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23 Jul 2018 16:00
23 July 2018
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 approved by the Company's members at the AGM on 31 May 2018 and as set out in the Company's 2018 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 | 194,778 Shares |
Kristian Lee | 110,346 Shares |
The vesting of these awards is subject to the satisfaction of performance underpin condition measured over the three financial years commencing 01 February 2018 (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 12 July 2018.
Enquiries:
Shiv Sibal General Counsel and Company Secretary Card Factory plc | Tel: 01924 839150 |
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)
|
| ||||||||
d)
| Aggregated information
|
| ||||||||
e)
| Date of the transaction
| 11 July 2018 | ||||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||||
Name of officer of issuer responsible for making notification: Shiv Sibal
Date of notification: 23 July 2018
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)
|
| ||||||||
d)
| Aggregated information
|
| ||||||||
e)
| Date of the transaction
| 11 July 2018 | ||||||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||||||
Name of officer of issuer responsible for making notification: Shiv Sibal Date of notification: 23 July 2018 |
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