Business
Issue of Warrants
Issue of Warrants.
About this update from Victoria Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3618V\n Victoria PLC\n 13 April 2021\n \n \n \n 13 April 2021\n \n For Immediate Release\n \n \n Victoria PLC\n ('Victoria,' the 'Company,' or the 'Group')\n Issue of Warrants\n \n \n 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, \n 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\").\n \n \n The Warrants are exercisable at the exercise price of 5 pence for up to 5 years, with \n 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 \n control of the Company, accelerated vesting of certain of the Warrants shall apply. \n 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.\n \n \n Mr Moreno does not currently hold an interest in the issued share capital of the Company.\n \n \n \n \n \n For more information contact:\n \n \n \n \n \n Victoria PLC\n \n \n Geoff Wilding, Executive Chairman\n \n \n Philippe Hamers, Group Chief Executive\n \n \n Michael Scott, Group Finance Director\n \n \n \n \n +44 (0) 1562 749 610\n \n \n \n \n \n \n \n \n \n N+1 Singer (Nominated Adviser and Joint Broker)\n \n \n Rick Thompson, Phil Davies, Alex Bond\n \n \n \n \n \n \n \n \n \n \n +44 (0) 207 496 3095\n \n \n \n \n \n \n Berenberg (Joint Broker)\n \n \n Ben Wright, Mark Whitmore, Tejas Padalkar\n \n \n \n \n \n Peel Hunt (Joint Broker)\n \n \n Adrian Trimmings, Andrew Clark\n \n \n \n \n \n Buchanan Communications (Financial PR)\n \n \n Charles Ryland, Chris Lane, Tilly Abraham\n \n \n \n \n +44 (0) 203 207 7800\n \n \...