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Pin to quick picksVictoria Regulatory News (VCP)

Share Price Information for Victoria (VCP)

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60.70    -3.30 (-5.16%)
Bid:
60.40
Ask:
62.40
Spread: 2.00 (3.311%)
Market Cap: £70.02m
VCP Live PriceLast checked at - London Stock Exchange

Intraday Victoria Share Chart

Response to Press Speculation

8 Mar 2016 09:25

RNS Number : 3786R
Victoria PLC
08 March 2016
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Victoria PLC

Response to Press Speculation

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The Board of Victoria PLC (the "Company") (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings,Β notes the press speculation that it is in discussions regarding the potential acquisition of Lano Carpets, a European carpet manufacturing business (the "Potential Acquisition").

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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.

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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.

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Currently, the Board intends that any acquisition would be financed from the Company's existing facilities.

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A further announcement will be made in due course as appropriate.

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For more information contact:

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Victoria PLC +44 (0) 1562 749 300

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Geoff Wilding, Chairman

Michael Scott, Group Finance Director

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Cantor Fitzgerald Europe +44 (0) 20 7894 7000

(Nominated Adviser & Broker)

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Rick Thompson, Phil Davies,

David Foreman, Michael Reynolds (Corporate Finance)

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David Banks, Tessa Sillars (Corporate Broking)

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Whitman Howard +44(0) 20 7659 1234

(Joint Broker)

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Nick Lovering, Ranald McGregor-Smith

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Buchanan Communications +44(0) 20 7466 5000

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Charles Ryland, Jane Glover

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