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Liquidity Update

31st Mar 2021 12:12

RNS Number : 1475U
Card Factory PLC
31 March 2021
 

31 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 [email protected]

 

 

 

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