Purchase of Own Shares

RNS Number : 1360G

Victoria PLC

28 March 2022

 

For Immediate Release    28 March 2022  

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 

Victoria PLC

('Victoria' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 7,500 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 909.46 pence per share (the "Share Purchase") pursuant to  the authorities obtained at the Company's last annual general meeting to make market purchases up to a maximum aggregate of 11,685,190 Ordinary Shares. The Share Purchase is being funded from excess cash. 

Aggregated information:

Date of purchase	25 March 2022
Number of Ordinary Shares purchased	7,500
Highest price paid per share	911.45p
Lowest price paid per share	904.00p
Volume weighted average price paid	909.46p

Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018), a detailed breakdown of individual trades is available below:

Number of Ordinary Shares purchased	Transaction price (GBp)	Time of transaction	Trading venue
5,500	911.45p	11:56:19	AIMX
2,000	904.00p	16:38:51	AIMX

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 8,592,185 of its Ordinary Shares in treasury and has 116,872,482 Ordinary shares in issue (excluding treasury shares). 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 Company under the FCA's Disclosure Guidance and Transparency

The person responsible for arranging the release of this announcement on behalf of the Company is Michael Scott, Group Finance Director. 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, Tejas Padalkar Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark Buchanan Communications (Financial PR) Charles Ryland, Chris Lane, Vicky Hayns, 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, Turkey, the USA, and Australia and employs approximately 4,500 people across more than 27 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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