RNS Number : 2895N

Sanderson Design Group PLC

30 May 2022

 For immediate release   30 May 2022 


("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 30 May 2022 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to 7 persons 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 30 May 2022 of 140.83 pence per Share.

Details of the Awards are set out below:

                                            Number of Shares under Award 
                                           on the basis of achieving the 
 Director/ PDMR                              maximum performance targets 
---------------------------------------  ------------------------------- 
 Lisa Montague, Chief Executive 
  Officer                                                        188,366 
 Mike Woodcock, Chief Financial 
  Officer                                                         73,138 
 Mauricio Solojudin, Global Commercial 
  Director                                                        29,648 
 Ben Naylor, Group Operations 
  Director                                                        29,648 
 Claire Vallis, Creative Director                                 29,648 
 Carla Barnett, Group HR Director                                 29,648 
 Caroline Geary, Company Secretary                                 9,814 
---------------------------------------  ------------------------------- 

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 by way of underlying Profit Before Tax and Free Cash Flow over a three year period, ending 31 January 2025. The third underpin is a continuous improvement in sustainability, based on a reduction of carbon footprint and contribution to the UN Sustainable Development Goals.

The Awards shall vest in three tranches as set out below

                           Normal Vesting Date 
 Tranche as a percentage    of each tranche of 
  of the Award              the Award 
------------------------  -------------------- 
 40%                       30 May 2025 
 40%                       30 May 2026 
 20%                       30 May 2027 
------------------------  -------------------- 

Further details of the performance measures will be set out in the Company's 2023 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 Solojudin 
                                         4. Ben Naylor 
                                         5. Claire Vallis 
                                         6. Carla Barnett 
                                         7. Caroline Geary 
     --------------------------------  -------------------------------------- 
 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. Creative Director 
                                         6. Group HR Director 
                                         7. Company Secretary 
     --------------------------------  -------------------------------------- 
 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         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        188,366 
                                          2. Nil         73,138 
                                          3. Nil         29,648 
                                          4. Nil         29,648 
                                          5. Nil         29,648 
                                          6. Nil         29,648 
                                          7. Nil          9,814 
     --------------------------------  -------------------------------------- 
 d)   Aggregated information            Not applicable 
     --------------------------------  -------------------------------------- 
 e)   Date of the transaction           30 May 2022 
     --------------------------------  -------------------------------------- 
 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 
 Caroline Geary, Company Secretary 
 Investec Bank plc (Nominated Adviser 
  and Broker)                                   +44 (0) 20 7597 5970 
 David Anderson / Alex Wright / Ben 
 Buchanan                                       +44 (0) 20 7466 5000 
 Mark Court / Sophie Wills / Toto 


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, Scion, Clarke & Clarke and Archive by Sanderson Design.

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, Amsterdam and Dubai.

Sanderson Design Group trades on the AIM market of the London Stock Exchange under the ticker symbol SDG.

For further information please visit: www.sandersondesigngroup.com

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(END) Dow Jones Newswires

May 30, 2022 11:06 ET (15:06 GMT)

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