Tracsis PLC Change of Auditor (8177N)
27 Maggio 2020 - 8:00AM
UK Regulatory
TIDMTRCS
RNS Number : 8177N
Tracsis PLC
27 May 2020
27 May 2020
Tracsis plc
("Tracsis" or the "Group")
Change of Auditor
Tracsis is a leading provider of software, hardware and services
for the rail, traffic data and wider transport industries, and is
pleased to announce that following the conclusion of a tender
process overseen by the Group's audit committee, the Group has
appointed Grant Thornton UK LLP ("Grant Thornton") as its
independent auditor for the financial year ending 31 July 2020. The
appointment of Grant Thornton as auditor for the financial year
ended 31 July 2021 will be subject to approval by the shareholders
at the next Annual General Meeting due to be held in January
2021.
The Group's previous auditor, KPMG LLP ("KPMG"), has confirmed
that it is not aware of any circumstances connected with its
termination as auditor that it considers should be brought to the
attention of the Board, creditors or shareholders of the Group. The
Board of Tracsis would like to thank KPMG for their services for
the past ten years, since their appointment in 2010.
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Max Cawthra, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate Finance
Andrew Burdis, Corporate Broking
Notes to editors:
-- Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytic
services for the rail, traffic data and wider transport
industries.
-- Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk and improve operational and asset
performance, safety management and decision making capabilities for
clients and customers.
-- The Group i s split into two principle operating areas built
around detailed industry knowledge and expertise :
- Rail Technology & Services: Software and technology led
business supported by consultancy. Develops remote condition
monitoring hardware and safety, productivity improvement, risk
management and data acquisition software for rail infrastructure
providers and software that solves complex resource, asset
optimisation and control problems for Train Operators.
- Traffic & Data Services : A largely services led business
that focuses on data capture, data analytics, data insights and
event traffic management within transport and pedestrian rich
environments. The business provides technology and data that
underpins large scale intelligent transport system and smart city
planning and decision making.
-- Tracsis has a blue-chip client base which includes all major
UK transport owning Groups. The business also works extensively
with Network Rail, the Department of Transport, TfL, multiple local
authorities, major outdoor music and sporting event organisers, and
a wide variety of large engineering and infrastructure
companies.
-- The business drives growth both organically and through
acquisition and has made fourteen acquisitions since 2008.
-- For more information on Tracsis please visit http://www.tracsis.com
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END
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