Notice of AGM

17 August 2016

Victoria PLC

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

Posting of Annual Report & Accounts

Notice of Annual General Meeting

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces that yesterday it posted to Shareholders its Annual Report & Accounts for the year ended 2 April 2016 as well as a Circular containing a notice of the Annual General Meeting ('AGM'), to be held at the offices of Brown Rudnick LLP, 8 Clifford Street, London W1S 2LQ at 10.00 a.m. on 9 September 2016.

Details of the resolutions to be proposed at the AGM are set out in the notice of AGM and include a resolution seeking authority for a five-for-one Share Split, which will increase the number of ordinary shares owned by each shareholder by a factor of five, with an expected resultant reduction in share price. Shareholders should note that subject to market movements, the aggregate value of their shareholdings should remain the same following the proposed Share Split.

In addition, the Company is again proposing to seek Shareholder approval to have authority to make market purchases of up to 10 per cent. of the Company's issued share capital. 

Camden currently holds 33.46 per cent. of the Existing Shares and in the event that the Company were to undertake a share repurchase in accordance with the authority being sought at the AGM, Camden would be required to make a mandatory offer for the remainder of the share capital of the Company. Therefore, the Independent Shareholders are being asked to waive the obligations that would otherwise apply to Camden in these circumstances pursuant to Rule 9 of the Takeover Code.

A copy of the Annual Report & Accounts and the Circular comprising the notice of AGM will also be available today on the Company's website at www.victoriaplc.com.

All definitions contained in this announcement have the same meaning as those defined in the Circular, unless the context requires otherwise.

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