FDBK Feedback Plc

RNS Number:1461S
Feedback PLC
01 March 2007

                                  Feedback plc

                  Update on Pension Scheme and Current Trading



As previously reported, as at 30 September 2006 the Company had an FRS 17
liability on its pension scheme of #8,257,000. Based on a provisional actuarial
valuation of the fund, carried out at 31 March 2006, there is a deficit of
#17,100,000 on a buy-out basis.  The Directors are in regular contact with the
pension fund trustees and have continued to take appropriate professional advice
with a view to addressing the pension scheme deficit.  The process is not yet
complete and the outcome remains uncertain. Nevertheless the Board believes that
it should provide an update to shareholders.



The Board and its professional advisers are currently working on a proposal
which is intended to address the pension scheme deficit.  Whilst the actual
terms of the proposal are yet to be agreed, the Board expects that the Company
will need to undertake an equity fund raising as part of the process.



The Group is currently operating within its banking facilities which the
directors have agreed with the Group's bankers to the normal renewal date of 31
March 2007.  The Directors remain of the view that there is no reason why the
overdraft facilities will not be renewed after that date.



Update on current trading



The Board is pleased to announce that the current order book at each of the
Group's subsidiaries is ahead of their expectations and the Group has
experienced an improved trading performance during the current financial year.



Restructuring and the relocation of all operations onto one site, in preparation
for the move to a new building following the sale of the freehold premises in
Crowborough has hindered output. However the Board considers that the move to
more appropriate accommodation will benefit the Group.



Preference Shares



Under the terms of the Articles of Association of the Company, the Company is
required to redeem the Preference Shares on 31 March 2007 ("Redemption Date").
The Company will this week be notifying holders of Preference Shares that it is
currently unable to lawfully redeem any of the Preference Shares on the
Redemption Date due to the continued lack of distributable reserves.



A further announcement will be made in due course.



1 March 2007



Enquiries:



David Sawyer                                         01892 653322
Chief Executive
Feedback plc



Philip Davies
Charles Stanley Securities                           020 7149 6457


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