For
Immediate
Release
18 March 2024
Victoria
PLC
('Victoria', the 'Company' or
the 'Group')
Purchase of Own
Shares
The Company announces that it has
purchased 80,000 of its ordinary shares of 5 pence each
("Ordinary Shares") at a
weighted average price of 230.22 pence per share (the "Share Purchase"), pursuant to the
authorities obtained at the Company's last annual general meeting
to make market purchases up to a maximum of 17,251,562 Ordinary
Shares.
Aggregated information:
|
Date of purchase
|
15 March
2024
|
|
Number of Ordinary Shares
purchased
|
80,000
|
|
Highest price paid per
share
|
233.5p
|
|
Lowest price paid per
share
|
230p
|
|
Volume weighted average price
paid
|
230.22p
|
Transaction details:
In accordance with Article 5(1)(b)
of Regulation (EU) No 596/2014 (the Market Abuse Regulation) (which
forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018), a detailed breakdown of individual trades
is available below:
|
Number of Ordinary Shares
purchased
|
Transaction price (GBp)
|
Time of transaction
|
Trading venue
|
|
50,000
|
230p
|
15:39:23
|
AIMX
|
|
25,000
|
230p
|
16:27:10
|
AIMX
|
|
5,000
|
233.5p
|
16.37:43
|
AIMX
|
The repurchased shares will be held
in treasury. Following the purchase of these shares, Victoria holds
10,565,794 of its Ordinary Shares in treasury and has 114,898,873
Ordinary shares in issue (excluding treasury shares). This figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure Guidance and Transparency.
|
For
more information contact:
|
Victoria PLC
Geoff Wilding, Executive
Chairman
Philippe Hamers, Group Chief
Executive
Brian Morgan, Chief Financial
Officer
|
www.victoriaplc.com/investors-welcome
Via Walbrook
PR
|
|
Singer Capital Markets (Nominated Adviser and Joint
Broker)
Rick Thompson, Phil Davies, James
Fischer
|
+44 (0)20
7496 3095
|
|
Berenberg (Joint Broker)
Ben Wright, Richard
Bootle
|
+44 (0)20
3207 7800
|
|
Peel Hunt (Joint Broker)
Adrian Trimmings, Andrew
Clark
|
+44 (0)20
7418 8900
|
|
Walbrook PR (Media & Investor Relations)
Paul McManus, Alice
Woodings
|
+44 (0)20
7933 8780 or victoria@walbrookpr.com
+44
(0)7980 541 893 / +44
(0)7407 804 654
|
|
| |
|
About Victoria PLC (www.victoriaplc.com)
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 Company, which is headquartered in Worcester, 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, Germany, Turkey, the
USA, and Australia and employs approximately 6,750 people
across 30 sites. Victoria is Europe's largest carpet manufacturer
and the second largest in Australia, as well as the largest
manufacturer of underlay in both regions.
The Company'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.)