REG - MJ Hudson Group PLC - Resignation of Auditor

MJ HudsonAnnouncement

13/02/2023 07:00

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RNS Number : 6506P  MJ Hudson Group PLC  13 February 2023

13 February 2023

MJ Hudson Group plc

(the "Company")

 

Resignation of Auditor

 

 

Further to its announcements on 17 October and 12 December 2022, MJ Hudson
Group plc (AIM:MJH), the specialist service provider to the asset management
industry, announces that, late afternoon on 10 February 2023, the Company
received notice from its auditor, Ernst & Young LLP ("EY") that it was
tendering its resignation with immediate effect.

 

The letter of resignation states that "we are ceasing to hold office because
we have lost trust and confidence in the Company's management and those
charged with governance, and in their ability, along with your finance team,
to provide us with accurate and reliable information for audit".

 

As required by the Companies (Jersey) Law 1991 as amended, a copy of EY's
resignation letter will be distributed to each member of the Company and to
each person entitled to receive notice of a general meeting of the Company
within 14 days of 10(th) February 2023.

 

As noted in the announcement of 12 December 2022, the Board continues to work
with an external accounting and financial services firm to assist it in
achieving the necessary clarity to enable the year end FY 2022 reporting to be
completed.  The Board believes that this process will take some time to
finalise and, during this time, the Board will commence the search for a new
auditor.

 

The Board has now completed the initial process of seeking interest from
parties to acquire some or all of the business units of the MJ Hudson Group,
and it is pleased to confirm that there have been a number of encouraging
initial bids for all of the business units, as well as bids for individual
business units, divisions and combinations thereof, from credible potential
acquirers.  The process will now enter a confirmatory diligence phase before
the Board will seek best and final offers.  Further announcements will be
made in due course.

 

For further information, please contact:

 

MJ Hudson Group plc

Geoff Miller, Executive Chairman

 

Matthew Hudson, CEO

+44 20 3463 3200

 

Cenkos Securities plc (Nomad and Broker)

Giles Balleny

Stephen Keys

Callum Davidson

+44 20 7397 8900

 

Buchanan (PR Adviser)

Chris Lane

Jack Devoy

George Cleary

 

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