REG - Card Factory PLC - Director/PDMR Shareholding

Card FactoryAnnouncement

15/05/2019 14:30

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: 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


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




 




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