TIDMVCP
RNS Number : 9596W
Victoria PLC
06 August 2018
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF
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INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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THE SAME WOULD BE UNLAWFUL.
6 August 2018
Victoria PLC
("Victoria", the "Company", or the "Group")
Results of Placing
The Board of Victoria (LSE: VCP), the international designers,
manufacturers and distributors of innovative floorcoverings, is
pleased to announce the result of the bookbuild announced earlier
today.
A total of 7,314,626 new Ordinary Shares in the Company have
been conditionally placed by Cantor Fitzgerald Europe and Berenberg
at a price of 827 pence per share (the "Placing Price") (consisting
of 6,250,000 "Vendor Placing Shares" and 1,064,626 "Firm Placing
Shares") raising gross proceeds of approximately GBP60.5
million.
The Placing Shares will represent approximately 5.83 per cent.
of the existing Ordinary Shares.
Admission
Pursuant to the Vendor Placing and Firm Placing, Application has
been made for the 7,314,626 new Ordinary Shares to be admitted to
trading on AIM. Dealings in these new Ordinary Shares are expected
to commence on 7 August 2018.
Geoff Wilding, Chairman of Victoria, commented
We are delighted by the level of support we have received from
both existing and new investors, with the placing oversubscribed by
a multiple of the funds sought."
Total Voting Rights
Following the issue of the Vendor Placing Shares and Firm
Placing Shares, the Company's issued share capital will comprise
125,398,004 Ordinary Shares. The total number of voting rights in
the Company will be 125,398,004. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company
under the Disclosure Guidance and Transparency Rules of the
Financial Conduct Authority.
All capitalised terms in this announcement are as defined in the
Company's announcement released at 7.00 a.m. this morning.
For more information contact:
Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director +44 (0) 1562 749 300
Cantor Fitzgerald Europe (Nominated Adviser,
Joint
Bookrunner and Broker)
Rick Thompson, Phil Davies, Will Goode
(Corporate Finance)
Caspar Shand Kydd, Andrew Keith (Equity
Sales) +44 (0) 20 7894 7000
Berenberg (Joint Bookrunner and Broker)
Ben Wright, Mark Whitmore, Laure Fine (Corporate
Broking)
+44 (0) 203 207 7800
Buchanan Communications (Financial PR)
Charles Ryland, Madeline Seacombe, Tilly
Abraham +44 (0) 20 7466 5000
About Victoria
Established in 1895 and listed since 1963 and on AIM since 2013
(VCP.L), Victoria PLC, is an international manufacturer and
distributor of innovative flooring products. The Group, which is
headquartered in Kidderminster, designs, manufactures and
distributes a range of carpet, underlay, LVT (luxury vinyl tile),
ceramic tiles, artificial grass and flooring accessories. Victoria
has operations in the UK, Spain, Italy, Belgium, the Netherlands
and Australia and employs approximately 2,500 people across more
than 20 sites. Victoria is the UK's largest carpet manufacturer and
the second largest in Australia.
The Group's strategy is designed to create value for its
shareholders and is focused on consistently increasing earnings per
share via acquisitions and sustainable organic growth.
The Group's trading subsidiaries, as set out segmentally,
include:
UK & Europe: Abingdon Flooring Ltd, Alliance Distribution Ltd,
Avalon B.V, Ceramiche Serra S.p.A., Distinctive
Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor
Ltd, Keraben Grupo S.A., Millennium Weavers N.V,
Victoria Carpets Ltd, View Logistics Ltd, Westex
(Carpets) Ltd, A. & A. Carpets Ltd
Australia: Quest Flooring Pty Ltd, Primary Flooring Pty Ltd,
The Victoria Carpet Co. Pty Ltd
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END
ROIUNUORWWAWRAR
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August 06, 2018 09:32 ET (13:32 GMT)
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