VCP Victoria Plc

TIDMVCP

RNS Number : 5826V

Victoria PLC

15 January 2012

"International designers and manufacturers of innovative quality floorcoverings"

Issued on behalf of Victoria PLC by Citigate Dewe Rogerson

Date: Monday 16 January 2012 Immediate Release

Victoria PLC

("Victoria" or the "Company")

Invalid Requisition

The Board of Victoria notes the announcement by Alexander Anton, a former Chairman and Director of the Company made last Friday afternoon (15.03hrs 13 January 2012).

The Board confirms that, following the Company's announcement made on Friday 13 January 2012 relating to a formal sales process it received a purported requisition from Alexander Anton and New Fortress Finance Holdings Ltd requesting the Board to convene a General Meeting to consider the imposition of Mr Anton and three other Directors onto the Board whilst removing the current Independent Non- Executive Directors.

However, the Board is advised that the requisition is invalid as Alexander Anton holds less than 5 per cent of the Company's issued share capital and New Fortress Finance Holdings Ltd is not a registered shareholder. Therefore, neither party has the authority to requisition a General Meeting.

The Board unanimously believes that the commencement of the formal sales process announced will achieve the objective of realising maximum value for shareholders, whilst safeguarding the interests of all stakeholders.

Whilst the Board expects that Mr Anton's consortium will submit a valid requisition, the Company has currently set a deadline of the end of February 2012 for the announcement of any firm offer for the Company or its operating businesses. Consequently, the Board believes that it will be in a position to give all shareholders a real choice by the time of a General Meeting. There can be no certainty that any offer will be made for the Company or its operating businesses, or even proposed, or as to the level of any proposal or offer that may be made or that any such offer may be made prior to a General Meeting.

Shareholders are advised by the Board to take no action at this time. The Board will keep shareholders updated as appropriate.

All RNS announcements issued by the Company can be viewed on the Company's website: www.victoriaplc.com

 
 Victoria PLC                   Citigate Dewe Rogerson   Arden Partners 
  Office: +44 (0) 1562           Mobile: +44 (0)          Office: +44 (0)121 423 
  749300                         7785 703523              8900 
                                 Tel: +44 (0) 121 
                                 362 4009 
 Alan Bullock, Group Managing   Fiona Tooley, Director   Steve Douglas 
  Director                                                Corporate Finance Director 
  or 
 Ian Davies, Group Finance 
  Director 
 www.victoriaplc.com 
 LSE: Premium Listing 
 Ticker: VCP.L 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRUVRORUVAAAUR

Victoria (LSE:VCP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Victoria (LSE:VCP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024