Card Factory PLC Director/PDMR Shareholding (4662D)
28 October 2020 - 8:17PM
UK Regulatory
TIDMCARD
RNS Number : 4662D
Card Factory PLC
28 October 2020
28 October 2020
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 2020 Annual Report
and Accounts) and following deferral of grant of awards earlier in
2020, due to the uncertainty arising from the Covid-19 pandemic,
options have been granted under the Card Factory plc SAYE Scheme
("SAYE Scheme").
The SAYE Scheme is a UK tax qualified scheme whereby
participants can choose to save up to GBP500 per month over a
3-year period, subject to a cap of GBP250 per month for each annual
award. Pursuant to the SAYE scheme, on 27 October 2020 the Company
granted options over 3,648,970 ordinary shares of GBP0.01 each in
the capital of Card Factory plc. The exercise price, which was set
in accordance with HM Revenue and Customs rules, is 27.16 pence per
share (by applying a 20 percent discount to the 3-day average
mid-market quotation from the Daily Official List of the London
Stock Exchange, immediately prior to applications being opened on 2
October 2020). Participation in the 2020 SAYE Scheme has been
scaled back following oversubscription; however, the Remuneration
Committee has increased the number of shares available for this
award, taking account of low dilution in previous years under the
SAYE Scheme. The options have a contract start date of 1 December
2020 and are exercisable after 1 December 2023. The exercise of
options on maturity is not dependent upon performance criteria.
Kristian Lee, Chief Financial Officer of the Company, has
participated in the 2020 SAYE Scheme, on the same terms afforded to
all UK employees under this scheme, details of which are set out
below.
This notification is made in accordance with Article 19 of the
Market Abuse Regulation and the Disclosure and Transparency
Rules.
Enquiries:
Ciaran Stone Tel: 01924 839150
General Counsel and Company
Secretary
Card Factory plc
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 Ordinary shares of one pence each
instrument, type of instrument
Identification code GB00BLY2F708
b) Nature of the transaction Grant of options under the Card
Factory plc SAYE scheme
c) Price(s) and volume(s) Price GBP0.2716 per share
Volume 13,254 shares
--------------------
d) Aggregated information Aggregate Volume 13,254 shares
Price GBP0.2716
per share
--------------
Total GBP3,599.79
--------------
e) Date of the transaction 27 October 2020
f) Place of the transaction Outside a trading venue
Name of officer of issuer responsible for making notification:
Ciaran Stone
Date of notification: 28 October 2020
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END
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