VCP Victoria Plc

TIDMVCP

RNS Number : 7939W

Victoria PLC

24 December 2021

For Immediate Release 24 December 2021

Victoria PLC

('Victoria' or the 'Group')

Posting of Circular and Notice of General Meeting

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, announces that it has signed an Investment Agreement with KED Victoria Investments LLC, an affiliate of Koch Equity Development LLC, in respect of the Follow-on Preferred Investment which was announced on 29 November 2021.

The issue of the Preferred Shares in connection with the Follow-on Preferred Investment is conditional upon the approval of the Company's Shareholders and a circular (the "Circular") has today been posted which contains notice of a general meeting ("General Meeting") to be held at 12.00 p.m. on 13 January 2022 at the offices of Victoria P.L.C. at Worcester Road, Kidderminster, Worcestershire, DY10 1JR.

In running the General Meeting, the Board's priority remains to safeguard the wellbeing of its colleagues, shareholders and wider communities and will take all necessary and appropriate precautions to ensure their safety. Given the Government's current Covid-19 guidance, the Board is asking that shareholders do not attend the meeting's physical venue. Shareholders will not receive a hard copy Form of Proxy for the General Meeting in the post and instead, will be able to vote electronically. Further details are set out in the Circular and a copy can be found on the Company's website at www.victoriaplc.com.

Capitalised terms not otherwise defined in the text of this announcement have the meanings given 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 
 
  Singer Capital Markets (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, Vicky Hayns, 
  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, the United 
  States and Australia and employs approximately 
  4,000 people across more than 26 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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December 24, 2021 06:35 ET (11:35 GMT)

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