Posting of Circular and Notice of General Meeting

RNS Number : 7939W

Victoria PLC

24 December 2021

 

For Immediate Release     24 December 2021

Victoria PLC

('Victoria' or the 'Group')

Posting of Circular and Notice of General Meeting

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, announces that it has signed an Investment Agreement with KED Victoria Investments LLC, an affiliate of Koch Equity Development LLC, in respect of the Follow-on Preferred Investment which was announced on 29 November 2021.

The issue of the Preferred Shares in connection with the Follow-on Preferred Investment is conditional upon the approval of the Company's Shareholders and a circular (the "Circular") has today been posted which contains notice of a general meeting ("General Meeting") to be held at 12.00 p.m. on 13 January 2022 at the offices of Victoria P.L.C. at Worcester Road, Kidderminster, Worcestershire, DY10 1JR. 

In running the General Meeting, the Board's priority remains to safeguard the wellbeing of its colleagues, shareholders and wider communities and will take all necessary and appropriate precautions to ensure their safety. Given the Government's current Covid-19 guidance, the Board is asking that shareholders do not attend the meeting's physical venue. Shareholders will not receive a hard copy Form of Proxy for the General Meeting in the post and instead, will be able to vote electronically.  Further details are set out in the Circular and a copy can be found on the Company's website at www.victoriaplc.com.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given in the Circular.

For more information contact: Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director [phone] Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Alex Bond [phone] Berenberg (Joint Broker) Ben Wright, Mark Whitmore Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark Buchanan Communications (Financial PR) Charles Ryland, Chris Lane, Vicky Hayns, Tilly Abraham [phone] [phone] [phone] About Victoria Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands, the United States and Australia and employs approximately 4,000 people across more than 26 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.  The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings and cash flow per share via acquisitions and sustainable organic growth. (Further information about Victoria can be found on its website, www.victoriaplc.com.)

 

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