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Zotefoams PLC - External Auditor Appointment

RNS Number : 3034B
Zotefoams PLC
07 October 2020

Zotefoams plc

(the 'Company')


External Auditor Appointment


Zotefoams plc announces that, following a competitive tender process, it has approved the appointment of PKF Littlejohn LLP ("PKF") as auditor of the Company for the financial year ending 31 December 2020, with a commencement date of 6 October 2020.

PricewaterhouseCoopers LLP ("PwC") submitted its letter of resignation to the Board of Directors of the Company on 6 October 2020, along with the following ''statement of reasons" for resigning, as required by section 519 of the Companies Act 2006:

"The reason we are ceasing to hold office is that the Company undertook a competitive tender process for the position of statutory auditor and we were unsuccessful in retaining the audit.

There are no reasons for, and no other matters connected with our ceasing to hold office as auditors of the Company that we consider need to be brought to the attention of the Company's members or creditors."

The Company's Board of Directors would like to take this opportunity to thank PwC for its services to the Company.

A resolution to re-appoint PKF as the Company's auditors will be put to the Company's 2021 Annual General Meeting.

In accordance with Listing Rule 9.6.1, a copy of the letter to the Company's shareholders containing the requisite statement from PwC has been submitted to the Financial Conduct Authority via the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.


Lydia Harratt

Group Company Secretary

Zotefoams plc

020 8664 1600


7 October 2020


About Zotefoams plc


Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology delivering optimal material solutions for the benefit of society. Utilising a variety of unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight AZOTE® polyolefin and ZOTEK® high-performance foams, Zotefoams sells to diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT® advanced insulation for demanding industrial markets. Zotefoams also owns and licenses patented microcellular foam technology to reduce plastic use in extrusion applications and for ReZorce® mono-material recyclable barrier packaging.


Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites in Kentucky and Oklahoma, USA (foam products manufacture and conversion), Massachusetts, USA (MuCell Extrusion) and Jiangsu Province, China (T-FIT®). A third foam-manufacturing site, in Poland, is planned to begin operations in 2020.




AZOTE®, ZOTEK®, ReZorce® and T-FIT® are registered trademarks of Zotefoams plc.



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