24th Feb 2005 12:49
Feedback PLC24 February 2005 Feedback plc Statement re Pension Scheme The Board is pleased to announce that it has today received a determination fromthe Occupational Pensions Regulatory Authority ("OPRA") in relation to theCompany's defined benefit pension scheme (the "Scheme"), which was closed to newentrants and to future benefits accruals on 31 July 2004. The Company made an application to OPRA in March 2004 to extend the periodrequired to address the serious shortfall in the funding of the Scheme. OPRAhas considered the Company's application and concluded that the period for theScheme to meet the serious shortfall should be extended to 31 March 2010 and theperiod for the Scheme to meet the minimum funding requirement should be extendedto 31 March 2020. The effect of this determination is that the Company can now reduce thecontributions payable to the Scheme to £521,400 per annum. The Directors are very pleased with this positive outcome which puts a period ofuncertainty behind the Company. 24 February 2005 Enquiries: David Sawyer 01892 653322Chief ExecutiveFeedback plc Philip DaviesCharles Stanley & Co. Limited 020 7953 2457 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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