Mpac Group PLC ( (GB:MPAC) ) has issued an announcement.
Mpac Group PLC has successfully concluded negotiations with the Trustee of the Molins U.K. Pension Fund, resulting in a shift from a £28.4m deficit in 2021 to a £21.1m surplus by June 2024, achieving a funding level of 107.8%. The company plans to continue contributions to an escrow arrangement until the funding level reaches 110%, minimizing overfunding risks. The Trustee and Mpac are exploring the possibility of transferring the pension scheme to a third party, aiming to decouple it from the company, which could have significant implications for both scheme members and the company’s financial strategy.
More about Mpac Group PLC
Mpac Group PLC is a global leader in high-speed packaging and automation solutions.
YTD Price Performance: -7.08%
Average Trading Volume: 58,147
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £157.9M
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