TIDMSDG
RNS Number : 4438T
Sanderson Design Group PLC
14 November 2023
For immediate release 14 November 2023
SANDERSON DESIGN GROUP PLC
("Sanderson Design Group", the "Company" or the "Group")
Vesting of Awards under LTIP, Director/PDMR
Shareholdings and Total Voting Rights
Sanderson Design Group PLC (AIM: SDG), the luxury interior
design and furnishings group, announces that Lisa Montague, Chief
Executive O cer, certain other persons discharging managerial
responsibilities ("PDMRs") and employees have received ordinary
shares of 1p each in the Company ("Ordinary Shares") under the
terms of the Company's Long-Term Incentive Plan ("LTIP") (the
"Vesting").
The awards vested on 13 November 2023 for nil consideration
pursuant to a conditional award made on 11 November 2020. The
number of Ordinary Shares which vested is stated after the
deduction of the relevant taxation and National Insurance
charges.
Following the Vesting, Lisa Montague's holding of Ordinary
Shares is set out in the table below:
Executive Director No. of Ordinary Resultant Interest % of Total
Shares subject in Ordinary Voting Rights
to Shares
vesting
Lisa Montague 45,987 417,363 0.58%
--------------- ------------------ --------------
The Company has allotted 238,019 Ordinary Shares, in aggregate,
in order to satisfy the Vesting (the "New Ordinary Shares"). The
New Ordinary Shares have been admitted to trading on AIM pursuant
to the Company's existing block listing admission facility.
Total Voting Rights
Following the Vesting and allotment of the New Ordinary Shares,
the Company hereby noti es that, as at the date of this
announcement, the Company's issued share capital consists of
71,706,225 Ordinary Shares, with one voting right per Ordinary
Share. The Company does not hold any Ordinary Shares in Treasury,
therefore, the total number of Ordinary Shares in the Company with
voting rights is 71,706,225.
The above gure of 71,706,225 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Lisa Montague
2. Mauricio Solodujin
3. Claire Vallis
4. Ben Naylor
--------------------------------------------- --------------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Global Commercial Director
3. Creative Director
4. Group Operations Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------------
a) Name Sanderson Design Group PLC
--------------------------------------------- --------------------------------------------
b) LEI 213800A8K2WOUZJIQL93
--------------------------------------------- --------------------------------------------
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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code
GB0003061511
--------------------------------------------- --------------------------------------------
b) Nature of the transaction Receipt of Ordinary Shares pursuant
to a
conditional award under the Company's
LTIP
--------------------------------------------- --------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------------------------------------- -------------------- -------------------
1. Nil 45,987
---------------------------------------------------------------------- -------------------
2. Nil 11,353
---------------------------------------------------------------------- -------------------
3. Nil 9,621
---------------------------------------------------------------------- -------------------
4. Nil 8,335
---------------------------------------------------------------------- -------------------
d) Aggregated information Not applicable
--------------------------------------------- --------------------------------------------
e) Date of the transaction 13 November 2023
--------------------------------------------- --------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------------------- --------------------------------------------
For further information:
Sanderson Design Group PLC c/o Buchanan +44 (0) 20
7466 5000
Lisa Montague, Chief Executive Officer
Mike Woodcock, Chief Financial Officer
David Gracie, Company Secretary
david.gracie@indigogovernance.com
Investec Bank plc (Nominated Adviser
and Joint Broker) +44 (0) 20 7597 5970
David Anderson / Alex Wright / Ben
Farrow
Singer Capital Markets (Joint Broker) +44 (0) 20 7496 3000
Tom Salvesen / Jen Boorer / Alex Emslie
Buchanan +44 (0) 20 7466 5000
Mark Court / Sophie Wills / Toto Berger
/ Abigail Gilchrist
SDG@buchanan.uk.com
Notes for editors:
About Sanderson Design Group
Sanderson Design Group PLC is a luxury interior furnishings
company that designs, manufactures and markets wallpapers, fabrics
and paints. In addition, the Company derives licensing income from
the use of its designs on a wide range of products such as bed and
bath collections, rugs, blinds and tableware.
Sanderson Design Group's brands include Zo any, Sanderson,
Morris & Co., Harlequin, Clarke & Clarke and Scion.
The Company has a strong UK manufacturing base comprising Anstey
wallpaper factory in Loughborough and Standfast & Barracks, a
fabric printing factory, in Lancaster. Both sites manufacture for
the Company and for other wallpaper and fabric brands.
Sanderson Design Group employs approximately 600 people and its
products are sold worldwide. It has showrooms in London, New York,
Chicago and Amsterdam.
Sanderson Design Group trades on the AIM market of the London
Stock Exchange under the ticker symbol SDG.
LEI: 213800A8K2WOUZJIQL93
For further information please visit:
www.sandersondesigngroup.com
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