REG - Victoria PLC - Purchase of Own Shares

VictoriaAnnouncement

28/03/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220328:nRSb1360Ga&default-theme=true

RNS Number : 1360G  Victoria PLC  28 March 2022

For Immediate
Release
                    28 March 2022

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

Victoria PLC

('Victoria' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 7,500 of its ordinary shares of 5
pence each ("Ordinary Shares") at a weighted average price of 909.46 pence per
share (the "Share Purchase") pursuant to  the authorities obtained at the
Company's last annual general meeting to make market purchases up to a maximum
aggregate of 11,685,190 Ordinary Shares. The Share Purchase is being funded
from excess cash.

 

Aggregated information:

 Date of purchase                     25 March 2022
 Number of Ordinary Shares purchased  7,500
 Highest price paid per share         911.45p
 Lowest price paid per share          904.00p
 Volume weighted average price paid   909.46p

 

Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market
Abuse Regulation) (which forms part of domestic UK law pursuant to the
European Union (Withdrawal) Act 2018), a detailed breakdown of individual
trades is available below:

 Number of Ordinary Shares purchased  Transaction price (GBp)  Time of transaction  Trading venue
 5,500                                911.45p                  11:56:19             AIMX
 2,000                                904.00p                  16:38:51             AIMX

The repurchased shares will be held in treasury. Following the purchase of
these shares, Victoria holds 8,592,185 of its Ordinary Shares in treasury and
has 116,872,482 Ordinary shares in issue (excluding treasury shares). 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

 

 The person responsible for arranging the release of this announcement on
 behalf of the Company is Michael Scott, Group Finance Director.

 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, Tejas Padalkar

                                                                +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 USA, and Australia and employs approximately 4,500 people across
 more than 27 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
 (http://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 USA, and Australia and employs approximately 4,500 people across
 more than 27 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
 (http://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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POSFLFFDVVIEFIF