Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVictoria Regulatory News (VCP)

Share Price Information for Victoria (VCP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 209.00
Bid: 180.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 32.50 (18.056%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 209.00
VCP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Results of Placing

6 Aug 2018 14:32

RNS Number : 9596W
Victoria PLC
06 August 2018
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

 

6 August 2018

Victoria PLC

("Victoria", the "Company", or the "Group")

 

Results of Placing

 

The Board of Victoria (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce the result of the bookbuild announced earlier today.

 

A total of 7,314,626 new Ordinary Shares in the Company have been conditionally placed by Cantor Fitzgerald Europe and Berenberg at a price of 827 pence per share (the "Placing Price") (consisting of 6,250,000 "Vendor Placing Shares" and 1,064,626 "Firm Placing Shares") raising gross proceeds of approximately £60.5 million.

 

The Placing Shares will represent approximately 5.83 per cent. of the existing Ordinary Shares.

 

Admission

 

Pursuant to the Vendor Placing and Firm Placing, Application has been made for the 7,314,626 new Ordinary Shares to be admitted to trading on AIM. Dealings in these new Ordinary Shares are expected to commence on 7 August 2018.

 

Geoff Wilding, Chairman of Victoria, commented

 

We are delighted by the level of support we have received from both existing and new investors, with the placing oversubscribed by a multiple of the funds sought."

 

Total Voting Rights

 

Following the issue of the Vendor Placing Shares and Firm Placing Shares, the Company's issued share capital will comprise 125,398,004 Ordinary Shares. The total number of voting rights in the Company will be 125,398,004. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

 

All capitalised terms in this announcement are as defined in the Company's announcement released at 7.00 a.m. this morning.

 

For more information contact:

 

Victoria PLC

Geoff Wilding, Executive Chairman

Philippe Hamers, Group Chief Executive

Michael Scott, Group Finance Director

+44 (0) 1562 749 300

 

Cantor Fitzgerald Europe (Nominated Adviser, Joint

Bookrunner and Broker)

Rick Thompson, Phil Davies, Will Goode (Corporate Finance)

Caspar Shand Kydd, Andrew Keith (Equity Sales)

 

+44 (0) 20 7894 7000

Berenberg (Joint Bookrunner and Broker)

Ben Wright, Mark Whitmore, Laure Fine (Corporate Broking)

 

Buchanan Communications (Financial PR)

Charles Ryland, Madeline Seacombe, Tilly Abraham

+44 (0) 203 207 7800

 

 

+44 (0) 20 7466 5000

 

About Victoria

 

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC, is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), ceramic tiles, artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands and Australia and employs approximately 2,500 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia.

 

The Group's strategy is designed to create value for its shareholders and is focused on consistently increasing earnings per share via acquisitions and sustainable organic growth.

 

The Group's trading subsidiaries, as set out segmentally, include:

 

UK & Europe:

Abingdon Flooring Ltd, Alliance Distribution Ltd, Avalon B.V, Ceramiche Serra S.p.A., Distinctive Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo S.A., Millennium Weavers N.V, Victoria Carpets Ltd, View Logistics Ltd, Westex (Carpets) Ltd, A. & A. Carpets Ltd

 

Australia:

Quest Flooring Pty Ltd, Primary Flooring Pty Ltd, The Victoria Carpet Co. Pty Ltd

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ROIUNUORWWAWRAR
Date   Source Headline
21st Oct 20227:00 amRNSPurchase of Own Shares
19th Oct 20227:00 amRNSAcquisition
19th Oct 20227:00 amRNSPurchase of Own Shares
18th Oct 20227:00 amRNSPurchase of Own Shares
17th Oct 20227:00 amRNSHalf Year Traing Upate an Notice of Results
17th Oct 20227:00 amRNSHalf Year Trading Update and Notice of Results
14th Oct 20227:00 amRNSPurchase of Own Shares
13th Oct 20227:00 amRNSHolding(s) in Company
11th Oct 20228:47 amRNSHolding(s) in Company
10th Oct 20227:00 amRNSPurchase of Own Shares
7th Oct 20227:00 amRNSPurchase of Own Shares
6th Oct 20227:00 amRNSPurchase of Own Shares
5th Oct 20227:00 amRNSPurchase of Own Shares
3rd Oct 20227:00 amRNSPurchase of Own Shares
28th Sep 20227:00 amRNSPurchase of Own Shares
26th Sep 20227:00 amRNSPurchase of Own Shares
23rd Sep 20227:00 amRNSPurchase of Own Shares
22nd Sep 20227:00 amRNSPurchase of Own Shares
21st Sep 20227:00 amRNSPurchase of Own Shares
12th Sep 20227:00 amRNSPurchase of Own Shares
9th Sep 20222:21 pmRNSResult of AGM
9th Sep 20227:00 amRNSPurchase of Own Shares
9th Sep 20227:00 amRNSAGM statement – Trading in Line with Expectations
7th Sep 20227:00 amRNSPurchase of Own Shares
6th Sep 20229:16 amRNSHolding(s) in Company
6th Sep 20227:00 amRNSPurchase of Own Shares
5th Sep 20227:00 amRNSPurchase of Own Shares
2nd Sep 20227:00 amRNSPurchase of Own Shares
1st Sep 20227:00 amRNSPurchase of Own Shares
31st Aug 20227:00 amRNSPurchase of Own Shares
30th Aug 20227:00 amRNSPurchase of Own Shares
26th Aug 20227:00 amRNSPurchase of Own Shares
25th Aug 20227:00 amRNSPurchase Own Shares
24th Aug 20227:00 amRNSPurchase of Own Shares
23rd Aug 20227:00 amRNSPurchase of Own Shares
22nd Aug 20227:00 amRNSPurchase of Own Shares
19th Aug 20227:00 amRNSPurchase of Own Shares
18th Aug 20225:46 pmRNSHolding(s) in Company
18th Aug 20227:00 amRNSPurchase of Own Shares
17th Aug 20227:00 amRNSPurchase of Own Shares
16th Aug 202212:18 pmRNSShare Purchases by Chief Executive
16th Aug 20227:00 amRNSPurchase of Own Shares
15th Aug 20227:00 amRNSPurchase of Own Shares
12th Aug 202212:00 pmRNSPosting of Annual Report & Accounts, Notice of AGM
11th Aug 20227:00 amRNSGrant of Options
11th Aug 20227:00 amRNSPurchase of Own Shares
10th Aug 20227:00 amRNSPurchase of Own Shares
9th Aug 20227:00 amRNSPurchase of Own Shares
8th Aug 20227:49 amRNSHolding(s) in Company
8th Aug 20227:00 amRNSPurchase of Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.