VCP Victoria Plc

TIDMVCP

RNS Number : 8216H

Victoria PLC

05 August 2019

For Immediate Release 05 August 2019

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')

Response to Press Speculation

The Board of Victoria PLC (the "Company") (LSE: VCP) the international flooring designers, manufacturers and distributors, notes the recent press speculation that it is in discussions regarding the potential acquisition of Spanish ceramics manufacturer, Ibero Porcel nico (the "Potential Acquisition").

The Board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties. The Board can confirm that it is evaluating a number of opportunities including this one.

In the event that the Potential Acquisition were to proceed it would be financed from the Company's existing resources and be both leverage neutral and earnings enhancing. It would not be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.

A further announcement will be made in due course as appropriate.

 
                                 - Ends - 
 
                       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 
                             and Joint Broker) 
                   Rick Thompson, Phil Davies, Will Goode 
                            (Corporate Finance) 
                  Caspar Shand Kydd, Andrew Keith (Equity 
  Sales)                                              +44 (0) 20 7894 7000 
                         Berenberg (Joint Broker) 
              Ben Wright, Mark Whitmore, Laure Fine (Corporate 
  Broking)                                           +44 (0) 203 207 7800 
 
                   Buchanan Communications (Financial PR) 
  Charles Ryland, Victoria Hayns, 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

RSPUSVKRKRAWRAR

(END) Dow Jones Newswires

August 05, 2019 02:00 ET (06:00 GMT)

Victoria (LSE:VCP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Victoria (LSE:VCP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024