Last checked at 1 Feb 2017 07:00
For Immediate Release 1 February 2017
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')
Completion of Dunlop Flooring Acquisition
Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floor coverings, is pleased to announce that further to the announcement on 14 December 2016, all the conditions precedent pertaining to the acquisition of Dunlop Flooring ("Dunlop"), the Australian underlay and hard wood flooring manufacturer and distributor, have now been duly fulfilled. The acquisition has been funded from Victoria's cash and existing debt facilities.
Geoff Wilding, Chairman of Victoria PLC, commented:
"I am delighted to announce the completion of the acquisition of Dunlop, which complements our existing Australian operations and is in line with our growth strategy of buying profitable and growing flooring businesses that are earnings accretive. We welcome Dunlop to the Victoria Group. The Group continues to look for further earnings accretive acquisitions, particularly in Europe, whilst maintaining our core focus on wealth creation for shareholders."
For more information contact:
Victoria PLC Geoff Wilding, Chairman Michael Scott, Group Finance Director | +44 (0) 1562 749 300 |
Cantor Fitzgerald Europe (Nominated Adviser and Broker) Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance) Mark Westcott, Casper Shand-Kydd (Sales) | +44 (0) 20 7894 7000 |
finnCap (Joint Broker) Matt Goode, Grant Bergman (Corporate Finance) Tim Redfern (Corporate Broking)
Buchanan Communications (Financial PR) Charles Ryland, Victoria Hayns, Jane Glover | +44 (0) 20 7220 0500
+44 (0) 20 7466 5000 |