HSBC Holdings PLC Outcome of audit tender process (3918N)

TIDMHSBA

RNS Number : 3918N

HSBC Holdings PLC

20 January 2023

HSBC HOLDINGS PLC

OUTCOME OF AUDIT TENDER PROCESS

Following the conclusion of a formal competitive audit tender process, the Board of HSBC Holdings plc (the Company) has approved the re-appointment of PricewaterhouseCoopers LLP as external auditor of the statutory audits of the Company for 2025 and beyond. The audit tender process considered both large and challenger audit firms, and was led by the Group Audit Committee.

As a UK public interest entity, we are required to tender our audit every 10 years and rotate every 20 years. We disclosed in our 2021 Annual Report & Accounts the intention to commence an audit tender, given PricewaterhouseCoopers LLP were initially appointed for the audit of the 2015 Annual Report & Accounts.

Further details of the audit tender process and evaluation criteria will be included in our 2022 Annual Report & Accounts, which is due to be published on 21 February 2023. This appointment is subject to shareholder approval at the Company's 2024 Annual General Meeting.

Investor enquiries to:

   Richard O'Connor                      +44 (0)20 7991 6590      investorrelations@hsbc.com

Media enquiries to:

   Kirsten Smart                            +44 7725 733 311          pressoffice@hsbc.com

Note to editors:

HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,992bn at 30 September 2022, HSBC is one of the world's largest banking and financial services organisations.

ends/all

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCPPUWCGUPWURU

(END) Dow Jones Newswires

January 20, 2023 04:00 ET (09:00 GMT)

Hsbc (LSE:HSBA)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024