TIDMSDG
RNS Number : 2895N
Sanderson Design Group PLC
30 May 2022
For immediate release 30 May 2022
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 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
Farrow
Buchanan +44 (0) 20 7466 5000
Mark Court / Sophie Wills / Toto
Berger
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, 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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