Share Name Share Symbol Market Type Share ISIN Share Description
Victoria Plc LSE:VCP London Ordinary Share GB00BZC0LC10 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.3% 670.00 650.00 680.00 680.00 665.00 680.00 22,364 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 574.4 -3.7 -6.4 - 838

Victoria PLC Completion of Share Buyback

18/11/2020 1:00pm

UK Regulatory (RNS & others)

Victoria (LSE:VCP)
Historical Stock Chart

From Oct 2020 to Jan 2021

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RNS Number : 7600F

Victoria PLC

18 November 2020

18 November 2020

Victoria PLC

('Victoria', or the 'Company')

Completion of Share Buyback

Transaction in Own Shares, Total Voting Rights and Board Shareholdings

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that it has completed the off-market purchase of 8,546,095 ordinary 5p shares at 350 pence per share. These shares, representing approximately 6.82 per cent. of the Company's current issued ordinary share capital, have today been transferred into treasury.

The total number of ordinary 5p treasury shares now held in treasury is 8,546,095.

As a result of the above, the total number of ordinary 5p shares in issue at the date of this notice is 116,851,909 (excluding the shares held in treasury). The figure of 116,851,909 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 Rules.

The Company also announces that The Spruce House Partnership LP has completed its previously announced off-market purchase of 3,600,000 ordinary shares at 350 pence per share. Zachary Sternberg, non-executive director, has an indirect beneficial interest in the Company via The Spruce House Partnership LP shareholding.

Finally, the Company advises that, further to today's transfer into treasury of 8,546,095 ordinary 5p shares, the following Directors have increased their interest in Victoria's issued share capital as set out below:

 Name                    Position                  No. of Ordinary   Percentage of 
                                                    Shares            Issued Share Capital 
 Geoff Wilding(1)        Executive Chairman        22,438,650        19.20% 
                        ------------------------  ----------------  ---------------------- 
                         Chief Executive 
 Philippe Hamers          Officer                  185,000           0.16% 
                        ------------------------  ----------------  ---------------------- 
 Michael Scott           Group Finance Director    416,726           0.36% 
                        ------------------------  ----------------  ---------------------- 
 Gavin Petken            Non-Executive Director    8,016             0.01% 
                        ------------------------  ----------------  ---------------------- 
 Andrew Harrison         Non-Executive Director    207,725           0.18% 
                        ------------------------  ----------------  ---------------------- 
 Zachary Sternberg(2)    Non-Executive Director    22,170,000        18.97% 
                        ------------------------  ----------------  ---------------------- 

1. Geoff Wilding and his family are discretionary beneficiaries of the Camden Trust which in turn owns Camden Holdings Limited. Camden Holdings Limited is the owner of the above shareholding of 22,438,650 ordinary shares and as a result Mr. Wilding is the beneficial owner of this shareholding.

2. Zachary Sternberg has an indirect beneficial interest in the Company via The Spruce House Partnership LP shareholding.

For more information contact:Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Philippe Hamers, Group Chief Executive 
  Michael Scott, Group Finance Director       +44 (0) 1562 749 610 
 N+1 Singer (Nominated Adviser and Joint 
  Rick Thompson, Phil Davies, Alex Bond       +44 (0) 207 496 3095 
 Berenberg (Joint Broker) 
  Ben Wright, Mark Whitmore 
  Peel Hunt (Joint Broker) 
  Adrian Trimmings, Andrew Clark              +44 (0) 203 207 7800 
  Buchanan Communications (Financial PR)       +44 (0) 207 418 8900 
  Charles Ryland, Chris Lane, Tilly Abraham    +44 (0) 20 7466 5000 

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, 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 and Australia and employs approximately 3,400 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

The Group'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,

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(END) Dow Jones Newswires

November 18, 2020 08:00 ET (13:00 GMT)

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