Director/PDMR Shareholding

RNS Number : 1502Z

Card Factory PLC

15 May 2019

 

15 May 2019

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 the Company's 2019 Annual Report and Accounts ("Annual Report"'), conditional, nil-cost, restricted share awards over ordinary shares of 0.01p 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	225,368 Shares
Kristian Lee	130,229 Shares

The vesting of these awards is subject to the satisfaction of performance underpin condition measured over the three financial years commencing 01 February 2019 (details of which are set out in the Annual Report).  Upon determination by the Company's Remuneration Committee of the satisfaction of the performance underpin condition, the restricted share awards will vest as follows:

-       50% of the award on the third anniversary of the date of grant;

-       25% of the award on the fourth anniversary of the date of grant; and

-       25% of the award on the fifth anniversary of the date of grant.

100% of the awards will be subject to a holding period which will normally end on the fifth anniversary of the date of grant.

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.

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 14 May 2019.

Enquiries:

Shiv Sibal General Counsel and Company Secretary Card Factory plc

Tel: [phone]

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 /Amendment	Initial notification
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 financial instrument, type of instrument Identification code	Ordinary shares of one pence each    GB00BLY2F708
b)	Nature of the transaction	Award
c)	Price(s) and volume(s)	Price £0.00 Volume 225,368 shares
d)	Aggregated information	Aggregate Volume 225,368       Price £0.00 Total 0.00
e)	Date of the transaction	14 May 2019
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Shiv Sibal

Date of notification:  15 May 2019

 

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 /Amendment	Initial notification
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 financial instrument, type of instrument Identification code	Ordinary shares of one pence each    GB00BLY2F708
b)	Nature of the transaction	Award
c)	Price(s) and volume(s)	Price £0.00 Volume 130,229 shares
d)	Aggregated information	Aggregate Volume 130,229 Price £0.00 Total 0.00
e)	Date of the transaction	14 May 2019
f)	Place of the transaction	London Stock Exchange (XLON)

Name of officer of issuer responsible for making notification: Shiv Sibal Date of notification:  15 May 2019

 

END

 

 

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