Purchase of Own Shares

Victoria PLC
14 March 2024
 

For Immediate Release                                                                          14 March 2024

 

Victoria PLC

('Victoria', the 'Company' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 300,000 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 229.3542 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 of 17,251,562 Ordinary Shares.

 

Aggregated information:

Date of purchase

13 March 2024

Number of Ordinary Shares purchased

300,000

Highest price paid per share

236.50p

Lowest price paid per share

223.50p

Volume weighted average price paid

229.35p

 

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

50,000

225.00p

08:08:25

AIMX

50,000

236.50p

08:18:47

AIMX

50,000

235.00p

09:24:24

AIMX

50,000

230.00p

10:45:00

AIMX

12,500

223.50p

12:45:16

AIMX

37,500

225.00p

12:54:42

AIMX

50,000

225.00p

15:54:39

AIMX

 

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 10,385,794 of its Ordinary Shares in treasury and has 115,078,873 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

 

+44 (0)20 7496 3095 

 

Berenberg (Joint Broker)

Ben Wright, Richard Bootle

 

+44 (0)20 3207 7800

 

 

 

Peel Hunt (Joint Broker)

Adrian Trimmings, Andrew Clark

 

+44 (0)20 7418 8900

 

Walbrook PR (Media & Investor Relations)

Paul McManus, Alice Woodings

 

+44 (0)20 7933 8780 or victoria@walbrookpr.com

+44 (0)7980 541 893 / +44 (0)7407 804 654

 


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 Worcester, 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 6,750 people across 30 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. (Further information about Victoria can be found on its website, www.victoriaplc.com.)

 

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END
 
 

Companies

Victoria (VCP)
UK 100

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