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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Card Factory Plc | LSE:CARD | London | Ordinary Share | GB00BLY2F708 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.60 | 3.67% | 101.80 | 101.60 | 102.20 | 102.20 | 98.20 | 99.80 | 896,226 | 16:35:05 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Greeting Cards | 463.4M | 44.2M | 0.1289 | 7.91 | 349.67M |
TIDMCARD
RNS Number : 8252B
Card Factory PLC
12 October 2020
12 October 2020
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 the Company's 2020 Annual Report and Accounts ("Annual Report"'), and following deferral of grant of awards earlier in 2020, due to the uncertainty arising from the Covid-19 pandemic, conditional, nil-cost, restricted share awards over 371,067 ordinary shares of 0.01p each in the capital of the Company have been granted today to Kristian Lee, Chief Financial Officer under the Company's Long Term Incentive Plan ("LTIP").
In determining the number of shares to be included in this restricted share award, the Remuneration Committee exercised discretion and reduced the award by 40% having regard to the change in share price as a result of the current market environment. The Remuneration Committee will also review the outcome of this award at the time of vesting to avoid excessive returns and will exercise discretion as required.
The vesting of these awards is subject to the satisfaction of a performance underpin condition measured over the three financial years commencing 1 February 2020 (details of which are set out in the Annual Report). Upon determination by the Company's Remuneration Committee of the satisfaction of the performance underpin condition, the restricted share awards will vest as follows:
- 50% of the award on the third anniversary of the date of grant; - 25% of the award on the fourth anniversary of the date of grant; and - 25% of the award on the fifth anniversary of the date of grant.
100% of the awards will be subject to a holding period which will normally end on the fifth anniversary of the date of grant.
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.
This notification is made in accordance with Article 19 of the Market Abuse Regulation and the Disclosure and Transparency Rules.
Enquiries:
Ciaran Stone Tel: 01924 839150 General Counsel and 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 Kristian Lee 2 Reason for the notification a) Position/status Chief Financial Officer b) Initial notification /Amendment Initial notification 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 financial Ordinary shares of one pence each instrument, type of instrument Identification code GB00BLY2F708 b) Nature of the transaction Award c) Price(s) and volume(s) Price GBP0.00 Volume 371,067 shares --------------- d) Aggregated information Aggregate Volume 371,067 Price GBP0.00 -------- Total 0.00 -------- e) Date of the transaction 12 October 2020 f) Place of the transaction Outside a trading venue Name of officer of issuer responsible for making notification: Ciaran Stone Date of notification: 12 October 2020
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(END) Dow Jones Newswires
October 12, 2020 10:08 ET (14:08 GMT)
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