Completion of Acquisition of Keraben Grupo S.A.

RNS Number : 7575W

Victoria PLC

16 November 2017

 

16 November 2017

Victoria PLC

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

Completion of Acquisition of Keraben Grupo S.A.

The Board of Victoria (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to confirm that further to the announcement released earlier today it has completed the acquisition of Keraben Grupo S.A. ("Keraben"), a substantial European manufacturer of branded floor and wall ceramic tiles.

Following the issue of the Placing Shares, the Company's issued share capital will comprise 113,957,902 ordinary shares of 5 pence each. The total number of voting rights in the Company will be 113,957,902. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Announcement released by the Company at 7.00 a.m. this morning.

For more information contact:

Victoria PLC                                                                                          [phone]

Geoff Wilding, Chairman

Philippe Hamers, Group Chief Executive

Michael Scott, Group Finance Director

Cantor Fitzgerald Europe (Nominated Adviser and Broker)                  [phone]

Rick Thompson, Phil Davies, Will Goode (Corporate Finance)

Caspar Shand Kydd, Alex Pollen (Equity Sales)

Berenberg (Broker)                                                                               [phone]

Ben Wright, Mark Whitmore (Corporate Broking)

Buchanan Communications (Financial PR)                                          [phone]

Charles Ryland, Victoria Hayns, Madeline Seacombe

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, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), artificial grass and flooring accessories. Victoria has operations in the UK, Belgium, the Netherlands and Australia and employs approximately 1,800 people across 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia.

The Group's strategy is designed to create value for its shareholders, focused on consistently increasing earnings per share via acquisitions and sustainable organic growth.

The Group's trading subsidiaries include:

UK & Europe:	Abingdon Flooring Ltd, Alliance Distribution Ltd, Avalon B.V, Distinctive Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo S.A., Victoria Belgium N.V, Victoria Carpets Ltd, View Logistics Ltd, Westex (Carpets) Ltd, Whitestone Weavers Ltd
Australia:	Quest Flooring Pty Ltd, Primary Flooring Pty Ltd, The Victoria Carpet Co. Pty Ltd

 

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