REG - Victoria PLC - Grant of Options

VictoriaAnnouncement

11/08/2022 07:00

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RNS Number : 6353V  Victoria PLC  11 August 2022

For Immediate
Release
         11 August 2022

Victoria PLC

('Victoria' or the 'Group')

2022 Long Term Incentive Plan

 

Victoria PLC, (LSE: VCP) the international designers, manufacturers and
distributors of innovative flooring today announces that as part of the
Group's 2022 Long Term Incentive Plan, options to subscribe for 375,000
ordinary shares of 5 pence each in the Group at an exercise price of £7.00
have been granted to Philippe Hamers, Chief Executive.

 

The options will vest equally over a four year period from 4 April 2022 to 4
April 2025 (such that one quarter of the options were vested when they were
granted) as long as Mr Hamers remains employed by the Group, and may be
exercised up until the tenth anniversary of the date that the options were
granted, being 10 August 2022.

 

 

 For more information contact:

Victoria PLC                                                   +44 (0) 1562 749 610

 Geoff Wilding, Executive Chairman

 Philippe Hamers, Group Chief Executive

 Michael Scott, Group Finance Director

 Singer Capital Markets (Nominated Adviser and Joint Broker)    +44 (0) 207 496 3095

 Rick Thompson, Phil Davies, Alex Bond

 Berenberg (Joint Broker)                                       +44 (0) 203 207 7800

 Ben Wright, Mark Whitmore

                                                                +44 (0) 207 418 8900

 Peel Hunt (Joint Broker)

 Adrian Trimmings, Andrew Clark                                 +44 (0) 20 7466 5000

 Buchanan Communications (Financial PR)

 Charles Ryland, Chris Lane, Jack Devoy

 

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,
 Turkey, 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.)

 

 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,
 Turkey, 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.)

 

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a.    Name                                                         Philippe Hamers
 2.    Reason for the notification
 a.    Position/status                                              Chief Executive Officer
 a.    Initial notification                                         Initial notification

       /Amendment
 3.    Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a.    Name                                                         Victoria plc
 b.    LEI                                                          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
 c.    Price(s) and volume(s)                                       Price (s)    Volume (s)
                                                                    £7.00        375,000

 

 d.    Aggregated information    N/A - single transaction

       ·Aggregated volume

       ·Price
 e.    Date of the transaction   10 August 2022
 f.    Place of the transaction  Outside a trading venue

 

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