Response to Press Speculation

RNS Number : 3786R

Victoria PLC

08 March 2016

 

Victoria PLC

Response to Press Speculation

The Board of Victoria PLC (the "Company") (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, notes the press speculation that it is in discussions regarding the potential acquisition of Lano Carpets, a European carpet manufacturing business (the "Potential Acquisition").

The Board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties.  The Board can confirm that it is in preliminary discussions regarding the Potential Acquisition, however there is no guarantee that it will proceed.

In the event that the Potential Acquisition were to proceed it would be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies.

Currently, the Board intends that any acquisition would be financed from the Company's existing facilities.

A further announcement will be made in due course as appropriate.

For more information contact:

Victoria PLC                                                                                         [phone]

Geoff Wilding, Chairman

Michael Scott, Group Finance Director

Cantor Fitzgerald Europe                                                               [phone]

(Nominated Adviser & Broker)

Rick Thompson, Phil Davies,

David Foreman, Michael Reynolds (Corporate Finance)

David Banks, Tessa Sillars (Corporate Broking)

Whitman Howard                                                                             [phone]

(Joint Broker)

Nick Lovering, Ranald McGregor-Smith                                  

Buchanan Communications                                          [phone]

Charles Ryland, Jane Glover

 

END

 

 

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