Shareholders reject resolution to appoint audito

In a rare move, over 75% of shareholders voted against the reappointment of Deloitte LLP as auditors at the annual general meeting of SIG plc (SIG). The development follows an announcement by SIG in February that the company had identified historical overstatements of profit in previous financial years. SIG has announced that it will be undertaking an audit tender for the role of external auditor as soon as practicable and will be consulting with shareholders on this process over the coming weeks.

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