PGC
20/03/2015 12:37
AUDITORS
NOT PRICE SENSITIVE
REL: 1237 HRS Pyne Gould Corporation Limited
AUDITORS: PGC: PGC intends to appoint Grant Thornton as auditor
20 March 2015
PGC intends to appoint Grant Thornton as auditor
Pyne Gould Corporation ("PGC") intends to appoint international accounting
firm Grant Thornton as its new auditor, replacing PwC.
Grant Thornton will be responsible for auditing PGC, and also PGC's
associate, Torchlight LP.
The change in auditors will occur upon the completion of the Torchlight 31
March 2014 audit which is imminent.
PGC chairman Bryan Mogridge said it is timely to change auditors as Grant
Thornton are familiar with the company's operational set-up in Guernsey,
which relies on the Praxis Group to provide professional support services.
With PGC now a streamlined company with few employees, minimal management
costs and a focus on long term asset growth, the shift to Grant Thornton was
also the most cost effective option of those available.
Mr Mogridge thanked PwC for their efforts and positive working relationship
over the past three years. He also said that PGC hopes to use PwC's wide
range of capability in other areas in the future.
As is normal under Guernsey law, the appointment of auditors will be ratified
by PGC shareholders at the next AGM.
For more information, please contact: David Lewis +64 21 976 119
End CA:00262112 For:PGC Type:AUDITORS Time:2015-03-20 12:37:31
