Card Factory PLC Director/PDMR Shareholding (8954U)
October 30 2017 - 2:00AM
UK Regulatory
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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