Refinancing Transaction Update

Victoria PLC

21 July 2026

 

21 July 2026

This announcement contains inside information relating to Victoria plc and its securities for the purposes of article 7 of the Market Abuse Regulation (596/2014/EU) as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 ("EUWA") and as modified by or under the EUWA or other domestic law, including but not limited to the Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310) ("UK MAR").

 

Victoria PLC

("Victoria" or the "Company")

Refinancing Transaction Update:

Confirmation that holders of over 75% of 2028 SSNs support the transaction

 

Further to its announcement on 8 July 2026, Victoria PLC (LSE: VCP), the international flooring group, is pleased to confirm that holders representing over 75% of its outstanding €166.6 million 3.75% senior secured notes due March 2028 (the "2028 SSNs") have acceded to the Transaction Support Agreement, meeting the necessary threshold required to implement it by way of a scheme of arrangement under Part 26 of the Companies Act 2006.

Geoff Wilding, Executive Chairman, said:

"We are delighted to receive overwhelming support so quickly for the transaction from the 2028 bondholders, which secures a route to implementation. We will complete the refinancing as soon as possible as the Company continues to focus on executing operational improvements alongside the cost savings, deleveraging, and extended runway provided by the transaction."

Capitalised terms used but not defined in this announcement have the meanings given to them in the announcement dated 8 July 2026.

Victoria PLC is advised by Lazard & Co. Limited as financial adviser, Latham & Watkins LLP and Brown Rudnick LLP as legal advisers in connection with the Refinancing Transaction.

Cautionary Statement

This announcement and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities in the United States of America or in any other jurisdiction.

This press release does not constitute or form part of and should not be construed as (i) a tender or exchange offer for, or an offer to sell, or a solicitation of an offer to buy any securities or (ii) an offer of, an invitation to offer, or a solicitation of an offer to buy, securities for sale in the United States of America or in any other jurisdiction or an inducement to enter into investment activity. No part of this press release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.

This announcement contains inside information within the meaning of article 7 of UK MAR.

Forward Looking Statements

This announcement includes "forward-looking statements". Forward-looking statements are based on the Company's beliefs and assumptions and on information currently available to the Company, and include, without limitation, statements regarding the Company's business, financial condition, strategy, results of operations, certain of the Company's plans, objectives, assumptions, expectations, prospects and beliefs and statements regarding other future events or prospects. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believe," "expect," "plan," "intend," "seek," "anticipate," "estimate," predict," "potential," "assume," "continue," "may," "will," "should," "could," "shall," "risk" or the negative of these terms or similar expressions that are predictions of or indicate future events and future trends. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. You are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual results of operations, financial condition and liquidity and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements contained in this press release. The Company undertakes no obligation, and does not intend to update these forward-looking statements.

The person responsible for arranging the release of this announcement on behalf of the Company is Alec Pratt, Chief Financial Officer

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman  Alec Pratt, Chief Financial Officer	www.victoriaplc.com/investors-welcome Via Edelman Smithfield
Singer Capital Markets (Nominated Adviser & Joint Broker) Shaun Dobson, James Fischer	[phone]

Berenberg (Joint Broker) Ben Wright, Patrick Dolaghan	[phone]
Edelman Smithfield (Joint Investor Relations) Alex Simmons	[phone] or alex.simmons@edelmansmithfield.com

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, rugs, 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 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.

Lazard & Co., Limited ("Lazard"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively as financial adviser to Victoria and no one else in connection with the Refinancing Transaction and will not be responsible to anyone other than Victoria for providing the protections afforded to clients of Lazard nor for providing advice in relation to the Refinancing Transaction or any other matters referred to in this announcement. Neither Lazard nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard in connection with this announcement. any statement contained herein or otherwise.

 

END