Exercise of LTIP Share Options

RNS Number : 9731S

Victoria PLC

15 March 2023

 

Victoria PLC

('Victoria' or the 'Company')

Exercise of LTIP Share Options

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, announces that a total of 9,437 share options have been exercised by employees of the Company pursuant to the Victoria PLC 2020 Long Term Incentive Plan ("the LTIP Options") at an exercise price of 5 pence per Ordinary Share.

Accordingly, the Company has transferred 9,437 Ordinary Shares previously held in treasury to satisfy the exercise of the LTIP Options. As a result, the Company holds 10,454,248 of its Ordinary Shares in treasury and has 115,010,419 Ordinary Shares in issue (excluding treasury shares). This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency.

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Brian Morgan, Chief Financial Officer		www.victoriaplc.com/investors-welcome Via Walbrook PR
Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, James Fischer		[phone]
Berenberg (Joint Broker) Ben Wright, Richard Bootle		[phone]
Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark		[phone]
Walbrook PR (Media & Investor Relations) Paul McManus, Lianne Applegarth, Alice Woodings	[phone] or [e-mail] [phone] / +44 ( 0)7584 391 303  / [phone]

About Victoria PLC ( www.victoriaplc.com )

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 Company, 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, Germany, Turkey, the USA, and Australia and employs approximately 6,500 people across 31 sites. Victoria is Europe's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

The Company'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.

 

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