REG - Victoria PLC - Purchase of Own Shares

VictoriaAnnouncement

22/03/2024 07:00

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RNS Number : 8728H  Victoria PLC  22 March 2024

For Immediate
Release
             22 March 2024

 

Victoria PLC

('Victoria', the 'Company' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 125,000 of its ordinary shares of
5 pence each ("Ordinary Shares") at a weighted average price of 242.89 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
of 17,251,562 Ordinary Shares.

 

Aggregated information:

 Date of purchase                     21 March 2024
 Number of Ordinary Shares purchased  125,000
 Highest price paid per share         245p
 Lowest price paid per share          241.57p
 Volume weighted average price paid   242.89p

 

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
 5,000                                245p                     09:21:49             AIMX
 10,000                               245p                     09:28:22             AIMX
 20,000                               244.75p                  09:36:22             AIMX
 15,000                               242.50p                  09:38:17             AIMX
 50,000                               241.57p                  09:40:18             AIMX
 25,000                               243p                     15:41:58             AIMX

The repurchased shares will be held in treasury. Following the purchase of
these shares, Victoria holds 11,051,794 of its Ordinary Shares in treasury and
has 114,412,873 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.

 For more information contact:

Victoria PLC                                                                   www.victoriaplc.com/investors-welcome

                                       (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                       Via Walbrook PR
 Philippe Hamers, Group Chief Executive

 Brian Morgan, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Joint Broker)                    +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                                       +44 (0)20 3207 7800

 Ben Wright, Richard Bootle

 Peel Hunt (Joint Broker)                                                       +44 (0)20 7418 8900

 Andrew Clark

 Walbrook PR (Media & Investor Relations)      +44 (0)20 7933 8780 or victoria@walbrookpr.com

                      (mailto:victoria@walbrookpr.com)
 Paul McManus, Alice Woodings

                      +44 (0)7980 541 893 / +44 (0)7407 804 654

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com) )

 

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 Company, which is headquartered in Worcester, 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, Germany, Turkey, the USA, and Australia and employs
approximately 6,750 people across 30 sites. Victoria is Europe's largest
carpet manufacturer and the second largest in Australia, as well as the
largest manufacturer of underlay in both regions.

 

The Company'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. (FurAIMXther information about
Victoria can be found on its website, www.victoriaplc.com.)

 

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