Completion of Belgium property sale

Victoria PLC

14 July 2026

 

Victoria PLC

('Victoria' or the 'Company')

Completion of €34.4 million Sale and Leaseback of Belgian Distribution Centre

Victoria PLC (LSE: VCP), the international designer, manufacturer and distributor of innovative flooring, is pleased to confirm completion of the €34.4 million sale and lease back of its Belgian distribution centre to Avantage Property Holding BV. The consideration compares to a net book value of €5.6m as at 31 January 2026 and existing tax losses will be utilised to mitigate capital gains tax.

The relocation of the majority of Balta Rug's production to Turkey is well advanced, with finalisation of this very substantial project expected during Q3 FY2027. The distribution centre will remain the key European distribution hub for Balta Rugs.

Alongside two additional surplus property disposals that are in process, the proceeds are expected to fully fund the exceptional costs and capital expenditure associated with the transfer of manufacturing to Turkey.

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman Alec Pratt, Chief Financial Officer	www.victoriaplc.com/investors-welcome                                                       Via Edelman Smithfield PR
Singer Capital Markets (Nominated Adviser and Joint Broker) Shaun Dobson, James Fischer	[phone]
Berenberg (Joint Broker) Ben Wright, Harry Nicholas, Tom Ballard	[phone]
Edelman Smithfield (Investor Relations)    Alex Simmons	[phone]

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 more than 5,000 people across more than 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.

 

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