IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVictoria Regulatory News (VCP)

Share Price Information for Victoria (VCP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 167.00
Bid: 165.00
Ask: 167.00
Change: -4.80 (-2.79%)
Spread: 2.00 (1.212%)
Open: 174.80
High: 174.80
Low: 162.80
Prev. Close: 171.80
VCP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Results of Placing

6 Aug 2018 14:32

RNS Number : 9596W
Victoria PLC
06 August 2018
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

 

6 August 2018

Victoria PLC

("Victoria", the "Company", or the "Group")

 

Results of Placing

 

The Board of Victoria (LSE: VCP), the international designers, manufacturers and distributors of innovative floorcoverings, is pleased to announce the result of the bookbuild announced earlier today.

 

A total of 7,314,626 new Ordinary Shares in the Company have been conditionally placed by Cantor Fitzgerald Europe and Berenberg at a price of 827 pence per share (the "Placing Price") (consisting of 6,250,000 "Vendor Placing Shares" and 1,064,626 "Firm Placing Shares") raising gross proceeds of approximately £60.5 million.

 

The Placing Shares will represent approximately 5.83 per cent. of the existing Ordinary Shares.

 

Admission

 

Pursuant to the Vendor Placing and Firm Placing, Application has been made for the 7,314,626 new Ordinary Shares to be admitted to trading on AIM. Dealings in these new Ordinary Shares are expected to commence on 7 August 2018.

 

Geoff Wilding, Chairman of Victoria, commented

 

We are delighted by the level of support we have received from both existing and new investors, with the placing oversubscribed by a multiple of the funds sought."

 

Total Voting Rights

 

Following the issue of the Vendor Placing Shares and Firm Placing Shares, the Company's issued share capital will comprise 125,398,004 Ordinary Shares. The total number of voting rights in the Company will be 125,398,004. 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.

 

All capitalised terms in this announcement are as defined in the Company's announcement released at 7.00 a.m. this morning.

 

For more information contact:

 

Victoria PLC

Geoff Wilding, Executive Chairman

Philippe Hamers, Group Chief Executive

Michael Scott, Group Finance Director

+44 (0) 1562 749 300

 

Cantor Fitzgerald Europe (Nominated Adviser, Joint

Bookrunner and Broker)

Rick Thompson, Phil Davies, Will Goode (Corporate Finance)

Caspar Shand Kydd, Andrew Keith (Equity Sales)

 

+44 (0) 20 7894 7000

Berenberg (Joint Bookrunner and Broker)

Ben Wright, Mark Whitmore, Laure Fine (Corporate Broking)

 

Buchanan Communications (Financial PR)

Charles Ryland, Madeline Seacombe, Tilly Abraham

+44 (0) 203 207 7800

 

 

+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, designs, manufactures and distributes a range of carpet, underlay, LVT (luxury vinyl tile), ceramic tiles, artificial grass and flooring accessories. Victoria has operations in the UK, Spain, Italy, Belgium, the Netherlands and Australia and employs approximately 2,500 people across more than 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 and is focused on consistently increasing earnings per share via acquisitions and sustainable organic growth.

 

The Group's trading subsidiaries, as set out segmentally, include:

 

UK & Europe:

Abingdon Flooring Ltd, Alliance Distribution Ltd, Avalon B.V, Ceramiche Serra S.p.A., Distinctive Flooring Ltd, Ezi Floor Ltd, Grass Inc. B.V, Interfloor Ltd, Keraben Grupo S.A., Millennium Weavers N.V, Victoria Carpets Ltd, View Logistics Ltd, Westex (Carpets) Ltd, A. & A. Carpets Ltd

 

Australia:

Quest Flooring Pty Ltd, Primary Flooring Pty Ltd, The Victoria Carpet Co. Pty Ltd

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
ROIUNUORWWAWRAR
Date   Source Headline
20th Mar 20158:00 amRNSIssue of Equity
19th Mar 20153:30 pmRNSHolding(s) in Company
17th Mar 201510:17 amRNSDirector/PDMR Shareholding
11th Mar 20159:45 amRNSDirectors' Dealings
20th Jan 20159:35 amRNSDirector/PDMR Shareholding
14th Jan 20156:22 pmRNSIssue of Equity
14th Jan 20157:00 amRNSAcquisition of Whitestone Weavers group
9th Jan 201512:43 pmRNSIssue of Equity - Retailer Incentivisation Plan
17th Nov 20147:00 amRNSHalf Yearly Report
17th Oct 20147:00 amRNSIssue of Equity - Retailer Incentivisation Plan
1st Oct 20147:00 amRNSIssue of Equity
30th Sep 20142:00 pmRNSAcquisition and New Board Appointment
29th Aug 20147:00 amRNSFinal Results
31st Jul 20147:00 amRNSDirector/PDMR Shareholding
31st Jul 20147:00 amRNSTotal Voting Rights
30th Jul 20144:24 pmRNSHolding(s) in Company
30th Jul 201412:52 pmRNSHolding(s) in Company
29th Jul 20145:00 pmRNSIssue of Equity & Contract Liability Settlement
29th Jul 20148:30 amRNSTermination of the Contract for Differences
22nd Jul 20147:30 amRNSTermination of the Contract for Differences
9th Jul 20143:13 pmRNSResult of EGM
27th Jun 20147:00 amRNSHolding(s) in Company
25th Jun 20148:43 amRNSHolding(s) in Company
23rd Jun 20147:00 amRNSProposed Special Dividend & Notice of EGM
12th May 20147:00 amRNSAppointment of Director
15th Apr 20147:00 amRNSTrading Statement
19th Mar 20147:00 amRNSSale and Leaseback of Property
6th Mar 20147:00 amRNSExercise of Options/Issue of Equity
18th Dec 20139:43 amRNSForm 8.3 - Victoria PLC
13th Dec 20131:17 pmRNSAmendment: Result of General Meeting
13th Dec 201311:47 amRNSResult of General Meeting and re-admission to AIM
9th Dec 20133:35 pmRNSForm 8.3 - Victoria PLC
29th Nov 20135:30 pmRNSSchedule 1 - Victoria plc
26th Nov 20137:00 amRNSProposed Acquisition of Globesign Limited
6th Nov 20137:00 amRNSHalf Yearly Report
3rd Oct 20139:58 amRNSHolding(s) in Company
24th Sep 20132:00 pmRNSResult of AGM
16th Aug 20137:00 amRNSNotice of AGM & Posting of Report & Accounts
31st Jul 20137:00 amRNSFinal Results
20th Jun 201312:31 pmRNSUpdate
22nd Apr 20139:27 amRNSChange of Adviser
27th Mar 201310:07 amRNSHolding(s) in Company
5th Mar 201312:25 pmRNSHolding(s) in Company
20th Feb 201311:05 amRNSResult of General Meeting
1st Feb 20134:52 pmRNSCirc re. Contract with Director
17th Jan 20138:00 amRNSCancellation
17th Dec 201210:43 amRNSResult of General Meeting
7th Dec 20124:00 pmRNSSchedule 1 - Victoria Plc
30th Nov 20122:00 pmRNSProposed Cancellation of Listing/ Admission to AIM
29th Nov 20127:00 amRNSHalf-Year Results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.