CARD FACTORY PLC — Remuneration Information 2017

Oct 30, 2017

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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 Lee	85,366 Shares

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 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)

Price	£0.00
Volume	245,921 Shares

d)

Aggregated information

Aggregate Volume	245,921
Price	£0.00
Total	£0.00

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 /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	85,366

d)

Aggregated information

Aggregate Volume	85,366
Price	£0.00
Total	£0.00

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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