Response to Press Speculation

RNS Number : 8064V

Victoria PLC

07 November 2017

 

7 November 2017

Victoria PLC

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

Response to Press Speculation

The Board of Victoria PLC (the "Company") (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, notes the press speculation surrounding the potential sale process of Keraben Grupo, S.A., a European ceramic tile manufacturing business, being undertaken by the current owners (the "Potential Acquisition").

The Board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties. The Board can confirm that it is evaluating a number of opportunities including this one.

In the event that the Potential Acquisition were to proceed it would be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.

A further announcement will be made in due course as appropriate.

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For more information contact:

Victoria PLC Geoff Wilding, Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director	[phone]
Cantor Fitzgerald Europe (Nominated Adviser and Broker) Rick Thompson, Phil Davies, Will Goode (Corporate Finance)	[phone]
Berenberg (Joint Broker) Ben Wright, Mark Whitmore (Corporate Broking) Buchanan Communications (Financial PR) Charles Ryland, Victoria Hayns, Madeline Seacombe	[phone] [phone]

 

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