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Market Cap: £44.47m
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Response to Press Speculation

8 Mar 2016 09:25

RNS Number : 3786R
Victoria PLC
08 March 2016
 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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