REG - Victoria PLC - Completion of Share Buyback

VictoriaAnnouncement

18/11/2020 13:00

RNS Number : 7600F
  
Victoria PLC
  
18 November 2020
  
 

18 November 2020
 
Victoria PLC
('Victoria', or the 'Company')
 
Completion of Share Buyback
Transaction in Own Shares, Total Voting Rights and Board Shareholdings
Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that it has completed the off-market purchase of 8,546,095 ordinary 5p shares at 350 pence per share. These shares, representing approximately 6.82 per cent. of the Company's current issued ordinary share capital, have today been transferred into treasury.
The total number of ordinary 5p treasury shares now held in treasury is 8,546,095.
As a result of the above, the total number of ordinary 5p shares in issue at the date of this notice is 116,851,909 (excluding the shares held in treasury). The figure of 116,851,909 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
 
The Company also announces that The Spruce House Partnership LP has completed its previously announced off-market purchase of 3,600,000 ordinary shares at 350 pence per share.  Zachary Sternberg, non-executive director, has an indirect beneficial interest in the Company via The Spruce House Partnership LP shareholding.
Finally, the Company advises that, further to today's transfer into treasury of 8,546,095 ordinary 5p shares, the following Directors have increased their interest in Victoria's issued share capital as set out below: 



Name


Position


No. of Ordinary Shares


Percentage of Issued Share Capital




Geoff Wilding1


Executive Chairman


22,438,650


19.20%




Philippe Hamers


Chief Executive Officer


185,000


0.16%




Michael Scott


Group Finance Director


416,726


0.36%




Gavin Petken


Non-Executive Director


8,016


0.01%




Andrew Harrison


Non-Executive Director


207,725


0.18%




Zachary Sternberg²


Non-Executive Director


22,170,000


18.97%



1.   Geoff Wilding and his family are discretionary beneficiaries of the Camden Trust which in turn owns Camden Holdings Limited. Camden Holdings Limited is the owner of the above shareholding of 22,438,650 ordinary shares and as a result Mr. Wilding is the beneficial owner of this shareholding.
2.   Zachary Sternberg has an indirect beneficial interest in the Company via The Spruce House Partnership LP shareholding.
 
 



For more information contact:



Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director


+44 (0) 1562 749 610




 
N+1 Singer (Nominated Adviser and Joint Broker)
Rick Thompson, Phil Davies, Alex Bond


 
+44 (0) 207 496 3095




Berenberg (Joint Broker)
Ben Wright, Mark Whitmore
 
Peel Hunt (Joint Broker)
Adrian Trimmings, Andrew Clark
 
 
Buchanan Communications (Financial PR)
Charles Ryland, Chris Lane, Tilly Abraham


+44 (0) 203 207 7800
 
 
+44 (0) 207 418 8900
 
 
 
+44 (0) 20 7466 5000



 
 







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 and Australia and employs approximately 3,400 people across more than 20 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.)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
POSEAAFPFSFEFFA