Barclays Africa Group Limited (BAGL) board will not recommend reappointment of KPMG as one of its joint auditors
3 May 2018
Barclays Africa Group Limited (BAGL) today notified its shareholders that its board of directors is withdrawing its recommendation that auditing firm, KPMG Inc. (KPMG) be reappointed for 2018 at its upcoming Annual General Meeting (AGM) on 15 May.
Ordinary resolution 1 in the Notice of AGM which was issued at the end of March 2018 referred to the re-appointment of each of the external auditors of BAGL:
- Ordinary Resolution 1.1 relates to the re- appointment of Ernst & Young Inc. (EY) as external auditors and remains as proposed in the Notice of the AGM ;
- Ordinary Resolution 1.2 which is withdrawn relates to the re-appointment of KPMG as external auditors.