Response to Press Speculation

RNS Number : 8216H

Victoria PLC

05 August 2019

 

For Immediate Release                                                                                                                                05 August 2019

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Victoria PLC

('Victoria', the 'Company', or the 'Group')

Response to Press Speculation

The Board of Victoria PLC (the "Company") (LSE: VCP) the international flooring designers, manufacturers and distributors, notes the recent press speculation that it is in discussions regarding the potential acquisition of Spanish ceramics manufacturer, Ibero Porcelānico (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 evaluating a number of opportunities including this one.

In the event that the Potential Acquisition were to proceed it would be financed from the Company's existing resources and be both leverage neutral and earnings enhancing. It would not be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.

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

- Ends - For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director [phone] Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Will Goode (Corporate Finance) Caspar Shand Kydd, Andrew Keith (Equity Sales) [phone] Berenberg (Joint Broker) Ben Wright, Mark Whitmore, Laure Fine (Corporate Broking) Buchanan Communications (Financial PR) Charles Ryland, Victoria Hayns, Tilly Abraham [phone] [phone]

 

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