Last checked at 5 Aug 2019 07:00
For Immediate Release 05 August 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', the 'Company', or the 'Group')
Response to Press Speculation
The Board of Victoria PLC (the "Company") (LSE: VCP) the international flooring designers, manufacturers and distributors, notes the recent press speculation that it is in discussions regarding the potential acquisition of Spanish ceramics manufacturer, Ibero Porcelānico (the "Potential Acquisition").
The Board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties. The Board can confirm that it is evaluating a number of opportunities including this one.
In the event that the Potential Acquisition were to proceed it would be financed from the Company's existing resources and be both leverage neutral and earnings enhancing. It would not be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.
A further announcement will be made in due course as appropriate.
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