Card Factory PLC Director/PDMR Shareholding (8954U)

TIDMCARD

RNS Number : 8954U

Card Factory PLC

30 October 2017

30 October 2017

Card Factory plc

("Card Factory" or the "Company")

Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities

Card Factory announces that, in line with the Company's Remuneration Policy (as set out in its 2017 Annual Report and Accounts), conditional, nil-cost, awards over ordinary shares of 1p each in the Company have been granted to Karen Hubbard, Chief Executive Officer, and Kristian Lee, Chief Financial Officer, under the Company's Long Term Incentive Plan ("LTIP") as follows:

 
 Karen Hubbard   245,921 Shares 
--------------  --------------- 
 Kristian        85,366 Shares 
  Lee 
--------------  --------------- 
 

The vesting of these awards is subject to the satisfaction of a performance condition measured over the three financial years commencing 1 February 2017 and the vested awards will be subject to a holding period which will end two years after vesting.

In determining the number of shares to be awarded, the Remuneration Committee, in accordance with the LTIP Rules, used the average middle market price from the London Stock Exchange's Daily Official List over the 3 months prior to the date of the award.

The Remuneration Committee has reviewed the performance condition to ensure that the target supports the long-term profitable growth of the business over the performance period. Our recent interim results for the year ending 31 January 2018 showed strong sales performance on both a total and a like-for-like basis, but also demonstrated the significant impact of various ongoing cost headwinds (in particular foreign exchange and wage rates) which resulted in a 4% year on year decrease in underlying EPS. Against this outlook, the Committee set an EPS growth range of 1% to 6% p.a. CAGR for the three financial years to January 2020, which is viewed as appropriately stretching in the circumstances. 25% of the award will vest at the threshold.

This notification is made in accordance with Article 19 of the Market Abuse Regulation and the Disclosure and Transparency Rules.

The Company was notified of the above transactions on 27 October 2017.

Enquiries:

 
 Shiv Sibal             Tel: 01924 
  General Counsel and    839150 
  Company Secretary 
  Card Factory plc 
 

CARD FACTORY PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 
 1   Details of the person discharging managerial 
      responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)  Name                       Karen Hubbard 
---  -------------------------  ---------------------------- 
 2   Reason for the notification 
---  ------------------------------------------------------- 
 a)  Position/status            Chief Executive Officer 
---  -------------------------  ---------------------------- 
 b)  Initial notification       Initial notification 
      /Amendment 
---  -------------------------  ---------------------------- 
 3   Details of the issuer, emission allowance 
      market participant, auction platform, auctioneer 
      or auction monitor 
---  ------------------------------------------------------- 
 a)  Name                       Card Factory plc 
---  -------------------------  ---------------------------- 
 b)  LEI                        213800TTSOPFVCKPFQ11 
---  -------------------------  ---------------------------- 
 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         Ordinary shares of one 
      financial instrument,      pence each 
      type of instrument 
      Identification code 
                                 GB00BLY2F708 
---  -------------------------  ---------------------------- 
 b)  Nature of the transaction  Award 
---  -------------------------  ---------------------------- 
 c)  Price(s) and volume(s)       Price    GBP0.00 
                                  -------  --------------- 
                                   Volume   245,921 Shares 
                                  -------  --------------- 
---  -------------------------  ---------------------------- 
d)   Aggregated information       Aggregate 
                                    Volume      245,921 
                                  -----------  -------- 
                                   Price        GBP0.00 
                                  -----------  -------- 
                                   Total        GBP0.00 
                                  -----------  -------- 
---  -------------------------  ---------------------------- 
e)   Date of the transaction     27 October 2017 
---  -------------------------  ---------------------------- 
f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ---------------------------- 
 

Name of officer of issuer responsible for making notification: Shiv Sibal

Date of notification: 27 October 2017

CARD FACTORY PLC

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

 
1    Details of the person discharging managerial 
      responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)  Name                       Kristian Lee 
---  -------------------------  ---------------------------- 
 2   Reason for the notification 
---  ------------------------------------------------------- 
 a)  Position/status            Chief Financial Officer 
---  -------------------------  ---------------------------- 
 b)  Initial notification       Initial notification 
      /Amendment 
---  -------------------------  ---------------------------- 
 3   Details of the issuer, emission allowance 
      market participant, auction platform, auctioneer 
      or auction monitor 
---  ------------------------------------------------------- 
 a)  Name                       Card Factory plc 
---  -------------------------  ---------------------------- 
 b)  LEI                        213800TTSOPFVCKPFQ11 
---  -------------------------  ---------------------------- 
 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         Ordinary shares of one 
      financial instrument,      pence each 
      type of instrument 
      Identification code 
                                 GB00BLY2F708 
---  -------------------------  ---------------------------- 
 b)  Nature of the transaction  Award 
---  -------------------------  ---------------------------- 
 c)  Price(s) and volume(s)       Price     GBP0.00 
                                  --------  -------- 
                                   Volume    85,366 
                                  --------  -------- 
---  -------------------------  ---------------------------- 
d)   Aggregated information       Aggregate 
                                    Volume      85,366 
                                  -----------  -------- 
                                   Price        GBP0.00 
                                  -----------  -------- 
                                   Total        GBP0.00 
                                  -----------  -------- 
---  -------------------------  ---------------------------- 
e)   Date of the transaction     27 October 2017 
---  -------------------------  ---------------------------- 
f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ---------------------------- 
 
 
Name of officer of issuer responsible 
 for making notification: Shiv Sibal 
 Date of notification: 27 October 2017 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 30, 2017 03:00 ET (07:00 GMT)