REG - Sanderson Design Grp - Directorate Change

Sanderson DesignAnnouncement

29/09/2021 07:00

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RNS Number : 3490N  Sanderson Design Group PLC  29 September 2021

 For immediate release
                                          29 September 2021

 

 

SANDERSON DESIGN GROUP PLC

("Sanderson Design Group", the "Company" or the "Group")

 

Directorate Change

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and
furnishings group, announces that Mike Woodcock, an experienced finance
director with a track record in brand-based businesses, will join the Company
early next month, becoming Chief Financial Officer and a Board director on 1
November 2021. Michael Williamson, the Company's current Chief Financial
Officer, will step down from the Company on 31 October 2021 to pursue new
career opportunities.

Mike Woodcock qualified as an accountant at KPMG and has significant
experience of international luxury and consumer brands in the quoted and
private sectors. From 2001 until 2015, Mike was at Richemont Group, where his
increasingly senior roles included CFO of Alfred Dunhill and CFO of Montblanc.
He then moved to Belstaff as CFO until its sale in 2019. Most recently he was
CFO of Paperchase under its current private equity ownership.

Mike will join Sanderson Design Group on 4 October 2021 in the role of Group
Financial Officer, enabling a handover period prior to his becoming Chief
Financial Officer.

 

Dianne Thompson, Chairman of Sanderson Design Group, said:

"First, on behalf of the Board, I wish to express sincere thanks to Michael
Williamson for his significant contribution to the Company, both as Interim
CFO and as Chief Financial Officer. Michael led the Group's finances through
the challenging periods of Covid and Brexit, playing a crucial role in
substantially improving the operating performance, strategic planning,
financial control, cash management and liquidity of the business. We wish him
every success with his new career opportunities.

"I would also like to welcome Mike Woodcock to the Company. His breadth of
experience of luxury consumer brands will be of great value as we continue to
deliver our strategy for the Company's growth."

 

The following information is disclosed pursuant to Schedule Two paragraph (g)
of the AIM Rules for Companies.

 

Michael John Woodcock (48 years of age) has been a director or partner of the
following companies during the five years preceding the date of this
announcement:

 

 Current directorships and/or partnerships  Past directorships and/or partnerships

 Paperchase Products Limited                Belstaff Property Limited
 Paperchase Designs Ireland Limited         Belstaff International Limited
 Murtrang Limited                           Castlegate 790 Limited
 Murtranh Limited                           Castlegate 791 Limited
                                            Paperchase Canada Retail Ltd

 

 

Paperchase Products Limited, a company of which Mike Woodcock was appointed a
director on 2 September 2019, was placed into administration on 28 January
2021, the process of which is ongoing.

 

Paperchase Canada Retail Ltd, a company of which Mike Woodcock was a director
of from 2 September 2019 until 2 September 2021, was placed into bankruptcy on
2 September 2021.

 

Murtrang Limited, the holding company of Paperchase Products Limited and a
company of which Mike Woodcock was appointed a director on 2 September 2019,
was placed into voluntary creditors liquidation on 10 June 2021, the process
of which is ongoing.

 

Murtranh Limited, the holding company of Murtrang Limited and a company of
which Mike Woodcock was appointed a director on 2 September 2019, was placed
into voluntary creditors liquidation on 10 June 2021, the process of which is
ongoing.

 

There is no further information to be disclosed pursuant to Rule 17 or
Schedule Two paragraph (g) of the AIM Rules for Companies.

 

 

For further information:

 Sanderson Design Group PLC                        c/o Buchanan +44 (0) 20 7466 5000
 Lisa Montague, Chief Executive Officer
 Michael Williamson, 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 (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, 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, Paris,
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
(http://www.sandersondesigngroup.com)

 

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