Victoria PLC Directorate Change (6709J)
09 Agosto 2012 - 5:15AM
UK Regulatory
TIDMVCP
RNS Number : 6709J
Victoria PLC
09 August 2012
Victoria PLC
('Victoria,' the 'Company,' or the 'Group')
Directorate change
Victoria PLC, (LSE: VCP) the international designers,
manufacturers and distributors of innovative floorcoverings,
announces that, with immediate effect, Sir Bryan Nicholson, a
non-executive director, has resigned from the Company's Board of
Directors.
As announced yesterday, significant differences arose between
Sir Bryan, Alexander Anton and Geoff Wilding, both of whom resigned
yesterday, and the rest of the Board in relation to the execution
of the Company's strategy in circumstances where Sir Bryan, Mr.
Anton and Mr. Wilding expected a significant financial interest in
its outcome.
Victoria's Chairman, Katherine Innes Ker, said: "The resignation
of the three non-executive directors enables the Company to move
forward with its strategy of maximising returns for all
shareholders."
"We will continue developing the Group's Australian and UK
businesses through sales growth, margin enhancement and a shift
towards a distribution based business from its historic
manufacturing and supply model. Corporate M&A activity will
also be considered where there are opportunities to generate
accelerated returns to shareholders."
- Ends -
For more information contact:
Victoria PLC
Katherine Innes Ker, Chairman
Alan Bullock, Group Managing Director +44 (0) 15 6274 9300
Seymour Pierce
Jonathan Wright (Corporate finance)
Tom Sheldon (Corporate finance)
Richard Redmayne (Corporate broking)
Jacqui Briscoe (Corporate broking) +44 (0) 20 7107 8000
Pelham Bell Pottinger
Olly Scott +44 (0) 20 7861 3891
This information is provided by RNS
The company news service from the London Stock Exchange
END
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