VICTORIA PLC

Report Publication Announcement • Aug 5, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8216H

Victoria PLC

05 August 2019

For Immediate Release                                                                                                                                05 August 2019

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')

Response to Press Speculation

The Board of Victoria PLC (the "Company") (LSE: VCP) the international flooring designers, manufacturers and distributors, notes the recent press speculation that it is in discussions regarding the potential acquisition of Spanish ceramics manufacturer, Ibero Porcelānico (the "Potential Acquisition").

The Board has previously stated that it is part of its growth strategy to make highly selective acquisitions and therefore it is frequently in discussions with a number of parties. The Board can confirm that it is evaluating a number of opportunities including this one.

In the event that the Potential Acquisition were to proceed it would be financed from the Company's existing resources and be both leverage neutral and earnings enhancing. It would not be classified as a Substantial Transaction for the purposes of the AIM Rules for Companies. However, there is no guarantee that it will proceed.

A further announcement will be made in due course as appropriate.

- Ends -

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 and Joint Broker) Rick Thompson, Phil Davies, Will Goode (Corporate Finance) Caspar Shand Kydd, Andrew Keith (Equity Sales)	+44 (0) 20 7894 7000
Berenberg (Joint Broker) Ben Wright, Mark Whitmore, Laure Fine (Corporate Broking) Buchanan Communications (Financial PR) Charles Ryland, Victoria Hayns, Tilly Abraham	+44 (0) 203 207 7800 +44 (0) 20 7466 5000

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

RSPUSVKRKRAWRAR