TIDMVCP

Victoria PLC

07 February 2019

 
 For Immediate Release   7 February 2019

Victoria PLC

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

Significant gain on sale of surplus land in Kidderminster

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce that, following change of planning consent to housing, the Company has sold its former sports ground in Kidderminster that had remained unutilised for more than 20 years.

The site, located a mile from Victoria's Head Office in Kidderminster, had a net book value of GBP100,000. The site was sold on 6 February 2019 with planning permission for housing for GBP2,000,000.

For more information contact:

 
 Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Philippe Hamers, Group Chief Executive 
  Michael Scott, Group Finance Director                +44 (0) 15 6274 9610 
 Cantor Fitzgerald Europe (Nomad and broker) 
  Rick Thompson, Phil Davies, Will Goode (Corporate 
  Finance) 
  Caspar Shand-Kydd (Sales), Andrew Keith 
  (Equity Sales)                                       +44 (0) 20 7894 7000 
 Berenberg (joint broker) 
  Ben Wright, Mark Whitmore, Laura Fine (Corporate 
  Broking)                                             +44 (0) 20 3207 7800 
 Buchanan Communications 
  Charles Ryland, Vicky Hayns, Maddie Seacombe, 
  Tilly Abraham                                       +44 (0) 20 7466 5000

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

NRAEAPAKEEPNEFF

(END) Dow Jones Newswires

February 07, 2019 02:00 ET (07:00 GMT)

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