Completion of Share Buyback

RNS Number : 7600F

Victoria PLC

18 November 2020

 

18 November 2020

Victoria PLC

('Victoria', or the 'Company')

Completion of Share Buyback

Transaction in Own Shares, Total Voting Rights and Board Shareholdings

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that it has completed the off-market purchase of 8,546,095 ordinary 5p shares at 350 pence per share. These shares, representing approximately 6.82 per cent. of the Company's current issued ordinary share capital, have today been transferred into treasury.

The total number of ordinary 5p treasury shares now held in treasury is 8,546,095.

As a result of the above, the total number of ordinary 5p shares in issue at the date of this notice is 116,851,909 (excluding the shares held in treasury). The figure of 116,851,909 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company also announces that The Spruce House Partnership LP has completed its previously announced off-market purchase of 3,600,000 ordinary shares at 350 pence per share.  Zachary Sternberg, non-executive director, has an indirect beneficial interest in the Company via The Spruce House Partnership LP shareholding.

Finally, the Company advises that, further to today's transfer into treasury of 8,546,095 ordinary 5p shares, the following Directors have increased their interest in Victoria's issued share capital as set out below: 

Name	Position	No. of Ordinary Shares	Percentage of Issued Share Capital
Geoff Wilding1	Executive Chairman	22,438,650	19.20%
Philippe Hamers	Chief Executive Officer	185,000	0.16%
Michael Scott	Group Finance Director	416,726	0.36%
Gavin Petken	Non-Executive Director	8,016	0.01%
Andrew Harrison	Non-Executive Director	207,725	0.18%
Zachary Sternberg²	Non-Executive Director	22,170,000	18.97%

1.  Geoff Wilding and his family are discretionary beneficiaries of the Camden Trust which in turn owns Camden Holdings Limited. Camden Holdings Limited is the owner of the above shareholding of  22,438,650 ordinary shares  and as a result Mr. Wilding is the beneficial owner of this shareholding.

2.  Zachary Sternberg has an indirect beneficial interest in the Company via The Spruce House Partnership LP 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.)

 

END

 

 

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