Issue of Equity & Contract Liability Settlement

RNS Number : 6600N

Victoria PLC

29 July 2014

 



29 July 2014

Victoria PLC

('Victoria' or the 'Company')

Settlement of liability of Contract for Differences ("Contract") and

Admission of New Ordinary Shares

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of floorcoverings, announces that following the termination of the Contract by Camden Holdings Limited, the resultant cash liability of the Company to Camden Holdings Limited has been satisfied by the issuance of 7,087,730 Ordinary Shares. 

Application has been made to the London Stock Exchange for the admission of 7,087,730 Ordinary Shares which are expected to be admitted to trading on AIM on 30 July 2014 ("Admission").  The new Ordinary Shares rank pari passu with the existing shares of the Company.  Following Admission, the Company will have a total of 14,175,460 Ordinary Shares in issue.  This is the figure which may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Camden is a company owned by The Camden Trust of which Mr. Wilding is the settlor and a discretionary beneficiary. All definitions contained in this announcement have the same meaning as those defined in the circular to shareholders dated 20 June 2014.

For more information contact:

Victoria PLC Geoff Wilding	[phone]
Cantor Fitzgerald Europe Rick Thompson, David Foreman (Corporate finance) Richard Redmayne (Corporate broking)	[phone]
MHP Nick Denton                                                       Vicky Watkins	[phone]

 

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