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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 2.16% | 236.00 | 230.50 | 236.50 | 236.00 | 230.00 | 235.00 | 3,760 | 08:20:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Carpets And Rugs | 1.48B | -91.8M | -0.7982 | -2.89 | 265.67M |
From Apr 2019 to Apr 2024
TIDMVCP
RNS Number : 4763X
Victoria PLC
30 April 2019
For Immediate Release 30 April 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.
Victoria PLC
('Victoria' or the 'Group')
New Long-Term Debt Finance
The Board of Victoria, the international designers, manufacturers, and distributors of innovative flooring, is pleased to announce that it has agreed new debt financing, which provides the Group with committed long-term funding for five years to 2024 (the "Commitment") to replace the Group's existing EUR445m debt facilities.
The Commitment has been provided by Credit Suisse, working alongside the Group's existing banks, who continue to provide funding to the business.
Geoff Wilding, Chairman of Victoria PLC, commented:
"We are pleased to have secured such an attractive new financing commitment, which provides the Group with long-term financing certainty and strategic flexibility to continue to execute its growth strategy. The Board has been evaluating a number of alternative debt finance proposals in recent months and has chosen this option due to the improved combination of pricing, covenant flexibility, duration, and access to additional funding to support further growth."
For more information contact:
Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director +44 (0) 15 6274 9610 Cantor Fitzgerald Europe (Nomad and Joint Broker) Rick Thompson, Phil Davies, Will Goode (Corporate Finance) Caspar Shand-Kydd (Sales), Andrew Keith (Equity Sales) +44 (0) 20 7894 7000 Berenberg (Joint Broker) Ben Wright, Mark Whitmore, Laura Fine (Corporate Broking) +44 (0) 20 3207 7800 Buchanan Communications Charles Ryland, Vicky Hayns, Maddie Seacombe, Tilly Abraham +44 (0) 207 466 5000
The person responsible for arranging the release of this information is Michael Scott Group Finance Director of the Company.
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 rns@lseg.com or visit www.rns.com.
END
MSCPGUWCCUPBPUB
(END) Dow Jones Newswires
April 30, 2019 02:01 ET (06:01 GMT)
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