Victoria PLC Appointment of Non-Executive Director (6191I)
December 15 2020 - 2:00AM
UK Regulatory
TIDMVCP
RNS Number : 6191I
Victoria PLC
15 December 2020
Victoria PLC
('Victoria', the 'Company', or the 'Group')
Appointment of Non-Executive Director
The Board of Victoria PLC (LSE: VCP), the international
designers, manufacturers and distributors of innovative
floorcoverings, is pleased to announce the appointment of Mr. Blake
Gregory Ressel, aged 41, to the Board as a Non-Executive Director
of Victoria PLC, with immediate effect.
Mr Ressel, who holds an MBA from Northwestern University Kellogg
School of Management, is a Managing Director of Koch Equity
Development LLC, where he leads and manages their European team and
activities with an investment mandate centred on partnered
acquisitions and principal investments. KED Victoria Investments,
LLC ("KED"), an affiliate of Koch Equity Development LLC, has a
10.70% shareholding in Victoria PLC.
Geoff Wilding, Executive Chairman of Victoria PLC, said:
"I welcome Blake to the board of Victoria. We expect to grow
Victoria very significantly over the next 12 months and I am
certain the company will benefit from the strengthened governance,
industry knowledge, and experience that Blake brings to the
board."
Mr Ressel commented:
"I am very much looking forward to joining the Board. KED is
delighted to be partnering with Victoria, and we are confident in
Victoria's strategy, its management team, and the size of the
market opportunity"
Mr Ressel is currently a director of the following company:
-- Flint Holdco (a Luxembourg company)
He was formerly a director of MLX Resources UK Limited. He has
held no other directorships during the previous five years.
The Company confirms that there is no other information which is
required to be disclosed pursuant to Schedule 2 paragraph (g) of
the AIM Rules for Companies.
Mr Ressel is indirectly interested in 10.70% of Victoria by
virtue of the KED's shareholding.
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
Broker)
Rick Thompson, Phil Davies, Alex Bond +44 (0) 207 496 3095
Berenberg (Joint Broker)
Ben Wright, Mark Whitmore +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, www.victoriaplc.com.)
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END
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