Grant of Options

RNS Number : 6353V

Victoria PLC

11 August 2022

 

For Immediate Release     11 August 2022

Victoria PLC

('Victoria' or the 'Group')

2022 Long Term Incentive Plan

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring today announces that as part of the Group's 2022 Long Term Incentive Plan, options to subscribe for 375,000 ordinary shares of 5 pence each in the Group at an exercise price of £7.00 have been granted to Philippe Hamers, Chief Executive.

The options will vest equally over a four year period from 4 April 2022 to 4 April 2025 (such that one quarter of the options were vested when they were granted) as long as Mr Hamers remains employed by the Group, and may be exercised up until the tenth anniversary of the date that the options were granted, being 10 August 2022.

For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director [phone] Singer Capital Markets (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, Jack Devoy [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, Turkey, the United States and Australia and employs approximately 4,000 people across more than 26 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.)

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Philippe Hamers
2.	Reason for the notification
a.	Position/status	Chief Executive Officer
a.	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Victoria plc
b.	LEI	LEI 2138002K6ECECHVCQN25
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a.	Description of the Financial instrument, type of instrument Identification code	Grant of options to subscribe for Ordinary shares of 5 pence each in Victoria plc GB00BZC0LC10
b.	Nature of the transaction	LTIP Share Scheme
c.	Price(s) and volume(s)	Price (s) Volume (s) £7.00 375,000

d.	Aggregated information · Aggregated volume · Price	N/A - single transaction
e.	Date of the transaction	10 August 2022
f.	Place of the transaction	Outside a trading venue

 

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