Card Factory PLC, a leading UK retailer of greeting cards and gifts, recently allotted 858,680 new ordinary shares following the exercise of nil-cost Restricted Share options under the Long Term Incentive Plan. This includes shares issued to Darcy Willson-Rymer, the Chief Executive Officer, and other Group employees. Willson-Rymer exercised his right to acquire 257,218 shares and sold 121,319 shares to cover tax liabilities, with the remaining shares subject to a holding period until June 2026. Following these transactions, his interest in the company stands at 494,023 shares, representing 0.14% of total voting rights.
As of the announcement date, Card Factory PLC's issued ordinary share capital comprises 346,859,600 ordinary shares with a nominal value of 1p each, and no shares are held in treasury. Shareholders can use this figure as the denominator for determining their notification obligations under the FCA's Disclosure and Transparency Rules. The notification complies with the Disclosure Guidance and Transparency Rules.
Darcy Willson-Rymer, as the Chief Executive Officer, exercised his right to nil-cost Restricted Shares and sold shares to cover tax liabilities on June 14, 2024. The exercise involved 257,218 shares, while the sale comprised 121,319 shares, with a price of £0.898556 per share. The transactions took place outside a trading venue and on the London Stock Exchange.
For further information, Ciaran Stone, General Counsel and Company Secretary of Card Factory PLC, can be contacted at Tel: 01924 839150.