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Savills PLC announced on 16 July 2026 that its Non-Executive Director, John Waters, was censured by the Financial Reporting Council. The censure relates to Mr. Waters' historical role as audit engagement partner at PwC for the statutory audits of Babcock International Group Plc for the financial years ended 31 March 2019 and 31 March 2020, with PwC similarly censured. Savills' Board stated it remains satisfied with Mr. Waters' effectiveness and suitability in his current role.
| Date | 16 Jul 2026 |
| Time | 16:12:29 |
| Category | Miscellaneous |
| ID | 7052M |
16 July 2026
SAVILLS PLC
("Savills" or "the Company")
UKLA 6.4.9(1)R disclosure
Savills plc announces that, pursuant to UKLR 6.4.9R(1), it has been informed by John Waters, a Non-Executive Director and Chair of the Audit Committee of the Company, that the Financial Reporting Council has today announced it has censured him, in his then capacity as audit engagement partner at PwC, in relation to the statutory audit of the consolidated financial statements of Babcock International Group Plc for the financial years ended 31 March 2019 and 31 March 2020. The matter solely relates to John Water's historical role at PwC and does not relate to the Company or any member of the Savills group. PwC was similarly censured.
The Board has considered the matter and, based on the information available, remains satisfied that John Waters continues to be effective in, and suitable for, his role as a non-executive director of the Company.
For further information, contact:
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Chris Lee |
020 3107 5431
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Susie Bell |
020 7499 8644
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Nick de Bunsen - Teneo |
020 7260 2700
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