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LONDON - Mony Group PLC announced Tuesday it will appoint PricewaterhouseCoopers LLP (PwC) as its external auditor for the financial year ending December 31, 2026, following a formal competitive tender process.
The appointment, which will be subject to shareholder approval at the company’s 2026 Annual General Meeting, comes as the current auditor KPMG completes its maximum tenure. KPMG was reappointed in 2017 and is required to rotate off after 10 years in accordance with regulatory requirements.
The decision to change auditors follows a competitive tender process overseen by the Audit Committee, with the Board subsequently approving PwC’s appointment. The company had previously indicated in its 2024 Annual Report that it was conducting this tender process with completion expected during 2025.
Mony Group stated that additional details regarding the audit tender process and selection criteria will be included in its 2025 Annual Report.
The Board expressed gratitude to KPMG for their service and support over the years, according to the company’s press release statement.
The announcement was made in accordance with Listing Rule 9.6.14R of the London Stock Exchange, where Mony Group shares are traded.
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