TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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
See more insights into MPAC stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “Soulless” Options Put on Notice: Starbucks Stock (NASDAQ:SBUX) Notches Up as Niccol Continues to Plead Third-Place
- “We Anticipate These Pressures Will Persist”: Home Depot Stock (NYSE:HD) Gains Despite Housing Market Troubles
- Nvidia or Palantir: Billionaire Chris Rokos Pours Hundreds of Millions Into One Top AI Stock