REG - Victoria PLC - Results of Placing

VictoriaAnnouncement

06/08/2018 14:35

RNS Number : 9596W
Victoria PLC
06 August 2018
 


THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
 
6 August 2018
Victoria PLC
("Victoria", the "Company", or the "Group")
 
Results of Placing
 
The Board of Victoria (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce the result of the bookbuild announced earlier today.
 
A total of 7,314,626 new Ordinary Shares in the Company have been conditionally placed by Cantor Fitzgerald Europe and Berenberg at a price of 827 pence per share (the "Placing Price") (consisting of 6,250,000 "Vendor Placing Shares" and 1,064,626 "Firm Placing Shares") raising gross proceeds of approximately £60.5 million.
 
The Placing Shares will represent approximately 5.83 per cent. of the existing Ordinary Shares.
 
Admission
 
Pursuant to the Vendor Placing and Firm Placing, Application has been made for the 7,314,626 new Ordinary Shares to be admitted to trading on AIM. Dealings in these new Ordinary Shares are expected to commence on 7 August 2018.
 
Geoff Wilding, Chairman of Victoria, commented
 
We are delighted by the level of support we have received from both existing and new investors, with the placing oversubscribed by a multiple of the funds sought."
 
Total Voting Rights
 
Following the issue of the Vendor Placing Shares and Firm Placing Shares, the Company's issued share capital will comprise 125,398,004 Ordinary Shares. The total number of voting rights in the Company will be 125,398,004. 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 share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
 
All capitalised terms in this announcement are as defined in the Company's announcement released at 7.00 a.m. this morning.
 
For more information contact:
 



Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director


+44 (0) 1562 749 300




 
Cantor Fitzgerald Europe (Nominated Adviser, Joint
Bookrunner and Broker)
Rick Thompson, Phil Davies, Will Goode (Corporate Finance)
Caspar Shand Kydd, Andrew Keith (Equity Sales)


 
+44 (0) 20 7894 7000




Berenberg (Joint Bookrunner and Broker)
Ben Wright, Mark Whitmore, Laure Fine (Corporate Broking)
 
Buchanan Communications (Financial PR)
Charles Ryland, Madeline Seacombe, Tilly Abraham


+44 (0) 203 207 7800
 
 
+44 (0) 20 7466 5000



 
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, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), ceramic tiles, artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands and Australia and employs approximately 2,500 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia.
 
The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings per share via acquisitions and sustainable organic growth.
 
The Group's trading subsidiaries, as set out segmentally, include:
 



UK & Europe:


Abingdon Flooring Ltd, Alliance Distribution Ltd, Avalon B.V, Ceramiche Serra S.p.A., Distinctive Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo S.A., Millennium Weavers N.V, Victoria Carpets Ltd, View Logistics Ltd, Westex (Carpets) Ltd, A. & A. Carpets Ltd
 




Australia:


Quest Flooring Pty Ltd, Primary Flooring Pty Ltd, The Victoria Carpet Co. Pty Ltd



 
 
 




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