DMGT links deficit recovery plan to share buy back

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The Daily Mail and General Trust (DMGT) has agreed a plan to tackle its pension deficit by making payments of £34m a year with additional contributions if it engages in share buy backs.

The newspaper publisher will pay approximately £34m a year to 2020, £28m a year to 2022, and then £23m each year until 2026. Additionally, a contribution equal to 20% of any share buy backs will...

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