t
On 26 July 2024, Victoria PLC announced the issuance of 290,100 ordinary shares of 5 pence to employees (not directors) at an exercise price of 5 pence per share, pursuant to the exercise of options under its 2020 Long Term Incentive Plan. The Company satisfied these options by transferring 290,100 ordinary shares previously held in treasury. Following this, Victoria PLC holds 11,541,694 ordinary shares in treasury and has 113,922,973 ordinary shares in issue.
| Date | 26 Jul 2024 |
| Time | 07:00:08 |
| Category | Miscellaneous |
| ID | 9232X |
Victoria PLC
('Victoria', the 'Company', or the 'Group')
Exercise of LTIP Share Options
Victoria PLC (LSE: VCP), the international designers, manufacturers and distributors of innovative flooring, announces that 290,100 ordinary shares of 5 pence ("Ordinary Shares") have been issued to employees of the Company pursuant to the exercise of options under the Victoria PLC 2020 Long Term Incentive Plan (the "LTIP Options") at an exercise price of 5 pence per Ordinary Share. None of the recipients of these shares are directors of the Company or persons discharging managerial responsibilities.
Accordingly, the Company has transferred 290,100 Ordinary Shares previously held in treasury to satisfy the exercise of the LTIP Options. As a result, the Company holds 11,541,694 of its Ordinary Shares in treasury and has 113,922,973 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
|
|
|
Walbrook PR (Media & Investor Relations) Paul McManus, Louis Ashe-Jepson
|
+44 (0)20 7933 8780 or [email protected] +44 (0)7980 541 893 / +44 (0)7747 515 393
|
|
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 6,300 people across more than 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.