Uniq pension deal boosts shares

Shares in chilled sandwich and salad maker Uniq rose 6.9 per cent to 7p yesterday after Friday’s agreement to cede 90 per cent of its shares to its pension scheme in order to escape the burden of the size of the pension fund which is larger than its market cap. Uniq, which has already received approval from the Pensions Regulator and the Pension Protection Fund for the deal, still needs to receive shareholder approval. After the deal is completed, Uniq shares will trade on the junior Aim market.