Victoria PLC Purchase of Own Shares (8547K)

TIDMVCP

RNS Number : 8547K

Victoria PLC

10 May 2022

For Immediate Release 10 May 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Victoria PLC

('Victoria' or the 'Group')

Purchase of Own Shares

The Company announces that it has purchased 20,000 of its ordinary shares of 5 pence each ("Ordinary Shares") at a weighted average price of 555.68 pence per share (the "Share Purchase") pursuant to the authorities obtained at the Company's last annual general meeting to make market purchases up to a maximum aggregate of 11,685,190 Ordinary Shares. The Share Purchase is being funded from excess cash.

Aggregated information:

 
Date of purchase                      9 May 2022 
Number of Ordinary Shares purchased   20,000 
Highest price paid per share          588.00p 
Lowest price paid per share           522.00p 
Volume weighted average price paid    555.68p 
 

Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018), a detailed breakdown of individual trades is available below:

 
Number of Ordinary Shares purchased  Transaction price (GBp)  Time of transaction  Trading venue 
4,000                                540.00p                  08:30:13             AIMX 
5,000                                522.00p                  10:07:10             AIMX 
2,500                                556.00p                  13:42:46             AIMX 
2,500                                570.24p                  16:00:15             AIMX 
6,000                                588.00p                  16:35:15             AIMX 
 

The repurchased shares will be held in treasury. Following the purchase of these shares, Victoria holds 8,738,185 of its Ordinary Shares in treasury and has 116,726,482 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

 
The person responsible for arranging the release of this announcement on behalf of the Company 
 is Michael Scott, Group Finance Director. 
 
 For more information contact:Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Philippe Hamers, Group Chief Executive 
  Michael Scott, Group Finance Director       [phone] 
 
  Singer Capital Markets (Nominated Adviser 
  and Joint Broker) 
  Rick Thompson, Phil Davies, Alex Bond        [phone] 
 Berenberg (Joint Broker) 
  Ben Wright, Mark Whitmore, Tejas Padalkar 
 
  Peel Hunt (Joint Broker) 
  Adrian Trimmings, Andrew Clark              [phone] 
 
  Buchanan Communications (Financial PR)       [phone] 
  Charles Ryland, Chris Lane, Vicky Hayns, 
  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, 
  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, Turkey, 
  the USA, and Australia and employs approximately 
  4,500 people across more than 27 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, 
  www.victoriaplc.com .) 
 

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May 10, 2022 03:40 ET (07:40 GMT)