13 January 2021
HeiQ Plc
("HeiQ" or "the Company")
Change of External Auditor for the Financial Year ending 31 December 2020
HeiQ Plc (LSE:HEIQ), an established global brand in materials and textile innovation which operates in high-growth markets, is pleased to announce the appointment of Crowe LLP ("Crowe") as its new auditor with immediate effect, replacing F W Smith Riches & Co who have formally resigned and confirmed that there are no reasons or matters connected with their ceasing to hold office as auditors which they consider should be brought to the attention of the members or creditors of the Company. Crowe previously acted as reporting accountant to the Company during its Reverse Takeover of HeiQ Materials AG and subsequent readmission of the enlarged group to the standard segment of the Official List.
Crowe will conduct the audit of the Company and its subsidiaries' financial statements for the financial year to 31 December 2020. The appointment of Crowe as auditor for the following financial year will be subject to approval by shareholders at the next Annual General Meeting of the Company to be held in 2021.
For further information, please contact:
| HeiQ Plc Carlo Centonze (CEO) | +41 56 250 68 50 |
| Arlington Group Asset Management Limited (Financial Advisor and Joint Broker) Charles Cannon Brookes | +44 (0) 207 389 5017 |
| Cenkos Securities plc (Joint Broker) Stephen Keys / Callum Davidson | +44 (0) 207 397 8900 |
| Newgate Communications (Media Enquiries) Elisabeth Cowell / Robin Tozer / Megan Kovach | +44 (0) 20 3757 6882 |
About HeiQ
HeiQ is a pioneer and at the forefront of global technology in the $10 billion antimicrobial fabrics and $24 billion textile chemicals market. With the focus on materials and textile innovation, HeiQ has created some of the most effective, durable and high-performance technologies and textile effects in the market today, which cool, warm, dry, repel, purify, and destroy viruses. Since 2005, HeiQ has developed over 200 technologies in partnership with 300 major brands.
HeiQ is a high intellectual capital company which has successfully built up a reputation in textile technologies, having won multiple awards and innovating with leading eco-conscious brands such as Patagonia.
Led by an experienced management team, HeiQ rapidly researches new solutions for partners, quickly delivers scaled up manufacturing from its sites across the world and helps partners market the product to end consumers - aiming for lab to consumer in months.
HeiQ aims to deliver growth for its shareholders through a combination of increased sales of its core products and by entering additional lucrative markets through disruptive innovations.
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