Purchase of Own Shares

RNS Number : 7845B

Victoria PLC

05 October 2022

 

For Immediate Release    5 October 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 'Company')

Purchase of Own Shares

The Company announces that it has purchased 50,000 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 432.22 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 17,444,847 Ordinary Shares.

Aggregated information:

Date of purchase	4 October 2022
Number of Ordinary Shares purchased	50,000
Highest price paid per share	435.00p
Lowest price paid per share	429.44p
Volume weighted average price paid	432.22p

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
25,000	429.44p	11:58:09	AIMX
25,000	435.00p	15:32:36	AIMX

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 10,139,185 of its Ordinary Shares in treasury and has 115,325,482 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 Brian Morgan, Chief Financial Officer. For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Brian Morgan, Chief Financial Officer [phone] Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Alex Bond [phone] Berenberg (Joint Broker) Ben Wright, Richard Bootle 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 USA, and Australia and employs approximately 6,500 people across 30 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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