Victoria PLC Board Change (1409B)

TIDMVCP

RNS Number : 1409B

Victoria PLC

05 June 2019

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

5 June 2019

Victoria PLC

('Victoria' or the 'Company')

Board Change

The Board of Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, announces that after 32 years of service to the Company, Alexander Anton is retiring from the board as a Non-Executive Director at the end of the Board Meeting on 5 June 2019, in order to focus on his other business interests.

Geoff Wilding, Executive Chairman of Victoria plc, commented:

"Alexander has given many years of valued service to Victoria but he has become increasingly busy with other business commitments. Following the recent successful IPO of Summerway Capital PLC, where Alexander is Executive Chairman and a significant shareholder, he felt it was the right time to step down. On behalf of the shareholders and myself I would like to express our sincere gratitude for all his work and steadfast support".

Mr Anton said:

"My family and I are significant shareholders in Victoria and intend to remain so indefinitely. The Company is executing consistently on its proven strategy, which will continue to create wealth for its shareholders."

Ends -

For more information contact:

 
Victoria PLC 
 Geoff Wilding, Executive Chairman 
 Philippe Hamers, Group Chief Executive 
 Michael Scott, Group Finance Director              [phone] 
 
  Cantor Fitzgerald Europe (Nominated Adviser 
  and Joint Broker) 
  Rick Thompson, Phil Davies, Will Goode 
  (Corporate Finance) 
  Caspar Shand Kydd, Andrew Keith (Equity 
  Sales)                                              [phone] 
Berenberg (Joint Broker) 
 Ben Wright, Mark Whitmore, Laure Fine (Corporate 
 Broking) 
                                                    [phone] 
 Buchanan Communications (Financial PR) 
 Charles Ryland, Maddie Seacombe, Tilly 
 Abraham                                             [phone] 
 

About Victoria

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 Group, which is headquartered in Kidderminster, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), ceramic tiles, artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands and Australia and employs approximately 3,000 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia.

The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings per share via acquisitions and sustainable organic growth.

The Group's trading subsidiaries, as set out segmentally, include:

 
 UK & Europe:              A. & A. Carpets Ltd, Abingdon Flooring Ltd, Alliance 
                            Distribution Ltd, Avalon B.V, Ceramica Saloni, S.A, 
                            Ceramiche Serra S.p.A., Distinctive Flooring Ltd, 
                            Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben 
                            Grupo S.A., Millennium Weavers N.V, S.L.U., Sanicova, 
                            S.L., Victoria Carpets Ltd, View Logistics Ltd, 
                            Westex (Carpets) Ltd, 
 Australia:                Primary Flooring Pty Ltd, Quest Flooring Pty Ltd, 
                            The Victoria Carpet Co. Pty Ltd 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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June 05, 2019 02:01 ET (06:01 GMT)