Result of General Meeting / Directorate Change

RNS Number : 8415N

Victoria PLC

03 October 2012

 



Victoria PLC

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

Result of General Meeting / Directorate Change

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that, at the General Meeting held today all resolutions were duly passed.

The resolutions were put to the meeting on a poll and the results of the poll were as follows:

Resolution	For	Against	Withheld
1.  Removal of Katherine Innes Ker as a director of the Company;	3,789,768	1,719,259	554
2.  Appointment of Alexander Anton as a director of the Company;	3,654,393	1,854,823	365
3.  Removal of David Garman as a director of the Company;	3,648,232	1,860,795	554
4.  Appointment of Geoffrey Wilding as a director of the Company;	3,535,736	1,709,980	263,865
5.  Appointment of Andrew Harrison as a director of the Company;	3,654,732	1,849,295	554

Accordingly, with immediate effect, the Board comprises Geoff Wilding, Executive Chairman, and Alexander Anton and Andrew Harrison, non-executive directors.  Katherine Innes Ker and David Garman were removed as Directors at the meeting.  Further details on the directors are set out below in Annex A.

- Ends -

For more information contact:

Victoria PLC Geoff Wilding	[phone]
Seymour Pierce Jonathan Wright (Corporate finance) Tom Sheldon  (Corporate finance) Richard Redmayne (Corporate broking) Jacqui Briscoe (Corporate broking)	[phone]
MHP Nick Denton                                          Vicky Watkins	[phone] [phone]

Annex A

Geoffrey Wilding is a former investment banker resident in England. He set up his own investment company in New Zealand in 1989 and has established a track record of creating value for shareholders, having developed and grown a number of substantial companies over the last 20 years. He sold his most recent company in a A$220 million (£150 million) transaction to a private equity firm.  Geoff is a shareholder in Flooring Brands Limited, one of Australasia's largest carpet retailers with sales of more than A$200 million (£136 million) and a major customer of Victoria Carpets in Australia. Geoff sat on the Board of the Company between March and August 2012. 

Alexander Anton, a member of the founding family of Victoria PLC, was appointed to the main board of the Company in 1995 and became Chairman in 2007, stepping down voluntarily in 2010 as a result of a disagreement among the then members of the Board about strategy.  In addition to his extensive knowledge of the business, he has a track record of growing successful businesses and is currently Chairman of Legacy Portfolio, which last year successfully managed £150 million of liabilities for its clients.  He was formerly Chairman of The Queen's Club, leading the successful £35 million Members' bid to acquire the club from the Lawn Tennis Association in May 2007

Andrew Harrison has more than 20 years' experience as a solicitor in private practice, specialising in company law.  He has advised on a wide variety of corporate transactions, including management buy-outs and buy-ins, corporate acquisitions and disposals and listed company take-overs. He has advised individuals, finance houses, public companies, and multinational corporations.

There are no other matters which require to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules.

 

END

 

 

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