Victoria PLC Termination of the Contract for Differences (5863N)
29 Julho 2014 - 4:30AM
UK Regulatory
TIDMVCP
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 +44 (0) 15 6274
Geoff Wilding 9300
Cantor Fitzgerald Europe
Rick Thompson, David Foreman (Corporate
finance) +44 (0) 20 7894
Richard Redmayne (Corporate broking) 7000
MHP
Nick Denton +44 (0) 20 3128
Vicky Watkins 8100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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