VICTORIA PLC

Transaction in Own Shares • Apr 13, 2021

National Storage Mechanism | Additional information

RNS Number : 3618V

Victoria PLC

13 April 2021

13 April 2021

For Immediate Release

Victoria PLC

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

Issue of Warrants

Victoria PLC (LSE: VCP) the international designers, manufacturers and distributors of innovative floorcoverings, announces a new share-based long-term incentive plan ("LTIP") for Roberto Moreno, Managing Director - Strategic Investments and Corporate Development, and PDMR in the Company. This follows Mr. Moreno's recent appointment, announced on 13 January.  The LTIP comprises the issue to Mr. Moreno of warrants to subscribe for a total of 250,000 ordinary shares of 5 pence each ("the Warrants").

The Warrants are exercisable at the exercise price of 5 pence for up to 5 years, with 12,500 Warrants vesting per calendar quarter, starting on 1 June 2021, subject to Mr Moreno's continued employment with the Company. In the event of a change of control of the Company, accelerated vesting of certain of the Warrants shall apply. Vested Warrants shall be exercisable only upon the occurrence of certain events or at specific dates, the earliest date being in calendar year 2022.  The ordinary shares acquired by exercising Warrants are subject to a lockup prior to 1 January 2024, save for permitted sales in certain limited circumstances, including to the extent necessary to pay any related tax obligations.

Mr Moreno does not currently hold an interest in the issued share capital of the Company.

For more information contact:

Victoria PLC Geoff Wilding, Executive Chairman Philippe Hamers, Group Chief Executive Michael Scott, Group Finance Director	+44 (0) 1562 749 610
N+1 Singer (Nominated Adviser and Joint Broker) Rick Thompson, Phil Davies, Alex Bond	+44 (0) 207 496 3095
Berenberg (Joint Broker) Ben Wright, Mark Whitmore, Tejas Padalkar Peel Hunt (Joint Broker) Adrian Trimmings, Andrew Clark Buchanan Communications (Financial PR) Charles Ryland, Chris Lane, Tilly Abraham	+44 (0) 203 207 7800 +44 (0) 207 418 8900 +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, 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 and Australia and employs approximately 3,400 people across more than 20 sites. Victoria is the UK's largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions. 

The Group'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. (Further information about Victoria can be found on its website, www.victoriaplc.com.)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Roberto Moreno
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Victoria plc
b)	LEI	2138002K6ECECHVCQN25
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Warrants over Ordinary Shares of 5 pence
Identification code	ISIN: GB00BZC0LC10
b)	Nature of the transaction	Issue of warrants
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.05	250,000
d)	Aggregated information	N/A single transaction
- Aggregated volume
- Price
e)	Date of the transaction	12 April 2021
f)	Place of the transaction	Outside a trading venue

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