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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Walker Greenbank Plc | LSE:WGB | London | Ordinary Share | GB0003061511 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 76.00 | 74.00 | 78.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSDG
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 Normal Vesting Date of the Award 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 Ordinary Shares of 1 pence each instrument, type of instrument GB0003061511 Identification code -------------------------------- -------------------------------------- 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 +44 (0) 20 7466 5000 Lisa Montague, Chief Executive Officer Michael Williamson, 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 / Charlotte Slater
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, 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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(END) Dow Jones Newswires
June 14, 2021 05:51 ET (09:51 GMT)
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