Last checked at 8 Mar 2016 09:25
Victoria PLC
Response to Press Speculation
The Board of Victoria PLC (the "Company") (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, notes the press speculation that it is in discussions regarding the potential acquisition of Lano Carpets, a European carpet manufacturing business (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 in preliminary discussions regarding the Potential Acquisition, however there is no guarantee that it will proceed.
In the event that the Potential Acquisition were to proceed it would be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies.
Currently, the Board intends that any acquisition would be financed from the Company's existing facilities.
A further announcement will be made in due course as appropriate.
For more information contact:
Victoria PLC +44 (0) 1562 749 300
Geoff Wilding, Chairman
Michael Scott, Group Finance Director
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
(Nominated Adviser & Broker)
Rick Thompson, Phil Davies,
David Foreman, Michael Reynolds (Corporate Finance)
David Banks, Tessa Sillars (Corporate Broking)
Whitman Howard +44(0) 20 7659 1234
(Joint Broker)
Nick Lovering, Ranald McGregor-Smith
Buchanan Communications +44(0) 20 7466 5000
Charles Ryland, Jane Glover