REG - Card Factory PLC - Liquidity Update
RNS Number : 1475UCard Factory PLC31 March 202131 March 2021
Card Factory plc
("Card Factory" or the "Company")
Liquidity update
Card Factory, the UK's leading specialist retailer of greeting cards, dressings and gifts, today issues an update regarding its liquidity.
Further to our previous announcements, we are pleased to confirm that constructive discussions with our banking syndicate continue. The banks, who continue to be supportive, have provided further waivers in respect of anticipated covenant breaches through until 30 April 2021, taking account of the Company's cash flow projections, subject to certain conditions.
We are hopeful that our stores are able to reopen for trading during April 2021 and look forward to welcoming our colleagues and customers back into our stores.
Enquiries
Card Factory plc via Tulchan Communications (below)
Darcy Willson-Rymer, Chief Executive Officer
Kris Lee, Chief Financial Officer
Tulchan Communications +44 (0) 207 353 4200
James Macey White / Elizabeth Snow cardfactory@tulchangroup.com
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 or visit 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.ENDMSCDKDBDDBKDKNN
Recent news on Card Factory
See all newsREG - Card Factory PLC - Block listing Interim Review
AnnouncementREG - Card Factory PLC - Director/PDMR Shareholding
AnnouncementREG - Card Factory PLC - Total Voting Rights
AnnouncementREG - Card Factory PLC - Half-year Report
AnnouncementREG - Card Factory PLC - Notice of Results
Announcement