Sale of surplus land in Kidderminster

RNS Number : 3068P
Victoria PLC
07 February 2019
 

 

For Immediate Release             

7 February 2019

                               

Victoria PLC

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

Significant gain on sale of surplus land in Kidderminster


Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce that, following change of planning consent to housing, the Company has sold its former sports ground in Kidderminster that had remained unutilised for more than 20 years.

The site, located a mile from Victoria's Head Office in Kidderminster, had a net book value of £100,000. The site was sold on 6 February 2019 with planning permission for housing for £2,000,000.

For more information contact:

Victoria PLC

Geoff Wilding, Executive Chairman

Philippe Hamers, Group Chief Executive

Michael Scott, Group Finance Director

 

+44 (0) 15 6274 9610

Cantor Fitzgerald Europe (Nomad and broker)

Rick Thompson, Phil Davies, Will Goode (Corporate Finance)

Caspar Shand-Kydd (Sales), Andrew Keith (Equity Sales)

+44 (0) 20 7894 7000

 

Berenberg (joint broker)

Ben Wright, Mark Whitmore, Laura Fine (Corporate Broking)

 

+44 (0) 20 3207 7800

Buchanan Communications

Charles Ryland, Vicky Hayns, Maddie Seacombe, Tilly Abraham        

+44 (0) 20 7466 5000

 


 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
NRAEAPAKEEPNEFF

Companies

Victoria (VCP)
UK 100

Latest directors dealings