VCP Victoria Plc

TIDMVCP

RNS Number : 9829W

Victoria PLC

06 August 2018

6 August 2018

For Immediate Release

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Victoria PLC

('Victoria', the 'Company', or the 'Group')

Sale of Existing Ordinary Shares

Victoria PLC, (AIM: VCP), the international designers, manufacturers and distributors of innovative floor coverings, announces that to help satisfy excess institutional demand, Camden Holdings Limited ("Camden") has today sold 5 million existing ordinary shares of 5 pence each, representing 4.23 per cent. of Victoria's current issued share capital, at 827 pence per share.

Camden is a company owned by The Camden Trust of which Geoff Wilding, the Chairman of Victoria, is the settlor and a discretionary beneficiary. Following the sale, Geoff Wilding remains beneficially interested in 21,438,650 ordinary shares, which represents 18.16 per cent. of the current issued share capital of the Company.

Geoff Wilding, Chairman of Victoria PLC commented:

"The equity placing, which closed earlier today, was significantly oversubscribed and I subsequently agreed to the share sale in order to meet continuing institutional demand, improve the liquidity of Victoria's shares and to further build the company's shareholder base. I remain a substantial shareholder in Victoria with more than 21 million shares and, given this fact, shareholders can be assured I remain wholly committed to Victoria's mission: 'to create wealth for our shareholders'. I will not be selling any further shares for the foreseeable future."

- Ends -

For more information contact:

Victoria PLC +44 (0) 1562 749 300

Geoff Wilding, Chairman

Philippe Hamers, Chief Executive

Michael Scott, Group Finance Director

Cantor Fitzgerald Europe +44 (0) 20 7894 7000

(Nominated Adviser & Broker)

Rick Thompson, Phil Davies, Will Goode (Corporate Finance)

Caspar Shand-Kydd, Andrew Keith (Equity Sales)

Berenberg +44 (0) 20 3207 7800

(Joint Broker)

Ben Wright, Mark Whitmore, Laura Fine (Corporate Broking)

Buchanan Communications +44 (0) 20 7466 5000

Charles Ryland, Madeline Seacombe, Tilly Abraham

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                   Geoff Wilding (via Camden Holdings 
                              Limited) 
---  ---------------------  ----------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status        Executive Chairman 
---  ---------------------  ----------------------------------- 
 b)   Initial notification   Initial Notification 
       / Amendment 
---  ---------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                   Victoria plc 
---  ---------------------  ----------------------------------- 
 b)   LEI                    2138002K6ECECHVCQN25 
---  ---------------------  ----------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description            Ordinary shares of 5 pence each 
       of the financial 
       instrument, 
       type of instrument     ISIN: GB00BZC0LC10 
 
       Identification 
       code: 
---  ---------------------  ----------------------------------- 
 b)   Nature of              Sale of Existing Ordinary Shares 
       the transaction 
---  ---------------------  ----------------------------------- 
 c)   Price(s)                Price      Volume 
       and volume(s)           GBP8.27    5,000,000 
---  ---------------------  ----------------------------------- 
 d)   Aggregated              Price(s)    Aggregated 
       information                          volume 
                               GBP8.27     5,000,000 
---  ---------------------  ----------------------------------- 
 e)   Date of the            06 August 2018 
       transaction 
---  ---------------------  ----------------------------------- 
 f)   Place of               London Stock Exchange, AIM 
       the transaction 
---  ---------------------  ----------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 06, 2018 13:00 ET (17:00 GMT)

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