Purchase of Own Shares

RNS Number : 2256H
Victoria PLC
05 April 2022
 

For Immediate Release    5 April 2022  

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. 

 

Victoria PLC

('Victoria' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 20,000 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 876.49 pence per share (the "Share Purchase") pursuant to  the authorities obtained at the Company's last annual general meeting to make market purchases up to a maximum aggregate of 11,685,190 Ordinary Shares. The Share Purchase is being funded from excess cash. 

 

Aggregated information:

Date of purchase

4 April 2022

Number of Ordinary Shares purchased

20,000

Highest price paid per share

878.00p

Lowest price paid per share

872.96p

Volume weighted average price paid

876.49p

 

Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018), a detailed breakdown of individual trades is available below:

Number of Ordinary Shares purchased

Transaction price (GBp)

Time of transaction

Trading venue

14,000

878.00p

14:57:11

AIMX

6,000

872.96p

11:08:25

AIMX

 

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 8,641,435 of its Ordinary Shares in treasury and has 116,823,232 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

 

The person responsible for arranging the release of this announcement on behalf of the Company is Michael Scott, Group Finance Director.

 

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, Tejas Padalkar

 

Peel Hunt (Joint Broker)

Adrian Trimmings, Andrew Clark

 

Buchanan Communications (Financial PR)

Charles Ryland, Chris Lane, Vicky Hayns, Tilly Abraham

+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 USA, and Australia and employs approximately 4,500 people across more than 27 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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Companies

Victoria (VCP)
UK 100

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