Last checked at 27 Nov 2018 17:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon publication of this announcement, this information is now considered to be in the public domain.
| 27 November 2018 |
Victoria PLC
('Victoria' or the 'Company')
Director Dealing
Victoria plc (AIM: VCP) announces that on 27 November 2018, Camden Holdings Limited ("Camden") purchased 1,000,000 Ordinary Shares in the Company, representing 0.80 per cent. of Victoria's issued share capital, at a price of 490.98 pence per share.
Camden is a company owned by The Camden Trust of which Geoff Wilding, the Executive Chairman of Victoria, is the settlor and a discretionary beneficiary. Following the purchase, Geoff Wilding's remains beneficially interested in 22,438,650 Ordinary Shares, which represents 17.89 per cent. of the issued share capital of the Company.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a. | Name | Geoff Wilding (via Camden Holdings Limited) | ||||
2 | Reason for notification |
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a. | Position/Status | Executive Chairman | ||||
b. | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a. | Name | Victoria PLC | ||||
b. | LEI | 2138002K6ECECHVCQN25 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary Shares of 5 pence each
ISIN: GB00BZC0LC10 | ||||
b. | Nature of the transaction | Purchase of Ordinary Shares
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c. | Price(s) and volume(s)
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d. | Aggregated information
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e. | Date of the transaction - | 27 November 2018
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f. | Place of the transaction | London Stock Exchange | ||||
- Ends - For more information contact:
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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 3,000 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 per share via acquisitions and sustainable organic growth.
The Group's trading subsidiaries, as set out segmentally, include:
UK & Europe: | A. & A. Carpets Ltd, Abingdon Flooring Ltd, Alliance Distribution Ltd, Avalon B.V, Ceramica Saloni, S.A.U, Ceramiche Serra S.p.A., Distinctive Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo S.A., Millennium Weavers N.V, Sanicova, S.L.U, Victoria Carpets Ltd, View Logistics Ltd, Westex (Carpets) Ltd,
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Australia: | Primary Flooring Pty Ltd, Quest Flooring Pty Ltd, The Victoria Carpet Co. Pty Ltd |