REG - Victoria PLC - Posting of Circular and Notice of General Meeting

VictoriaAnnouncement

24/12/2021 11:40

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RNS Number : 7939W  Victoria PLC  24 December 2021

For Immediate
Release
         24 December 2021

Victoria PLC

('Victoria' or the 'Group')

Posting of Circular and Notice of General Meeting

 

Victoria PLC, (LSE: VCP) the international designers, manufacturers and
distributors of innovative flooring, announces that it has signed an
Investment Agreement with KED Victoria Investments LLC, an affiliate of Koch
Equity Development LLC, in respect of the Follow-on Preferred Investment which
was announced on 29 November 2021.

 

The issue of the Preferred Shares in connection with the Follow-on Preferred
Investment is conditional upon the approval of the Company's Shareholders and
a circular (the "Circular") has today been posted which contains notice of a
general meeting ("General Meeting") to be held at 12.00 p.m. on 13 January
2022 at the offices of Victoria P.L.C. at Worcester Road, Kidderminster,
Worcestershire, DY10 1JR.

 

In running the General Meeting, the Board's priority remains to safeguard the
wellbeing of its colleagues, shareholders and wider communities and will take
all necessary and appropriate precautions to ensure their safety. Given the
Government's current Covid-19 guidance, the Board is asking that shareholders
do not attend the meeting's physical venue. Shareholders will not receive a
hard copy Form of Proxy for the General Meeting in the post and instead, will
be able to vote electronically.  Further details are set out in the Circular
and a copy can be found on the Company's website at www.victoriaplc.com.

 

Capitalised terms not otherwise defined in the text of this announcement have
the meanings given in the Circular.

 

 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, 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, 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.)

 

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