Victoria PLC Completion of Dunlop Flooring Acquisition (6961V)
February 01 2017 - 1:00AM
UK Regulatory
TIDMVCP
RNS Number : 6961V
Victoria PLC
01 February 2017
For Immediate Release
1 February 2017
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Victoria PLC
('Victoria' or the 'Group')
Completion of Dunlop Flooring Acquisition
Victoria PLC, (LSE: VCP) the international designers,
manufacturers and distributors of innovative floor coverings, is
pleased to announce that further to the announcement on 14 December
2016, all the conditions precedent pertaining to the acquisition of
Dunlop Flooring ("Dunlop"), the Australian underlay and hard wood
flooring manufacturer and distributor, have now been duly
fulfilled. The acquisition has been funded from Victoria's cash and
existing debt facilities.
Geoff Wilding, Chairman of Victoria PLC, commented:
"I am delighted to announce the completion of the acquisition of
Dunlop, which complements our existing Australian operations and is
in line with our growth strategy of buying profitable and growing
flooring businesses that are earnings accretive. We welcome Dunlop
to the Victoria Group. The Group continues to look for further
earnings accretive acquisitions, particularly in Europe, whilst
maintaining our core focus on wealth creation for
shareholders."
For more information contact:
Victoria PLC
Geoff Wilding, Chairman
Michael Scott, Group Finance Director +44 (0) 1562 749 300
Cantor Fitzgerald Europe (Nominated Adviser and Broker)
Rick Thompson, Phil Davies, Michael Reynolds (Corporate Finance)
Mark Westcott, Casper Shand-Kydd
(Sales) +44 (0) 20 7894 7000
finnCap (Joint Broker) +44 (0) 20 7220 0500
Matt Goode, Grant Bergman
(Corporate Finance)
Tim Redfern
(Corporate Broking)
Buchanan Communications (Financial PR)
Charles Ryland, Victoria Hayns, Jane Glover +44 (0) 20 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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