REG - Card Factory PLC - Commencement of share repurchase programme

Card FactoryAnnouncement

Today 07:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260428:nRSb1872Ca&default-theme=true

RNS Number : 1872C  Card Factory PLC  28 April 2026

28 April 2026

Card Factory plc

Commencement of £15 million share repurchase programme

Card Factory plc (the "Company") the UK's leading specialist retailer of
greeting cards, gifts and celebration essentials, announces that it has
commenced an irrevocable, non-discretionary programme to purchase shares up to
the value of £15 million on its own behalf, for cancellation, to commence
immediately.

This is the share repurchase programme referred to in the Company's
Preliminary Results announcement released on 28 April 2026, using excess cash
from FY26 in accordance with its Capital Allocation Policy.

The programme commences on 28 April 2026 and runs up to and including 31
January 2027, subject to grant of a new authority to purchase shares being
renewed at the Annual General Meeting of the Company to be held in June
2026.    The sole purpose of these share purchases is to reduce the
Company's share capital.

Any acquisitions will be effected within certain pre-set parameters, and in
accordance with both the Company's general authority to repurchase shares and
in compliance with Market Abuse Regulation 596/2014 (as it forms part of UK
law by virtue of section 3 of the European Union (Withdrawal) Act 2018 (as
amended)) and Chapter 9 of the Listing Rules. Card Factory plc confirms that
it currently has no unpublished price sensitive information.

As at the date of this announcement, the Company's total issued share capital
consisted of 351,595,922 Ordinary Shares, with one voting right per share. The
Company holds 5,717,911 Ordinary Shares as treasury shares, therefore the
total number of voting rights in the Company is 345,878,011.

 

Further enquiries:

Ciaran Stone

Company Secretary

Card Factory plc

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCPPUMUCUPQUQR



            Copyright 2019 Regulatory News Service, all rights reserved