REG - Sanderson Design Grp - Grant of awards under LTIP

Sanderson DesignAnnouncement

06/06/2025 17:30

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RNS Number : 8865L  Sanderson Design Group PLC  06 June 2025

 06 June 2025

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 06 June 2025 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 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 06 June 2025 of £0.46 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          623,746
 Mike Woodcock, Chief Financial Officer          314,839
 Mauricio Solodujin, Global Commercial Director  112,222
 Tim Preston, Group Operations Director          112,222
 Claire Vallis, Design Director                  112,222
 Jo Walmsley, Group People Director              112,222
 Charlotte Archer, Group Marketing Director      112,222

 

 

No payment was required for the grant of the Awards.

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
FY2028, and growth in USA revenues. The third underpin is a sustainability
measure.

 

The Awards shall vest on 06 June 2028.

Further details of the performance measures will be set out in the Company's
2026 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. Tim Preston

                                                                  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 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    623,746
                                                                  2. Nil    314,839
                                                                  3. Nil    112,222
                                                                  4. Nil    112,222
                                                                  5. Nil    112,222
                                                                  6. Nil    112,222
                                                                  7. Nil    112,222
 d)  Aggregated information                                       Not applicable
 e)  Date of the transaction                                      06 June 2025
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

Not applicable

e)

Date of the transaction

06 June 2025

f)

Place of the transaction

Outside a trading venue

 

 

 

For further information:

 

 Sanderson Design Group PLC                                   c/o Burson 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 / Charlotte Young

 Singer Capital Markets (Joint Broker)                        +44 (0) 20 7496 3000
 Tom Salvesen / Jen Boorer / James Todd

 Burson 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 550 people and its products are
sold worldwide. It has showrooms in London, New York and Chicago.

Sanderson Design Group trades on the AIM market of the London Stock Exchange
under the ticker symbol SDG.

 

 

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