Grant of Options

RNS Number : 6353V
Victoria PLC
11 August 2022
 

For Immediate Release     11 August 2022

Victoria PLC

('Victoria' or the 'Group')

2022 Long Term Incentive Plan

 

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring today announces that as part of the Group's 2022 Long Term Incentive Plan, options to subscribe for 375,000 ordinary shares of 5 pence each in the Group at an exercise price of £7.00 have been granted to Philippe Hamers, Chief Executive.

 

The options will vest equally over a four year period from 4 April 2022 to 4 April 2025 (such that one quarter of the options were vested when they were granted) as long as Mr Hamers remains employed by the Group, and may be exercised up until the tenth anniversary of the date that the options were granted, being 10 August 2022.

 

 

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

 

Buchanan Communications (Financial PR)

Charles Ryland, Chris Lane, Jack Devoy

+44 (0) 203 207 7800

 

+44 (0) 207 418 8900

 

+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, Turkey, 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.)


 



 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a. 

Name

Philippe Hamers

2. 

Reason for the notification

a. 

Position/status

Chief Executive Officer

a. 

Initial notification

/Amendment

Initial notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a. 

Name

Victoria plc

b. 

LEI

LEI 2138002K6ECECHVCQN25

4. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a. 

Description of the Financial instrument, type of instrument

Identification code

Grant of options to subscribe for Ordinary shares of 5 pence each in Victoria plc

 

GB00BZC0LC10

b. 

Nature of the transaction

LTIP Share Scheme

c. 

Price(s) and volume(s)

Price (s)


Volume (s)

£7.00


375,000



 

d. 

Aggregated information

· Aggregated volume

· Price 

N/A - single transaction

e. 

Date of the transaction

10 August 2022

f. 

Place of the transaction

Outside a trading venue

 

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Companies

Victoria (VCP)
UK 100

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