Flooring group Victoria has seen its valuation jump after a non-executive director increased his stake in the company more than thirty-fold.
Shares in the group have leapt by 29.7% this morning reaching 129p, its highest level since mid-October 2024.
Since trading resumed after the Festive Period, the value has jumped by 85%.
The rally came after Gavin Petken has purchased 255,099 shares increasing his stake to 0.23% in the group. He paid between 68p-71p per share on 31 December.
The private equity investor, who’s career 13 years as a md in private equity at RBS, joined the Victoria board in 2014.
The increase in value has seen the group’s stock market valuation reach £113m, just over a tenth of its peak in October 2021.
