Victoria PLC Issue of Equity - Retailer Incentivisation Plan (1433M)

TIDMVCP

RNS Number : 1433M

Victoria PLC

10 October 2016

10 October 2016

Victoria PLC

('Victoria' or the 'Company')

Issue of Equity - Retailer Incentivisation Plan

The Board of Victoria PLC (the "Company") (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces the issue of 1,491 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") to certain retail customers of the Group's subsidiary Victoria Carpets Limited. This is the ninth share issue under the plan which was established in July 2014 to recognise and reward retailers' support of Victoria's products. Shares will be issued to qualifying retailers on a quarterly basis. The new shares were issued at the closing market price on 7 October 2016 of GBP3.355 per Ordinary Share. The shares are expected to be admitted to trading on the AIM Market of the London Stock Exchange on 14 October 2016 ("Admission").

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. Following Admission, the Company's total issued share capital will comprise 90,969,396 Ordinary Shares. This number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For more information contact:

 
 Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Michael Scott, Group Finance         +44 (0) 15 
  Director                              6274 9300 
  Cantor Fitzgerald Europe 
   Rick Thompson, Phil Davies, 
   Michael Reynolds (Corporate          +44 (0) 20 
   Finance)                              7894 7000 
 Buchanan Communications               +44 (0) 20 
  Charles Ryland, Jane Glover           7466 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEEAAEEFSLKFFF

(END) Dow Jones Newswires

October 10, 2016 08:55 ET (12:55 GMT)