Termination of the Contract for Differences

RNS Number : 9226M

Victoria PLC

22 July 2014

 

22 July 2014

Victoria PLC

('Victoria' or the 'Company')

Notice of Termination of the Contract for Differences (the "Contract")

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of floorcoverings, announces, further to the announcement of 9 July confirming, inter alia, the approval of the special dividend, that it received notification at close of business on 21 July  from Camden Holdings Limited ("Camden"), the owner of the Contract, that it has exercised its rights to terminate the Contract. As such the Contract will terminate at close of business on 28 July 2014 and Camden will then subscribe for 7,087,730 Ordinary Shares within the following 90 days.  A further announcement will be made at that time.

Camden is a company owned by The Camden Trust of which Mr. Wilding, Executive Chairman, is the settlor and a discretionary beneficiary. All definitions contained in this announcement have the same meaning as those defined in the circular to shareholders dated 20 June 2014.

For more information contact:

Victoria PLC Geoff Wilding	[phone]
Cantor Fitzgerald Europe Rick Thompson, David Foreman (Corporate finance) Richard Redmayne (Corporate broking)	[phone]
MHP Nick Denton                                                       Vicky Watkins	[phone]

 

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