Sale of Existing Ordinary Shares

RNS Number : 2382D

Victoria PLC

25 April 2017

 

25 April 2017

For Immediate Release                                                                                  

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')

Sale of Existing Ordinary Shares

Victoria PLC, (AIM: VCP), the international designers, manufacturers and distributors of innovative floor coverings, is pleased to announce that to help satisfy continuing institutional demand Cantor Fitzgerald Europe has sold, on behalf of Camden Holdings Limited ("Camden"), 4 million existing ordinary shares of 5 pence each, representing 4.4 per cent. of Victoria's issued share capital to institutional investors at 460 pence per share.  

Camden is a company owned by The Camden Trust of which Geoff Wilding, the Chairman of Victoria, is the settlor and a discretionary beneficiary. Following the sale, Geoff Wilding remains beneficially interested in 26,438,650 ordinary shares, which represents 29.1 per cent. of the issued share capital of the Company.

Geoff Wilding, Chairman of Victoria PLC commented:

"I agreed to the share sale in order to meet continuing institutional demand and improve the liquidity of Victoria's shares and to further build the company's shareholder base. I remain the largest shareholder in Victoria with over 29 per cent. of the shares and, given this fact, shareholders can be assured I remain wholly committed to Victoria's objective: 'to create wealth for our shareholders'. I will not be selling any further shares for the foreseeable future."

- Ends -

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, Michael Reynolds (Corporate Finance)

Mark Westcott, Caspar Shand-Kydd (Sales)

finnCap                                                                                               [phone]

(Joint Broker)

Matt Goode, Carl Holmes (Corporate Finance)

Tim Redfern (Corporate Broking)

Buchanan Communications                                                             [phone]

Charles Ryland, Victoria Hayns, Jane Glover

 

END

 

 

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