TIDMSDG
RNS Number : 6743B
Sanderson Design Group PLC
05 June 2023
For immediate release 5 June 2023
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 2 June 2023 it
granted nil-cost options (the "Awards") over ordinary shares of 1
pence each in the Company (the "Shares") to six 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 2 June 2023 of 123.5 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 223,391
Mike Woodcock, Chief Financial
Officer 86,737
Mauricio Solodujin, Global Commercial
Director 35,160
Ben Naylor, Group Operations
Director 35,160
Claire Vallis, Design Director 35,160
Carla Barnett, Group HR Director 35,160
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, Operating Cash Flow over a three year
period ending 31 January 2026 and growth in sales in the key US
market. 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% 2 June 2026
40% 2 June 2027
20% 2 June 2028
------------------------ --------------------
Further details of the performance measures will be set out in
the Company's 2024 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
-------------------------------- --------------------------------------
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
-------------------------------- --------------------------------------
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 223,391
----------
2. Nil 86,737
----------
3. Nil 35,160
----------
4. Nil 35,160
----------
5. Nil 35,160
----------
6. Nil 35,160
----------
-------------------------------- --------------------------------------
d) Aggregated information Not applicable
-------------------------------- --------------------------------------
e) Date of the transaction 2 June 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
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 / 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, Scion, and Clarke & Clarke.
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.
For further information please visit:
www.sandersondesigngroup.com
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END
DSHBBGDLDDGDGXU
(END) Dow Jones Newswires
June 05, 2023 07:23 ET (11:23 GMT)
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