Grant of Awards under LTIP

RNS Number : 7993B

Sanderson Design Group PLC

14 June 2021

 

For immediate release

14 June 2021

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 14 June 2021 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to eight persons discharging managerial responsibilities ("PDMR") under the Sanderson Design Group PLC 2015 Long Term Incentive Plan (the "LTIP"), based on the closing mid-market price on 11 June 2021 of 175.00  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	132,454
Michael Williamson, Chief Financial Officer	48,177
Mauricio Solojudin, Global Commercial Director	26,960
Nigel Hunt, Global Marketing & Digital Director	25,250
Ben Naylor, Group Operations Director	19,479
Claire Vallis, Creative Director	22,517
Carla Barnett, Group HR Director	19,710
Caroline Geary, Company Secretary	7,668

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 2024. 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%	14 June 2024
40%	14 June 2025
20%	14 June 2026

Further details of the performance measures will be set out in the Company's 2022 Annual Report and Accounts.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lisa Montague
2.	Reason for the notification
a)	Position/status	Chief Executive Officer
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 Identification code	Ordinary Shares of 1 pence each 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) Nil 132,454
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Williamson
2.	Reason for the notification
a)	Position/status	Chief Financial Officer
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 Identification code	Ordinary Shares of 1 pence each 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) Nil 48,177
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mauricio Soldujin
2.	Reason for the notification
a)	Position/status	Global Commercial 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 Identification code	Ordinary Shares of 1 pence each 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) Nil 26,960
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Nigel Hunt
2.	Reason for the notification
a)	Position/status	Global Marketing & Digital 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 Identification code	Ordinary Shares of 1 pence each 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) Nil 25,250
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ben Naylor
2.	Reason for the notification
a)	Position/status	Group Operations 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 Identification code	Ordinary Shares of 1 pence each 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) Nil 19,479
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Claire Vallis
2.	Reason for the notification
a)	Position/status	Creative 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 Identification code	Ordinary Shares of 1 pence each 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) Nil 22,517
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Carla Barnett
2.	Reason for the notification
a)	Position/status	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 instrument, type of instrument Identification code	Ordinary Shares of 1 pence each 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) Nil 19,710
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Caroline Geary
2.	Reason for the notification
a)	Position/status	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 Identification code	Ordinary Shares of 1 pence each 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) Nil 7,668
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	14 June 2021
f)	Place of the transaction	Outside a trading venue

For further information:

Sanderson Design Group PLC	c/o Buchanan [phone]
Lisa Montague, Chief Executive Officer
Michael Williamson, Chief Financial Officer
Caroline Geary, Company Secretary
Investec Bank plc (Nominated Adviser and Broker)	[phone]
David Anderson / Alex Wright / Ben Farrow
Buchanan	[phone]
Mark Court / Sophie Wills / Toto Berger / Charlotte Slater

[e-mail]

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, Anthology 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, 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

 

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