BT Group Announces Triennial Pension Valuation
Nov 5 (Reuters) - BT Group PLC BT.L:
BT GROUP PLC - BT GROUP ANNOUNCES TRIENNIAL PENSION VALUATION
BT - BTPS DEFICIT REDUCED TO £2.70 BILLION AT JUNE 2026; FUNDING LEVEL AT 92.3%
BT - £30 MILLION PAYMENTS TO BTPS BROUGHT FORWARD TO FY27; FY28-FY31 REPLACED BY ZERO-COUPON BONDS
BT - TO CONTINUE ANNUAL PAYMENTS OF £180 MILLION UNDER ASSET-BACKED FUNDING ARRANGEMENT
BT - TO PROVIDE £282 MILLION ADDITIONAL FUNDING TO BTPS TO REACH FULL FUNDING BY 2030
BT - WIDER PACKAGE PROVIDES £4 BILLION SECURITY OVER EE SHARES FOR BTPS PROTECTION
BT - WIDER PACKAGE ALLOWS SHAREHOLDER DISTRIBUTIONS UP TO £1.50 BILLION IN FY27, £2 BILLION BY FY30
BT - TO MAKE ADDITIONAL CONTRIBUTIONS FOR NETWORK INFRASTRUCTURE ASSET DISPOSALS OVER £2 BILLION
BT: REMAIN ON TRACK TO ACHIEVE FULL FUNDING BY 2030
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