Victoria PLC Grant of Options (6353V)

TIDMVCP

RNS Number : 6353V

Victoria PLC

11 August 2022

For Immediate Release 11 August 2022

Victoria PLC

('Victoria' or the 'Group')

2022 Long Term Incentive Plan

Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring today announces that as part of the Group's 2022 Long Term Incentive Plan, options to subscribe for 375,000 ordinary shares of 5 pence each in the Group at an exercise price of GBP7.00 have been granted to Philippe Hamers, Chief Executive.

The options will vest equally over a four year period from 4 April 2022 to 4 April 2025 (such that one quarter of the options were vested when they were granted) as long as Mr Hamers remains employed by the Group, and may be exercised up until the tenth anniversary of the date that the options were granted, being 10 August 2022.

 
For more information contact:Victoria PLC 
  Geoff Wilding, Executive Chairman 
  Philippe Hamers, Group Chief Executive      +44 (0) 1562 749 
  Michael Scott, Group Finance Director        610 
 
  Singer Capital Markets (Nominated Adviser 
  and Joint Broker)                            +44 (0) 207 496 
  Rick Thompson, Phil Davies, Alex Bond        3095 
 Berenberg (Joint Broker)                     +44 (0) 203 207 
  Ben Wright, Mark Whitmore                    7800 
 
  Peel Hunt (Joint Broker)                     +44 (0) 207 418 
  Adrian Trimmings, Andrew Clark               8900 
 
  Buchanan Communications (Financial PR)       +44 (0) 20 7466 
  Charles Ryland, Chris Lane, Jack Devoy       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, Turkey, 
  the United States and Australia and employs 
  approximately 4,000 people across more 
  than 26 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, 
  www.victoriaplc.com.) 
 
 
 1.   Details of the person discharging managerial responsibilities / 
       person closely associated 
 a.   Name                        Philippe Hamers 
     ---------------------  -------------------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------------- 
 a.   Position/status             Chief Executive Officer 
     ---------------------  -------------------------------------------------- 
 a.   Initial notification   Initial notification 
       /Amendment 
     ---------------------  -------------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, auction 
       platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a.   Name                   Victoria plc 
     ---------------------  -------------------------------------------------- 
 b.   LEI                    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         Grant of options to subscribe for Ordinary shares 
       the Financial          of 5 pence each in Victoria plc 
       instrument, type 
       of instrument          GB00BZC0LC10 
       Identification 
       code 
     ---------------------  -------------------------------------------------- 
 b.   Nature of the          LTIP Share Scheme 
       transaction 
     ---------------------  -------------------------------------------------- 
 c.   Price(s) and                          Volume 
       volume(s)                Price (s)     (s) 
                                   GBP7.00   375,000 
     ---------------------  -------------------------------------------------- 
 
 
 d.        Aggregated information     N/A - single transaction 
             *    Aggregated volume 
 
 
             *    Price 
     ------------------------------  ------------------------- 
 e.   Date of the transaction         10 August 2022 
     ------------------------------  ------------------------- 
 f.   Place of the                    Outside a trading venue 
       transaction 
     ------------------------------  -------------------------

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEAFPEFENAEAA

(END) Dow Jones Newswires

August 11, 2022 02:00 ET (06:00 GMT)

Victoria (LSE:VCP)
Historical Stock Chart
From Mar 2024 to Apr 2024