Victoria PLC Notice of AGM (3193H)
17 August 2016 - 4:01PM
UK Regulatory
TIDMVCP
RNS Number : 3193H
Victoria PLC
17 August 2016
17 August 2016
Victoria PLC
('Victoria', the 'Company', or the 'Group')
Posting of Annual Report & Accounts
Notice of Annual General Meeting
Victoria PLC, (LSE: VCP) the international designers,
manufacturers and distributors of innovative floorcoverings,
announces that yesterday it posted to Shareholders its Annual
Report & Accounts for the year ended 2 April 2016 as well as a
Circular containing a notice of the Annual General Meeting ('AGM'),
to be held at the offices of Brown Rudnick LLP, 8 Clifford Street,
London W1S 2LQ at 10.00 a.m. on 9 September 2016.
Details of the resolutions to be proposed at the AGM are set out
in the notice of AGM and include a resolution seeking authority for
a five-for-one Share Split, which will increase the number of
ordinary shares owned by each shareholder by a factor of five, with
an expected resultant reduction in share price. Shareholders should
note that subject to market movements, the aggregate value of their
shareholdings should remain the same following the proposed Share
Split.
In addition, the Company is again proposing to seek Shareholder
approval to have authority to make market purchases of up to 10 per
cent. of the Company's issued share capital.
Camden currently holds 33.46 per cent. of the Existing Shares
and in the event that the Company were to undertake a share
repurchase in accordance with the authority being sought at the
AGM, Camden would be required to make a mandatory offer for the
remainder of the share capital of the Company. Therefore, the
Independent Shareholders are being asked to waive the obligations
that would otherwise apply to Camden in these circumstances
pursuant to Rule 9 of the Takeover Code.
A copy of the Annual Report & Accounts and the Circular
comprising the notice of AGM will also be available today on the
Company's website at www.victoriaplc.com.
All definitions contained in this announcement have the same
meaning as those defined in the Circular, unless the context
requires otherwise.
For more information contact:
Victoria PLC
Geoff Wilding, Executive Chairman +44 (0) 156
Michael Scott, Group Finance Director 274 9300
Cantor Fitzgerald Europe (Nominated
Adviser & Joint Broker)
Rick Thompson, Phil Davies, Michael
Reynolds (Corporate Finance)
Mark Westcott, Caspar Shand Kydd +44 (0) 20
(Sales) 7894 7000
finnCap Ltd (Joint Broker)
Matt Goode/Grant Bergman (Corporate
Finance) +44 (0) 20
Tim Redfern (Corporate Broking) 7220 0500
Buchanan Communications
Charles Ryland, Victoria Hayns, +44 (0) 20
Jane Glover 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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