REG - Sanderson Design Grp - Grant of Awards under LTIP

Sanderson DesignAnnouncement

29/05/2024 16:15

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RNS Number : 3318Q  Sanderson Design Group PLC  29 May 2024

 29 May 2024

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  Ordinary Shares of 1 pence each

     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    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

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 (mailto: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
(http://www.sandersondesign.group)

 

 

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