Victoria PLC Purchase of Own Shares

RNS Number : 4012J

Victoria PLC

05 April 2024

 

For Immediate Release                                                                          05 April 2024

 

Victoria PLC

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

Purchase of Own Shares

The Company announces that it has purchased 50,000 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 263 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	04 April 2024
Number of Ordinary Shares purchased	50,000
Highest price paid per share	263p
Lowest price paid per share	263p
Volume weighted average price paid	263p

 

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	263p	15:02:12	AIMX

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 11,646,794 of its Ordinary Shares in treasury and has 113,817,873 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   [phone]    Berenberg (Joint Broker) Ben Wright, Richard Bootle   [phone]       Peel Hunt (Joint Broker) Andrew Clark   [phone]   Walbrook PR (Media & Investor Relations) Paul McManus, Alice Woodings   [phone] or [e-mail] [phone] / [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 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

 

 

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