Card Factory PLC Additional Listing (8938F)
23 May 2017 - 4:02PM
UK Regulatory
TIDMCARD
RNS Number : 8938F
Card Factory PLC
23 May 2017
23 May 2017
Card Factory plc
(the "Company")
Application has been made by the Company to the Financial
Conduct Authority and the London Stock Exchange Plc for a total of
146,666 ordinary shares of 1p each ("shares") to be admitted to the
Financial Conduct Authority's Official List and to trading on the
London Stock Exchange's main market for listed securities
("Admission").
The shares are being issued (conditional upon Admission)
pursuant to the anticipated exercise by the Company's Chairman,
Geoff Cooper, of an option granted to him, in connection with his
appointment, at the time of the Company's initial public offering
in May 2014 ("IPO").
As disclosed in the prospectus published by the Company in
connection with the IPO (and in the Company's subsequent Annual
Reports), Mr. Cooper was given the option to invest GBP330,000 in
the Company by means of an acquisition of ordinary shares as part
of, or alongside, the offer of shares conducted in conjunction with
the IPO at the offer price of GBP2.25 per share (the "Offer
Price"). Mr. Cooper took up this offer at the time of the IPO in
May 2014 and agreed to acquire 146,666 ordinary shares and this
entitled him, on each of the second and third anniversaries of the
completion of the IPO, to acquire the same number of shares at the
Offer Price, subject to him remaining as Chairman of the Company on
the relevant dates. It is not intended to offer the Chairman or
other Non-Executive Directors participation in similar arrangements
in the future.
This announcement relates to that element of Mr. Cooper's option
which is exercisable on the third anniversary of the completion of
the IPO.
Admission of the shares is expected on 25 May 2017.
When issued these shares will rank pari passu with the Company's
existing ordinary shares.
Enquiries:
Shiv Sibal Tel: 01924
General Counsel and 839150
Company Secretary
Card Factory plc
This information is provided by RNS
The company news service from the London Stock Exchange
END
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