Victoria PLC Completion of GBP150m Preferred Equity Investment (5615Y)

TIDMVCP

RNS Number : 5615Y

Victoria PLC

17 January 2022

For Immediate Release 17 January 2022

Victoria PLC

('Victoria' or the 'Group')

Completion of the Preferred Equity Investment of GBP150 million

from Koch Equity Development

The board of Victoria PLC, (LSE: VCP) the international designers, manufacturers and distributors of innovative flooring, is pleased to advise that, following the approval of the preferred equity investment by shareholders at a general meeting held on 13 January, the transaction has completed and Victoria has received GBP150 million (before fees and expenses) from Koch Equity Development.

Alongside the Group's existing financial resources, this capital will be carefully deployed to support Victoria's acquisition-led growth whilst maintaining the Board's long-expressed leverage policy.

 
 
  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 
 
 
   Singer Capital Markets (Nominated Adviser 
   and Joint Broker) 
   Rick Thompson, Phil Davies, Alex Bond        +44 (0) 207 496 3095 
  Berenberg (Joint Broker) 
   Ben Wright, Mark Whitmore, Tejas Padalkar 
 
   Peel Hunt (Joint Broker) 
   Adrian Trimmings, Andrew Clark              +44 (0) 203 207 7800 
 
   Buchanan Communications (Financial PR)       +44 (0) 207 418 8900 
   Charles Ryland, Chris Lane, Vicky hayns, 
   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, 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.)

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January 17, 2022 02:00 ET (07:00 GMT)

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