REG - Victoria PLC - Termination of the Contract for Differences <Origin Href="QuoteRef">VCP.L</Origin>

VictoriaAnnouncement

06/09/2014 18:42

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RNS Number : 9226M
Victoria PLC
22 July 2014 
 
22 July 2014 
 
Victoria PLC 
 
('Victoria' or the 'Company') 
 
Notice of Termination of the Contract for Differences (the "Contract") 
 
Victoria PLC, (LSE: VCP) the international designers, manufacturers and
distributors of floorcoverings, announces, further to the announcement of 9
July confirming, inter alia, the approval of the special dividend, that it
received notification at close of business on 21 July  from Camden Holdings
Limited ("Camden"), the owner of the Contract, that it has exercised its
rights to terminate the Contract. As such the Contract will terminate at close
of business on 28 July 2014 and Camden will then subscribe for 7,087,730
Ordinary Shares within the following 90 days.  A further announcement will be
made at that time. 
 
Camden is a company owned by The Camden Trust of which Mr. Wilding, Executive
Chairman, is the settlor and a discretionary beneficiary. All definitions
contained in this announcement have the same meaning as those defined in the
circular to shareholders dated 20 June 2014. 
 
For more information contact: 
 
 Victoria PLC Geoff Wilding                                                                                    +44 (0) 15 6274 9300  
 Cantor Fitzgerald EuropeRick Thompson, David Foreman (Corporate finance)Richard Redmayne (Corporate broking)  +44 (0) 20 7894 7000  
 MHPNick Denton                                                       Vicky Watkins                            +44 (0) 20 3128 8100  
 
 
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