Victoria ( (GB:VCP) ) has provided an update.
Victoria PLC has announced the issuance of 289,264 ordinary shares to its employees as part of its long-term incentive plans. This move does not involve any company directors or managerial staff. The company transferred these shares from its treasury, leaving it with 10,881,391 shares in treasury and 114,583,276 shares in issue, excluding treasury shares. This issuance is part of Victoria’s strategy to enhance shareholder value by increasing earnings and cash flow per share.
More about Victoria
Victoria PLC is an international manufacturer and distributor of innovative flooring products, headquartered in Worcester, UK. The company designs, manufactures, and distributes a variety of flooring solutions, including carpets, flooring underlay, ceramic tiles, luxury vinyl tiles, artificial grass, and flooring accessories. With operations in multiple countries, Victoria is Europe’s largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions. The company employs approximately 5,600 people across more than 30 sites and focuses on creating shareholder value through acquisitions and sustainable organic growth.
YTD Price Performance: 21.14%
Average Trading Volume: 1,115,157
Technical Sentiment Signal: Strong Buy
Current Market Cap: £93.84M
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