Card Factory PLC Liquidity Update (1475U)
March 31 2021 - 6:12AM
UK Regulatory
TIDMCARD
RNS Number : 1475U
Card Factory PLC
31 March 2021
31 March 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.
Further to our previous announcements, we are pleased to confirm
that constructive discussions with our banking syndicate continue.
The banks, who continue to be supportive, have provided further
waivers in respect of anticipated covenant breaches through until
30 April 2021, taking account of the Company's cash flow
projections, subject to certain conditions.
We are hopeful that our stores are able to reopen for trading
during April 2021 and look forward to welcoming our colleagues and
customers back into our stores.
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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