Hays Retains PwC as External Auditor After Tender Process
Why we think this is neutral
The RNS announcement details the outcome of Hays' audit tender process, where the company has decided to reappoint PwC as its external auditor. This is a routine corporate governance matter and does not contain any information about the company's financial performance or trading outlook.
Key Points
- Hays has reappointed PwC as its external auditor following a formal tender process
- PwC will continue as Hays' auditor from the financial year ending 30 June 2027
- The Audit and Risk Committee recommended PwC's reappointment, which was approved by the Board
- The appointment is subject to shareholder approval at the 2026 AGM
Summary
Hays plc has announced that, following a formal competitive audit tender process, the Board has approved the re-appointment of PriceWaterhouseCooopers (PwC) as its external auditor to take effect from, and including, the financial year ending 30 June 2027. The company disclosed in its 2024 Annual Report & Accounts that a tender process would be conducted, given that PwC was initially appointed in 2016. The Audit and Risk Committee led the comprehensive tender process in April 2025, and subsequently recommended the re-appointment of PwC, which was approved by the Board. This appointment is subject to shareholder approval at the Company's 2026 Annual General Meeting.