Victoria gets £150m Koch investment after shareholder approval
Victoria
240.00p
16:56 19/04/24
1.48%
3.50p
Flooring designer, manufacturer and distributor Victoria announced on Monday that it has received the £150m investment from Koch Equity Development.
FTSE AIM 100
3,595.66
17:08 19/04/24
n/a
n/a
FTSE AIM All-Share
745.67
17:08 19/04/24
n/a
n/a
Household Goods & Home Construction
12,287.29
17:10 19/04/24
-1.10%
-136.06
The AIM-traded firm said the investment followed shareholder approval of the preferred equity investment at a general meeting on 13 January.
It confirmed it had received £150m before fees and expenses from Koch Equity Development.
“Alongside the group's existing financial resources, this capital will be carefully deployed to support Victoria's acquisition-led growth whilst maintaining the board's long-expressed leverage policy.”
At 1128 GMT, shares in Victoria were down 1.67% at 1,180p.