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RNS Number : 0393H Victoria PLC 04 April 2022
For Immediate
Release
4 April 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 10,000 of its ordinary shares of 5
pence each ("Ordinary Shares") at a weighted average price of 880.00 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 1 April 2022
Number of Ordinary Shares purchased 10,000
Highest price paid per share 880.00p
Lowest price paid per share 880.00p
Volume weighted average price paid 880.00p
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
10,000 880.00p 14:39:10 AIMX
The repurchased shares will be held in treasury. Following the purchase of
these shares, Victoria holds 8,621,435 of its Ordinary Shares in treasury and
has 116,843,232 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) .)
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