REG - Sanderson Design Grp - Vesting of LTIP Awards and Total Voting Rights

Sanderson DesignAnnouncement

24/11/2022 16:00

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RNS Number : 5499H  Sanderson Design Group PLC  24 November 2022

 For immediate release  24 November 2022

 

SANDERSON DESIGN GROUP PLC

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

 

Vesting of Awards under LTIP, Director/PDMR Shareholdings

and Total Voting Rights

 

 

Sanderson Design Group PLC (AIM: SDG), the luxury interior design and
furnishings group, announces that Lisa Montague, Chief Executive Officer,
certain other persons discharging managerial responsibilities ("PDMRs") and
employees have received ordinary shares of 1p each in the Company ("Ordinary
Shares") under the terms of the Company's Long-Term Incentive Plan ("LTIP")
(the "Vesting").

The awards vested on 24 November 2022 for nil consideration pursuant to a
conditional award made on 21 November 2019. The number of Ordinary Shares
which vested is stated after the deduction of the relevant taxation and
National Insurance charges.

Following the Vesting, Lisa Montague's holding of Ordinary Shares is set out
in the table below:

 Director       No. of Ordinary Shares subject to vesting  Resultant Interest in Ordinary Shares  % of Total Voting Rights
 Lisa Montague  263,279                                    371,376                                0.52

 

484,701 Ordinary Shares in aggregate have been allotted and issued under an
existing block listing in order to satisfy the Vesting.

Total Voting Rights

Following the Vesting, the Company hereby notifies that, as at the date of
this announcement, the Company's issued share capital consists of 71,468,206
Ordinary Shares, with one voting right per Ordinary Share. The Company does
not hold any Ordinary Shares in Treasury, therefore, the total number of
Ordinary Shares in the Company with voting rights is 71,468,206

The above figure of 71,468,206 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         1. Lisa Montague

                                                                  2. Carla Barnett

                                                                  3. Mauricio Solodujin

                                                                  4. Claire Vallis

                                                                  5. Caroline Geary
 2.  Reason for the notification
 a)  Position/status                                              1. Chief Executive Officer

                                                                  2. Group HR Director

                                                                  3. Global Commercial Director

                                                                  4. Creative Director

                                                                  5. 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                                    Receipt of Ordinary Shares pursuant to a conditional award under the Company's
                                                                  LTIP
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                            1. Nil    263,279
                                                                  2. Nil      34.910
                                                                  3. Nil      39,793
                                                                  4. Nil      17,455
                                                                  5. Nil        7,431
 d)  Aggregated information                                       Not applicable

 e)  Date of the transaction                                      24 November 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 

 

Not applicable

e)

Date of the transaction

24 November 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 / Toto Berger / Abby 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, 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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