RNS Number : 3618V

Victoria PLC

13 April 2021

13 April 2021

For Immediate Release

Victoria PLC

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

Issue of Warrants

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces a new share-based long-term incentive plan ("LTIP") for Roberto Moreno, Managing Director - Strategic Investments and Corporate Development, and PDMR in the Company. This follows Mr. Moreno's recent appointment, announced on 13 January. The LTIP comprises the issue to Mr. Moreno of warrants to subscribe for a total of 250,000 ordinary shares of 5 pence each ("the Warrants").

The Warrants are exercisable at the exercise price of 5 pence for up to 5 years, with 12,500 Warrants vesting per calendar quarter, starting on 1 June 2021, subject to Mr Moreno's continued employment with the Company. In the event of a change of control of the Company, accelerated vesting of certain of the Warrants shall apply. Vested Warrants shall be exercisable only upon the occurrence of certain events or at specific dates, the earliest date being in calendar year 2022. The ordinary shares acquired by exercising Warrants are subject to a lockup prior to 1 January 2024, save for permitted sales in certain limited circumstances, including to the extent necessary to pay any related tax obligations.

Mr Moreno does not currently hold an interest in the issued share capital of the Company.

For more information contact:

Victoria PLC 
 Geoff Wilding, Executive Chairman 
 Philippe Hamers, Group Chief Executive 
 Michael Scott, Group Finance Director       +44 (0) 1562 749 610 
  N+1 Singer (Nominated Adviser and Joint 
  Rick Thompson, Phil Davies, Alex Bond        +44 (0) 207 496 3095 
Berenberg (Joint Broker) 
 Ben Wright, Mark Whitmore, Tejas Padalkar   +44 (0) 203 207 7800 
 Peel Hunt (Joint Broker) 
 Adrian Trimmings, Andrew Clark               +44 (0) 207 418 8900 
 Buchanan Communications (Financial PR) 
 Charles Ryland, Chris Lane, Tilly Abraham    +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, 
 UK, designs, manufactures and distributes 
 a range of carpet, flooring underlay, ceramic 
 tiles, LVT (luxury vinyl tile), artificial 
 grass and flooring accessories. 
 Victoria has operations in the UK, Spain, 
 Italy, Belgium, the Netherlands and Australia 
 and employs approximately 3,400 people 
 across more than 20 sites. Victoria is 
 the UK's largest carpet manufacturer and 
 the second largest in Australia, as well 
 as the largest manufacturer of underlay 
 in both regions. 
 The Group's strategy is designed to create 
 value for its shareholders and is focused 
 on consistently increasing earnings and 
 cash flow per share via acquisitions and 
 sustainable organic growth. (Further information 
 about Victoria can be found on its website, 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Roberto Moreno 
      ---------------------------------------  --------------------------------------- 
 2     Reason for the notification 
 a)    Position/status                          PDMR 
      ---------------------------------------  --------------------------------------- 
 b)    Initial notification                     Initial notification 
      ---------------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
 a)    Name                                     Victoria plc 
      ---------------------------------------  --------------------------------------- 
 b)    LEI                                      2138002K6ECECHVCQN25 
      ---------------------------------------  --------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
 a)    Description of the                       Warrants over Ordinary Shares of 
        financial instrument,                    5 pence 
        type of instrument 
       Identification code                      ISIN: GB00BZC0LC10 
 b)    Nature of the transaction                Issue of warrants 
      ---------------------------------------  --------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------  ----------------- 
                                                 Price(s)           Volume(s) 
                                                -----------------  ----------------- 
    GBP0.05                                                         250,000 
   --------------------------------------------------------------  ----------------- 
 d)    Aggregated information                   N/A single transaction 
  - Aggregated volume 
  - Price 
 e)    Date of the transaction                  12 April 2021 
      ---------------------------------------  --------------------------------------- 
 f)    Place of the transaction                 Outside a trading venue 
      ---------------------------------------  --------------------------------------- 

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(END) Dow Jones Newswires

April 13, 2021 13:05 ET (17:05 GMT)

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