REG - RM PLC - Trading Update <Origin Href="QuoteRef">RM.L</Origin>

RMAnnouncement

16/12/2015 07:00

RNS Number : 1847J
RM PLC
16 December 2015
16 December 2015
Trading Update
The Board of RM plc confirms that it expects results for the financial year ended 30 November 2015 to be in line with expectations. Cash and short-term deposits as at 30 November 2015 were 48.3m (2014: 47.9m).
On 11 December 2015, agreement was reached with the Trustee of the RM defined benefit pension scheme ("Scheme") with regards to the triennial valuation as at 31 May 2015. The deficit was agreed at 41.8m (31 May 2012: 53.5m). The deficit recovery plan comprises an initial cash contribution of 4m to the Scheme and 4m into the escrow account previously established for the purposes of further risk mitigation exercises, together with deficit recovery payments remaining at 3.6m per annum until 2024 (previously 2027). These funding plans will be assessed at future triennial reviews.
Contacts:
RM plc  08450 700300
David Brooks, Chief Executive Officer 
Neil Martin, Chief Financial Officer
FTI Consulting 020 3727 1000
Chris Lane / Antonia Gray

This information is provided by RNS
The company news service from the London Stock Exchange
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