Issue of Equity - Retailer Incentivisation Plan

RNS Number : 6724J

Victoria PLC

09 April 2015

 

9 April 2015

Victoria PLC

('Victoria' or the 'Company')

Issue of Equity - Retailer Incentivisation Plan

Victoria PLC, (LSE: VCP) a manufacturer, supplier and distributor of design-led carpets and floorcoverings, announces the issue of 899 new ordinary shares of 25 pence each in the Company ("Ordinary Shares") to certain retail customers of the Group's subsidiary Victoria Carpets Limited. This is the third share issue under the plan which was established in July 2014 to recognise and reward retailers' support of Victoria's products. Shares will be issued to qualifying retailers on a quarterly basis.  The new shares were issued at the closing market price on 2 April 2015 of 730 pence per Ordinary Share. The shares are expected to be admitted to trading on the AIM Market of the London Stock Exchange on 14 April 2015 ("Admission"). 

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission, the Company's total issued share capital will comprise 14,557,478 Ordinary Shares. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For more information contact:

Victoria PLC Geoff Wilding	[phone]
Cantor Fitzgerald Europe Rick Thompson, David Foreman, Michael Reynolds (Corporate Finance) David Banks, Tessa Sillars (Corporate Broking)	[phone]
MHP Nick Denton	[phone]

 

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