10th May 2023 17:14
Airea PLC - West Yorkshire-based flooring company - Updates investors at annual general meeting and reports maintained margins despite ongoing cost challenges. Recognises the pension scheme position has deteriorated year-on-year from an unrecognised surplus of GBP5.1 million to a deficit of GBP1.3 million. Explains this was caused in part by the rise in gilt yields and then a fall in gilt prices towards the end of 2022. Says the next triennial valuation is due on July 1 and this will be used to agree upon a revised schedule of contributions with the pension trustees. Read More
