Appointment of Non-Executive Director

RNS Number : 6191I

Victoria PLC

15 December 2020

 

Victoria PLC

('Victoria', the 'Company', or the 'Group')

Appointment of Non-Executive Director

The Board of Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce the appointment of Mr. Blake Gregory Ressel, aged 41, to the Board as a Non-Executive Director of Victoria PLC, with immediate effect.

Mr Ressel, who holds an MBA from Northwestern University Kellogg School of Management, is a Managing Director of Koch Equity Development LLC, where he leads and manages their European team and activities with an investment mandate centred on partnered acquisitions and principal investments.  KED Victoria Investments, LLC ("KED"), an affiliate of Koch Equity Development LLC, has a 10.70% shareholding in Victoria PLC.

Geoff Wilding, Executive Chairman of Victoria PLC, said:

"I welcome Blake to the board of Victoria. We expect to grow Victoria very significantly over the next 12 months and I am certain the company will benefit from the strengthened governance, industry knowledge, and experience that Blake brings to the board."

Mr Ressel commented:

"I am very much looking forward to joining the Board. KED is delighted to be partnering with Victoria, and we are confident in Victoria's strategy, its management team, and the size of the market opportunity"  

Mr Ressel is currently a director of the following company:

· Flint Holdco (a Luxembourg company)

He was formerly a director of MLX Resources UK Limited. He has held no other directorships during the previous five years.

The Company confirms that there is no other information which is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

Mr Ressel is indirectly interested in 10.70% of Victoria by virtue of the KED's shareholding.

For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director [phone] N+1 Singer (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Alex Bond [phone] Berenberg (Joint Broker) Ben Wright, Mark Whitmore Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark Buchanan Communications (Financial PR) Charles Ryland, Chris Lane, Tilly Abraham [phone] [phone] [phone]

About Victoria

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories.

Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands and Australia and employs approximately 3,400 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions . 

The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth. (Further information about Victoria can be found on its website, www.victoriaplc.com.)

 

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