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	[phone]
Cantor Fitzgerald Europe (Nomad and broker) Rick Thompson, Phil Davies, Will Goode (Corporate Finance) Caspar Shand-Kydd (Sales), Andrew Keith (Equity Sales)	[phone]
Berenberg (joint broker) Ben Wright, Mark Whitmore, Laura Fine (Corporate Broking)	[phone]
Buchanan Communications Charles Ryland, Vicky Hayns, Maddie Seacombe, Tilly Abraham	[phone]

 

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