Victoria PLC Exercise of LTIP Share Options (9731S)

TIDMVCP

RNS Number : 9731S

Victoria PLC

15 March 2023

Victoria PLC

('Victoria' or the 'Company')

Exercise of LTIP Share Options

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, announces that a total of 9,437 share options have been exercised by employees of the Company pursuant to the Victoria PLC 2020 Long Term Incentive Plan ("the LTIP Options") at an exercise price of 5 pence per Ordinary Share.

Accordingly, the Company has transferred 9,437 Ordinary Shares previously held in treasury to satisfy the exercise of the LTIP Options. As a result, the Company holds 10,454,248 of its Ordinary Shares in treasury and has 115,010,419 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                                           www.victoriaplc.com/investors-welcome 
   Geoff Wilding, Executive Chairman                                           Via Walbrook PR 
   Philippe Hamers, Group Chief Executive 
   Brian Morgan, Chief Financial Officer 
  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) 
   Adrian Trimmings, Andrew Clark                                          [phone] 
  Walbrook PR (Media & Investor Relations)      [phone] or [e-mail] 
   Paul McManus, Lianne Applegarth,                         [phone] / +44 ( 0)7584 
   Alice Woodings                                                                    391 303 / 
                                                                          [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 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, Germany, Turkey, the USA, and Australia and employs approximately 6,500 people across 31 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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCNKQBQOBKDFND

(END) Dow Jones Newswires

March 15, 2023 03:00 ET (07:00 GMT)