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

VictoriaAnnouncement

06/09/2014 22:30

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RNS Number : 5863N
Victoria PLC
29 July 2014 
 
29 July 2014 
 
Victoria PLC 
 
('Victoria' or the 'Company') 
 
Termination of the Contract for Differences (the "Contract") 
 
Victoria PLC, (LSE: VCP) the international designers, manufacturers and
distributors of floorcoverings, announces the termination of the Contract,
effective the close of business on 28 July 2014.  Consequently, Victoria is
liable to make a cash payment to Camden Holdings Limited ("Camden").  Camden
and Victoria have agreed the liability of Victoria will be satisfied by way of
set off by the issuance of  7,087,730 Ordinary Shares within the following 90
days.  The issuance of these shares will result in the total number of
Ordinary Shares in issue and the total number of voting rights doubling to
14,175,460. 
 
A further announcement will be made at the date the additional shares are
issued. 
 
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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