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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.19% | 103.40 | 102.80 | 103.60 | 105.00 | 102.20 | 105.00 | 469,698 | 15:30:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Greeting Cards | 463.4M | 44.2M | 0.1289 | 8.01 | 353.79M |
TIDMCARD
RNS Number : 1977X
Card Factory PLC
30 April 2021
30 April 2021
Card Factory plc
(" Card Factory " or the " Company ")
Update on trading post re-opening
Liquidity Update
Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, today announces both an update on trading post the re-opening of non-essential retail in England and Wales and its liquidity position.
Trading update
The Company is pleased to report that its performance following the reopening of stores in England and Wales from 12 April 2021 has exceeded its expectations.
We welcomed colleagues and customers back in our stores in Scotland from Monday 26 April, with stores opening in Northern Ireland today.
Liquidity Update
The Company has agreed headline terms for refinancing of the Group with its current syndicate of commercial lending banks and will issue a further update, over the coming weeks, once terms are documented.
Pending documentation of the revised facility terms, the banking syndicate has extended waivers in respect of anticipated covenant breaches to 31 May 2021, taking account of the Company's cash flow projections, subject to certain conditions.
A further update will be issued on the refinancing in due course.
Enquiries
Card Factory plc via Tulchan Communications (below)
Darcy Willson-Rymer, Chief Executive Officer
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
April 30, 2021 02:00 ET (06:00 GMT)
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