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Smiths Group Share News (SMIN)
Share News for Smiths Group (SMIN)
| Share Price: 1,335.00 | Bid: 1,334.00 | Ask: 1,336.00 | Change: -35.00 (-2.55%) |  | ||||||
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BRIEF-Smiths in pension agreement with UK trustees
Wed, 7th Jul 2010 07:27
LONDON, July 7 (Reuters) - Smiths Group PLC:
* Reaches pension agreement with UK trustees
* Smiths Industries pension scheme, TI group pension scheme (tigps) have agreed
10-year funding plans
* Actuarial valuations showed deficits of £545M in sips and £110M in tigps at
those dates
* Cash contributions to sips of £36M a year for 10 years
* A conditional cash contribution to tigps of up to £50M payable in May 2012
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
LONDON, July 7 (Reuters) - Smiths Group PLC:
* Reaches pension agreement with UK trustees
* Smiths Industries pension scheme, TI group pension scheme (tigps) have agreed
10-year funding plans
* Actuarial valuations showed deficits of £545M in sips and £110M in tigps at
those dates
* Cash contributions to sips of £36M a year for 10 years
* A conditional cash contribution to tigps of up to £50M payable in May 2012
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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