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WGB Walker Greenbank Plc

76.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Sanderson Design Group PLC Grant of Awards under LTIP (7993B)

14/06/2021 10:51am

UK Regulatory


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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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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June 14, 2021 05:51 ET (09:51 GMT)

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