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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00 | -0.98% | 100.80 | 100.00 | 100.80 | 102.20 | 100.00 | 100.00 | 155,217 | 12:33:01 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Greeting Cards | 463.4M | 44.2M | 0.1289 | 7.82 | 345.56M |
From Apr 2019 to Apr 2024
TIDMCARD
RNS Number : 2862N
Card Factory PLC
29 January 2021
29 January 2021
Card Factory plc
(" Card Factory " or the " Company ")
Liquidity update
Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, today issues an update regarding its liquidity.
We reported on 14 January 2021 that, as a result of recent and current lockdowns, we anticipated that our banking covenants would be breached at the end of January. We also noted that we were in constructive discussions with our banking syndicate.
We are pleased to announce that our banking syndicate has provided waivers in respect of anticipated covenant breaches through until 28 February 2021 taking account of the Company's cash flow projections, subject to certain conditions. We remain in constructive discussions with our banks, and have agreed a process to continue to explore a range of potential solutions, with scope for further extensions to the waivers as this process continues.
A further update will be provided in due course.
Enquiries
Card Factory plc via Tulchan Communications (below)
Paul Moody, Executive Chairman
Kris Lee, Chief Financial Officer
Tulchan Communications +44 (0) 207 353 4200 James Macey White / Elizabeth Snow cardfactory@tulchangroup.com
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(END) Dow Jones Newswires
January 29, 2021 02:00 ET (07:00 GMT)
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