REG - Sage Group PLC - Change of External Auditor

SageAnnouncement

29/09/2023 12:15

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RNS Number : 1961O  Sage Group PLC  29 September 2023

The Sage Group plc

Change of External Auditor

 

The Sage Group plc ("Sage" or the "Company") announces that, following the
conclusion of a formal and competitive tender process overseen by the Audit
and Risk Committee, the Board intends to appoint KPMG LLP ("KPMG") as external
auditor for the financial year ending 30 September 2025. The appointment is
subject to shareholder approval at Sage's 2025 Annual General Meeting ("AGM").

Ernst and Young LLP ("EY"), the Company's current external auditor, will
continue in its role as external auditor for the financial years ending 30
September 2023 and, subject to shareholder approval at the 2024 AGM, 30
September 2024. Sage would like to thank EY for its significant contribution
and service as external auditor.

In accordance with applicable regulations, Sage is required to put the
external audit contract out to tender every 10 years. In the 2022 Annual
Report it was stated that the Company anticipated conducting a competitive
tender process no later than 2024, given EY was initially appointed in 2015.

Further details of the audit tender process and selection criteria will be
included in the Company's 2023 Annual Report.

 

Enquiries

Sage +44 (0) 7341 479956

Jonathan Howell, Chief Financial Officer

James Sandford, Investor Relations

David Ginivan, Corporate PR

FGS Global +44 (0) 20 7251 3801

Conor McClafferty

Sophia Johnston

About Sage

Sage exists to knock down barriers so everyone can thrive, starting with the
millions of small and mid-sized businesses (SMBs) served by us, our partners
and accountants. Customers trust our finance, HR and payroll software to make
work and money flow. By digitising business processes and relationships with
customers, suppliers, employees, banks and governments, our digital network
connects SMBs, removing friction and delivering insights. Knocking down
barriers also means we use our time, technology and experience to tackle
digital inequality, economic inequality and the climate crisis.

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