Dawson International - Est. Pension Fund Deficit
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RNS Number:0284U
Dawson International PLC
09 May 2008
Dawson International Plc
("Dawson International" or the "Group")
Estimated Pension Fund Deficit
In its annual report for the year ended 30 December 2006, Dawson International
included information illustrating the sensitivity of the pension fund deficit
included within the Group balance sheet to changes in corporate bond rates.
Dawson International announces that, following an actuarial review of the
Group's pension fund liabilities for the 2007 annual report, the balance sheet
value of the Group's net pension fund liability as at 29 December 2007 is
estimated to have fallen to £4.7m (30 December 2006: £19.8m). Of the overall
reduction in the deficit of £15.1m, an estimated £11.3m was due to an increase
in corporate bond rates which are used to discount future liabilities.
The estimated deficit remains subject to audit. The final pension position will
be confirmed when the Group announces its preliminary results for the year ended
29 December 2007 which is expected to take place at the end of May/early June
2008.
For further information, please contact:
Dawson International Plc Tel: 07836 299548
David Cooper, Group Finance Director
WH Ireland Limited Tel: 0161 832 2174
David Youngman
This information is provided by RNS
The company news service from the London Stock Exchange
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