Victoria PLC Sale of Existing Ordinary Shares (2382D)
25 April 2017 - 6:44PM
UK Regulatory
TIDMVCP
RNS Number : 2382D
Victoria PLC
25 April 2017
25 April 2017
For Immediate Release
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', the 'Company', or the 'Group')
Sale of Existing Ordinary Shares
Victoria PLC, (AIM: VCP), the international designers,
manufacturers and distributors of innovative floor coverings, is
pleased to announce that to help satisfy continuing institutional
demand Cantor Fitzgerald Europe has sold, on behalf of Camden
Holdings Limited ("Camden"), 4 million existing ordinary shares of
5 pence each, representing 4.4 per cent. of Victoria's issued share
capital to institutional investors at 460 pence per share.
Camden is a company owned by The Camden Trust of which Geoff
Wilding, the Chairman of Victoria, is the settlor and a
discretionary beneficiary. Following the sale, Geoff Wilding
remains beneficially interested in 26,438,650 ordinary shares,
which represents 29.1 per cent. of the issued share capital of the
Company.
Geoff Wilding, Chairman of Victoria PLC commented:
"I agreed to the share sale in order to meet continuing
institutional demand and improve the liquidity of Victoria's shares
and to further build the company's shareholder base. I remain the
largest shareholder in Victoria with over 29 per cent. of the
shares and, given this fact, shareholders can be assured I remain
wholly committed to Victoria's objective: 'to create wealth for our
shareholders'. I will not be selling any further shares for the
foreseeable future."
- Ends -
For more information contact:
Victoria PLC +44 (0) 1562 749 300
Geoff Wilding, Chairman
Michael Scott, Group Finance Director
Cantor Fitzgerald Europe +44 (0) 20 7894 7000
(Nominated Adviser & Broker)
Rick Thompson, Phil Davies, Michael Reynolds (Corporate
Finance)
Mark Westcott, Caspar Shand-Kydd (Sales)
finnCap +44 (0) 20 7220 0500
(Joint Broker)
Matt Goode, Carl Holmes (Corporate Finance)
Tim Redfern (Corporate Broking)
Buchanan Communications +44 (0) 20 7466 5000
Charles Ryland, Victoria Hayns, Jane Glover
This information is provided by RNS
The company news service from the London Stock Exchange
END
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