Uniq trustees take majority share holding after 18-month negotiation

Jenna Towler
clock

Uniq has finally reached agreement with trustees in its long-running deficit for equity negotiations, which will see the scheme take control of 90.2% of the firm's shares.

The chilled food manufacturer also agreed to make a one-off £14m additional cash payment to release it from the scheme's £436m deficit - which dwarfs the firm's market capitalisation of about £6m. ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB schemes well-funded and on course for endgame, ACA finds

DB schemes well-funded and on course for endgame, ACA finds

ACA research shows 89% of schemes have set clear endgame strategies

Martin Richmond
clock 24 June 2026 • 2 min read
Most DB trustees yet to consider impact of health innovations on liabilities

Most DB trustees yet to consider impact of health innovations on liabilities

Standard Life research finds improved health outcomes could lengthen the period in which pensions are paid

Martin Richmond
clock 23 June 2026 • 2 min read
Insurer innovation leading to faster DB wind-up, Hymans says

Insurer innovation leading to faster DB wind-up, Hymans says

Insurers are developing pilots to ‘fast track’ journeys from buy-in to buyout

Martin Richmond
clock 16 June 2026 • 4 min read
Trustpilot