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Pin to quick picksVictoria Regulatory News (VCP)

Share Price Information for Victoria (VCP)

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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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE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
 
 
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31st Aug 201711:32 amRNSResult of AGM
31st Aug 20177:00 amRNSAGM Trading Update
8th Aug 20177:00 amRNSPosting of Annual Report & Notice of AGM
25th Jul 20177:00 amRNSPreliminary Results
24th Jul 20177:00 amRNSAppointment of Joint Broker
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1st Jun 20179:00 amRNSInclusion in MSCI Global Small Cap Index
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4th May 20173:45 pmRNSHolding(s) in Company
28th Apr 20174:37 pmRNSHolding(s) in Company
25th Apr 20179:44 amRNSSale of Existing Ordinary Shares
11th Apr 20177:00 amRNSPositive Full Year Trading Update
13th Feb 20171:22 pmRNSDirector/PDMR Shareholding
13th Feb 20177:00 amRNSAcquisition of Avalon BV & GrassInc. BV
1st Feb 20177:00 amRNSCompletion of Dunlop Flooring Acquisition
25th Jan 20177:00 amRNSCapital Markets Day
12th Jan 20177:00 amRNSAppointment of Chief Executive Officer
21st Dec 20167:00 amRNSCapital Markets Day - 25 January 2017
14th Dec 20167:00 amRNSAcquisition of Dunlop Flooring

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