BT Group Announces Triennial Pension Valuation

By Reuters News

- 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

Further company coverage: BT.L

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