REG - Sanderson Design Grp - Grant of Awards under LTIP

Sanderson DesignAnnouncement

30/05/2022 16:15

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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:

 Director/ PDMR                                  Number of Shares under Award on the basis of achieving the 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

 Tranche as a percentage of the Award  Normal Vesting Date of each tranche of 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 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    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

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 (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, 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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