Victoria PLC Completion of Acquisition of Keraben Grupo S.A. (7575W)
November 16 2017 - 9:57AM
UK Regulatory
TIDMVCP
RNS Number : 7575W
Victoria PLC
16 November 2017
16 November 2017
Victoria PLC
("Victoria", the "Company", or the "Group")
Completion of Acquisition of Keraben Grupo S.A.
The Board of Victoria (LSE: VCP), the international designers,
manufacturers and distributors of innovative floorcoverings, is
pleased to confirm that further to the announcement released
earlier today it has completed the acquisition of Keraben Grupo
S.A. ("Keraben"), a substantial European manufacturer of branded
floor and wall ceramic tiles.
Following the issue of the Placing Shares, the Company's issued
share capital will comprise 113,957,902 ordinary shares of 5 pence
each. The total number of voting rights in the Company will be
113,957,902. 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 share capital of the Company under the Disclosure
Guidance and Transparency Rules of the Financial Conduct
Authority.
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the Announcement
released by the Company at 7.00 a.m. this morning.
For more information contact:
Victoria PLC +44 (0) 1562 749 300
Geoff Wilding, Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director
Cantor Fitzgerald Europe (Nominated Adviser and Broker) +44 (0) 20 7894 7000
Rick Thompson, Phil Davies, Will Goode (Corporate Finance)
Caspar Shand Kydd, Alex Pollen (Equity Sales)
Berenberg (Broker) +44 (0) 203 207 7800
Ben Wright, Mark Whitmore (Corporate Broking)
Buchanan Communications (Financial PR) +44 (0) 20 7466 5000
Charles Ryland, Victoria Hayns, Madeline Seacombe
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, designs, manufactures and
distributes a range of carpet, underlay, LVT (luxury vinyl tile),
artificial grass and flooring accessories. Victoria has operations
in the UK, Belgium, the Netherlands and Australia and employs
approximately 1,800 people across 20 sites. Victoria is the UK's
largest carpet manufacturer and the second largest in
Australia.
The Group's strategy is designed to create value for its
shareholders, focused on consistently increasing earnings per share
via acquisitions and sustainable organic growth.
The Group's trading subsidiaries include:
UK & Europe: Abingdon Flooring Ltd, Alliance Distribution Ltd,
Avalon B.V, Distinctive Flooring Ltd, Ezi Floor
Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo
S.A., Victoria Belgium N.V, Victoria Carpets Ltd,
View Logistics Ltd, Westex (Carpets) Ltd, Whitestone
Weavers Ltd
Australia: Quest Flooring Pty Ltd, Primary Flooring Pty Ltd,
The Victoria Carpet Co. Pty Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 16, 2017 10:57 ET (15:57 GMT)
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