The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 226.00
Bid: 225.00
Ask: 227.50
Change: 17.00 (8.13%)
Spread: 2.50 (1.111%)
Open: 210.00
High: 226.00
Low: 201.00
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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE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
22nd Nov 20167:00 amRNSInterim Results
4th Nov 20162:15 pmRNSNotice of Interim Results
10th Oct 20161:55 pmRNSIssue of Equity - Retailer Incentivisation Plan
3rd Oct 20167:00 amRNSAcquisition of Ezi Floor
9th Sep 201611:26 amRNSResult of AGM
9th Sep 20167:00 amRNSAGM Trading Update
17th Aug 20167:00 amRNSNotice of AGM
26th Jul 201611:05 amRNSSecond Price Monitoring Extn
26th Jul 201611:00 amRNSPrice Monitoring Extension
26th Jul 20167:00 amRNSPreliminary Results
18th Jul 201610:12 amRNSIssue of Equity - Retailer Incentivisation Plan
14th Jul 20168:00 amRNSNotice of Results
3rd May 20167:00 amRNSManagement Incentive Plan
29th Apr 20165:08 pmRNSHolding(s) in Company
18th Apr 201611:53 amRNSIssue of Equity - Retailer Incentivisation Plan
15th Apr 20167:00 amRNSUpdate on Acquisition Strategy
14th Apr 20167:00 amRNSCapital Markets Event
23rd Mar 20166:02 pmRNSHolding(s) in Company
22nd Mar 20167:00 amRNSFull Year Trading Update
8th Mar 20169:25 amRNSResponse to Press Speculation
21st Jan 201610:52 amRNSIssue of Equity - Retailer Incentivisation Plan
19th Jan 20167:00 amRNSCapital Markets Day
6th Jan 20164:34 pmRNSDirector/PDMR Shareholding
4th Jan 20167:00 amRNSAppointment of Group Finance Director
16th Dec 20157:00 amRNSTransfer of Shares
26th Nov 20154:32 pmRNSHolding(s) in Company
25th Nov 20151:44 pmRNSIssue of Equity - in lieu of Bonus
25th Nov 20157:00 amRNSHalf Year Results
19th Oct 20157:00 amRNSHolding(s) in Company
13th Oct 20157:00 amRNSIssue of Equity - Retailer Incentivisation Plan
2nd Oct 201510:06 amRNSResult of General Meeting
30th Sep 20157:00 amRNSTotal Voting Rights
22nd Sep 20154:55 pmRNSHolding(s) in Company
16th Sep 20158:33 amRNSPosting of Circular
15th Sep 20152:58 pmRNSHolding(s) in Company
11th Sep 20157:00 amRNSAcquisition & Placing
12th Aug 20153:24 pmRNSHolding(s) in Company
7th Aug 20159:29 amRNSPlacing of existing 1,000,000 ordinary shares
7th Aug 20157:15 amRNSPosting of Annual Report & Accounts
7th Aug 20157:00 amRNSAcquisition of Quest Carpets
30th Jul 20157:00 amRNSFinal Results
10th Jul 201511:01 amRNSNotice of Results
9th Jul 201510:59 amRNSIssue of Equity - Retailer Incentivisation Plan
28th May 201510:15 amRNSIssue of Equity
28th Apr 20157:00 amRNSPre-Close Trading Update
9th Apr 20157:00 amRNSIssue of Equity - Retailer Incentivisation Plan
20th Mar 20158:00 amRNSIssue of Equity
19th Mar 20153:30 pmRNSHolding(s) in Company
17th Mar 201510:17 amRNSDirector/PDMR Shareholding
11th Mar 20159:45 amRNSDirectors' Dealings

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.