For immediate
release
18 June 2024
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 17 June 2024
for nil consideration pursuant to a conditional award made on 14
June 2021. 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:
|
Executive Director
|
No.
of Ordinary Shares subject to
vesting
|
Resultant Interest in Ordinary Shares
|
% of
Total Voting Rights
|
|
Lisa Montague
|
18,513
|
435,876
|
0.61%
|
The Company has allotted 82,117
Ordinary Shares, in aggregate, in order to satisfy the Vesting (the
"New Ordinary Shares"). The New Ordinary Shares have been admitted
to trading on AIM pursuant to the Company's existing block listing
admission facility.
Total Voting Rights
Following the Vesting and allotment
of the New Ordinary Shares, the Company hereby notifies that, as at
the date of this announcement, the Company's issued share capital
consists of 71,788,342 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 71,788,342.
The above figure of 71,788,342
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. Mauricio
Solodujin
3. Claire
Vallis
4. Ben
Naylor
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief
Executive Officer
2. Global
Commercial Director
3. Creative
Director
4. 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
|
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
|
18,513
|
|
2.
Nil
|
4,483
|
|
3.
Nil
|
3,920
|
|
4.
Nil
|
3,411
|
|
|
d)
|
Aggregated information
|
Not applicable
|
|
e)
|
Date of the transaction
|
17 June 2024
|
|
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
|
|
|
David Gracie, Company
Secretary
|
|
|
|
|
|
Investec Bank plc (Nominated Adviser and Joint
Broker)
|
+44 (0) 20 7597
5970
|
|
David Anderson / Ben
Farrow
|
|
|
|
|
|
Singer Capital Markets (Joint Broker)
|
+44 (0) 20 7496
3000
|
|
Tom Salvesen / Jen Boorer / Alex
Emslie
|
|
|
|
|
|
Buchanan
|
+44 (0) 20 7466
5000
|
|
Mark Court / Sophie Wills /
Toto Berger / Abigail Gilchrist
|
|
|
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 600 people and its products are sold worldwide. It
has showrooms in London, New York, Chicago and
Amsterdam.
Sanderson Design Group trades on the
AIM market of the London Stock Exchange under the ticker symbol
SDG.
LEI: 213800A8K2WOUZJIQL93
For further information please
visit: www.sandersondesign.group