REG - Victoria PLC - LTIP Share Options & Director Shareholdings

VictoriaAnnouncement

17/02/2022 07:00

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RNS Number : 9242B  Victoria PLC  17 February 2022

For Immediate
Release
         17 February 2022

Victoria PLC

('Victoria' or the 'Group')

Exercise of LTIP Share Options and Warrants and Director Shareholdings

 

Victoria PLC, (LSE: VCP) the international designers, manufacturers and
distributors of innovative flooring, announces that on 16 February 2022, a
total of 66,663 new ordinary shares of 5 pence each ("Ordinary Shares") were
issued as a result of the exercise of share options and warrants pursuant to
Victoria Plc senior management Long Term Incentive Plans ("LTIP"), at an
exercise price of 5 pence per Ordinary Share.  Of these new Ordinary Shares,
45,000 were issued to Philippe Hamers, CEO, in relation to his 2020 LTIP.

 

Application will be made for 66,663 new Ordinary Shares to be admitted to
trading on AIM ("Admission"), which is expected to occur on or around 18
February 2022.

 

Following Admission, the Company will have a total issued share capital of
116,918,572 Ordinary Shares each carrying one voting right. The Company holds
8,546,095 Ordinary Shares in treasury. Therefore, following the issue of the
new Ordinary Shares, the total number of voting rights in the Company will be
116,918,572. This figure 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.

 

In order to settle the income tax that is immediately due on this share issue,
on the same day Mr Hamers sold 22,000 ordinary shares at a price of £8.75 per
share.  Following the share issue and share sale, Mr Hamers is beneficially
interested in 208,000 Ordinary Shares, representing 0.18 per cent. of the
issued share capital of the Company.

 

 

 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, Vicky Hayns, Tilly Abraham

 

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  Options over ordinary shares of 5 pence each

       Identification code

                                                                    GB00BZC0LC10
 b.    Nature of the transaction                                    Grant of options pursuant to and in accordance with the terms of the
                                                                    Company's Share Option Scheme dated
 c.    Price(s) and volume(s)                                       Exercise price      No of Options
                                                                    5p                  45,000
 d.    Aggregated information

       ·Aggregated volume

       ·Price

 e.    Date of the transaction                                      16 February 2022
 f.    Place of the transaction                                     Outside a trading venue

d.

Aggregated information

·Aggregated volume

·Price

 

 

 

 

e.

Date of the transaction

16 February 2022

f.

Place of the transaction

Outside a trading venue

 

 

 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  Ordinary shares of 5 pence each

       Identification code

                                                                    GB00BZC0LC10
 b.    Nature of the transaction                                    Sale of Ordinary Shares
 c.    Price(s) and volume(s)                                       Price       Volume
                                                                    £8.75       22,000
 d.    Aggregated information

       ·Aggregated volume                                           N/A

       ·Price

 e.    Date of the transaction                                      16 February 2022
 f.    Place of the transaction                                     London Stock Exchange

d.

Aggregated information

·Aggregated volume

·Price

 

 

N/A

 

e.

Date of the transaction

16 February 2022

f.

Place of the transaction

London Stock Exchange

 

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