Victoria PLC Posting of Circular (8399D)
30 Outubro 2020 - 3:15PM
UK Regulatory
TIDMVCP
RNS Number : 8399D
Victoria PLC
30 October 2020
For Immediate Release 30 October 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon publication of
this announcement, this information is now considered to be in the
public domain.
Victoria PLC
Posting of Circular
('Victoria', the 'Company', or the 'Group')
Victoria PLC (LSE: VCP) the international designers,
manufacturers and distributors of innovative floorcoverings,
announces that, further to the announcement on 22 October 2020
regarding the proposed GBP175 million investment from KED Victoria
Investments, LLC ("KED"), an affiliate of Koch Equity Development,
LLC ("Koch Equity Development") by way of convertible preferred
shares to be issued by Victoria (the "Preferred Equity
Investment"), the Company has signed an investment agreement with
KED and has published a circular (the "Circular") in connection
with the Preferred Equity Investment.
The Circular contains a notice convening a General Meeting of
the Company, at which certain resolutions in connection with the
Preferred Equity Investment will be put to shareholders. The
meeting will be held at Company's office at Worcester Road,
Kidderminster, Worcestershire, DY10 1JR on 16 November 2020 at
12.00 p.m.
Due to the public health guidelines issued by the UK Government
relating to COVID-19, the General Meeting will be run as a closed
meeting and shareholders will not be able to attend in person. The
Company will ensure that the legal requirements to hold the General
Meeting can be satisfied through the attendance of a minimum number
of Directors and/or employees who are Shareholders in person.
Although Shareholders are not able to attend the General Meeting in
person, shareholders are encouraged to return a form of proxy and
to vote by proxy on the Resolutions. Details of how to do this can
be found in the Circular.
The Circular and the Notice of General Meeting will also be
available for viewing on Victoria's website at
www.victoriaplc.com.
Terms used in this announcement shall have the same meaning as
those used in the Circular.
For more information contact:Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director +44 (0) 1562 749 610
N+1 Singer (Nominated Adviser and Joint
Broker)
Rick Thompson, Phil Davies, Alex Bond +44 (0) 207 496 3095
Berenberg (Joint Broker)
Ben Wright, Mark Whitmore
Peel Hunt (Joint Broker)
Adrian Trimmings, Andrew Clark +44 (0) 203 207 7800
Buchanan Communications (Financial PR) +44 (0) 207 418 8900
Charles Ryland, Chris Lane, 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, UK, designs, manufactures and
distributes a range of carpet, flooring underlay, ceramic tiles,
LVT (luxury vinyl tile), artificial grass and flooring
accessories.
Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands and Australia and employs approximately 3,400 people
across more than 20 sites. Victoria is the UK's largest carpet
manufacturer and the second largest in Australia, as well as the
largest manufacturer of underlay in both regions.
The Group's strategy is designed to create value for its
shareholders and is focused on consistently increasing earnings and
cash flow per share via acquisitions and sustainable organic
growth. (Further information about Victoria can be found on its
website, www.victoriaplc.com.)
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END
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