SANDERSON DESIGN GROUP
PLC
("Sanderson Design Group", the "Company" or the
"Group")
Grant of Awards under
LTIP
Sanderson Design
Group PLC (AIM: SDG), the luxury
interior design and furnishings group, announces that on 29
May 2024 it granted nil-cost options (the "Awards") over ordinary
shares of 1 pence each in the Company (the "Shares") to seven
people discharging managerial responsibilities ("PDMR") under the
Sanderson Design Group PLC 2015 Long Term Incentive Plan (the
"LTIP"), based on the average closing mid-market price for the
three trading days preceding the date of grant on 29 May 2024
of 105.3 pence per
Share.
Details of the Awards are set out
below:
|
Director/ PDMR
|
Number of Shares under Award on the
basis of achieving the maximum performance targets
|
|
Lisa Montague, Chief Executive
Officer
|
272,481
|
|
Mike Woodcock, Chief Financial
Officer
|
137,536
|
|
Mauricio Solodujin, Global Commercial
Director
|
48,072
|
|
Ben Naylor, Group Operations
Director
|
48,072
|
|
Claire Vallis, Design
Director
|
48,072
|
|
Jo Walmsley, Group People
Director
|
48,072
|
|
Charlotte Archer, Group Marketing
Director
|
48,072
|
No payment was required for the
grant of the Awards.
The LTIP was approved by shareholders
at the 2015 AGM. The Awards are subject to the
satisfaction of three performance condition underpins. Two
underpins measure the financial performance of the Company, a
minimum level of cumulative free cash flow over the three years to
the end of FY2027, and growth in USA revenues. The third underpin
is a sustainability measure, which includes making progress on the
roadmap to the NetZeroby30 pledge.
The Awards shall vest in three
tranches as set out below
|
Tranche as a percentage of the Award
|
Normal Vesting Date of each tranche of the
Award
|
|
40%
|
29 May 2027
|
|
40%
|
29 May 2028
|
|
20%
|
29 May 2029
|
Further details of the performance
measures will be set out in the Company's 2025 Annual Report and
Accounts.
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
1. Lisa
Montague
2. Mike
Woodcock
3. Mauricio
Solodujin
4. Ben
Naylor
5. Claire
Vallis
6. Jo
Walmsley
7. Charlotte
Archer
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief
Executive Officer
2. Chief
Financial Officer
3. Global
Commercial Director
4. Group
Operations Director
5. Design
Director
6. Group
People Director
7. Group
Marketing 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
instrument, type of instrument
Identification code
|
Ordinary Shares of 1 pence
each
GB0003061511
|
|
b)
|
Nature of the transaction
|
Grant of nil cost option award under
the Sanderson Design Group PLC 2015 LTIP. The award will vest three
years after the date of grant subject to the satisfaction of
performance conditions.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1.
Nil
|
272,481
|
|
2.
Nil
|
137,536
|
|
3.
Nil
|
48,072
|
|
4.
Nil
|
48,072
|
|
5.
Nil
|
48,072
|
|
6.
Nil
|
48,072
|
|
7.
Nil
|
48,072
|
|
|
d)
|
Aggregated information
|
Not applicable
|
|
e)
|
Date of the transaction
|
29 May 2024
|
|
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
|
|
|
|
|
|
Investec Bank plc (Nominated Adviser and Joint
Broker)
|
+44 (0) 20 7597
5970
|
|
David Anderson / 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 Zoffany, 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.sandersondesign.group