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
  0.80 1.36% 59.60 58.30 58.90 60.30 57.10 60.30 972,305 16:35:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 285.1 -16.4 -4.0 - 204

Card Factory PLC Trading and Liquidity Update

30/04/2021 7:00am

UK Regulatory (RNS & others)

Card Factory (LSE:CARD)
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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.


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                    

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(END) Dow Jones Newswires

April 30, 2021 02:00 ET (06:00 GMT)

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