8 Mar 2016 09:25
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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