REG - Victoria PLC - Board Appointment and Grant of Options

VictoriaAnnouncement

15/04/2025 15:30

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RNS Number : 1530F  Victoria PLC  15 April 2025

For Immediate
Release
                15 April 2025

Victoria PLC

('Victoria' or the 'Group')

Board Appointment and Grant of Options

 

Victoria PLC (LSE: VCP), the international designer, manufacturer and
distributor of innovative flooring, is pleased to announce that, further to
announcement of 17 March 2025, Alec Pratt has today been appointed as a
director of the Company and commenced his role as Chief Financial Officer
Designate.

 

Victoria also announces that it has today granted options over 1,666,666
ordinary shares of 5 pence each in the capital of the Company to Alec Pratt
pursuant to the Company's 2022 Long Term Incentive Plan. The options will vest
until the tenth anniversary of the grant date as long as Mr Pratt remains
employed by the Group in the following tranches:

·    333,333 option shares shall vest on the first anniversary of the
grant date;

·    333,333 option shares shall vest on the second anniversary of the
grant date;

·    333,334 option shares shall vest on the third anniversary of the
grant date;

·    Up to 333,333 option shares shall vest between the fourth anniversary
of the grant date and the tenth anniversary of the grant date based on vesting
criteria;

·    Up to 333,333 option shares shall vest between the fifth anniversary
of the grant date and the tenth anniversary of the grant date based on vesting
criteria.

 

The options may be exercised at a price of 5 pence per option share up until
the tenth anniversary of the final vesting date being the tenth anniversary of
the grant date.

 

For more information contact:

 

 Victoria PLC                                                                           www.victoriaplc.com/investors-welcome

                                                                                      (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                                                                      Via Walbrook PR
 Philippe Hamers, Group Chief Executive

 Brian Morgan, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Joint Broker)                            +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                                               +44 (0)20 3207 7800

 Ben Wright, Richard Bootle

 Walbrook PR (Media & Investor Relations)           +44 (0)20 7933 8780 or victoria@walbrookpr.com

 Paul McManus, Louis Ashe-Jepson, Alice Woodings    +44 (0)7980 541 893 / +44 (0)7747 515 393 / +44 (0)7407 804 654

 

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com/) )

 

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 Company, which is headquartered
in Worcester, 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, Germany, Turkey, the USA, and Australia and employs
approximately 5,600 people across more than 30 sites. Victoria
is Europe's largest carpet manufacturer and the second largest
in Australia, as well as the largest manufacturer of underlay in both
regions.

 

The Company'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.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 

   1          Details of the person discharging managerial responsibilities/person closely
              associated
   a)         Name                                                         Alec Pratt
   2          Reason for the notification
   a)         Position/status                                              PDMR
   b)         Initial notification /Amendment                              Initial notification
   3          Details of the issuer, emission allowance market participant, auction
              platform, auctioneer or auction monitor
   a)         Name                                                         Victoria plc
   b)         LEI                                                          2138002K6ECECHVCQN25
   4          Details of the transaction(s): section to be repeated for (i) each type of

          instrument; (ii) each type of transaction; (iii) each date; and (iv) each
              place where transactions have been conducted
   a)         Description of the financial instrument, type of instrument  Grant of options to subscribe for Ordinary shares of 5 pence each in Victoria

                                                            plc
              Identification code

                                                                           GB00BZC0LC10
   b)         Nature of the transaction                                    LTIP Share Scheme

    Each c)   Price(s) and volume(s)                                        Price(s)   Volume(s)
                                                                           £0.05       1,666,666

   d)         Aggregated information

               - Aggregated volume                                         N/A - single transaction

               - Price
   e)         Date of the transaction                                      15 April 2025
   f)         Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

 - Aggregated volume

 - Price

 

N/A - single transaction

 

e)

Date of the transaction

15 April 2025

f)

Place of the transaction

Outside of a trading venue

 

 

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