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Sanderson Design Group PLC announced that its CEO Lisa Montague, CFO Mike Woodcock, other PDMRs, and employees received an aggregate of 61,463 Ordinary Shares on 30 May 2025 under the Company's Long-Term Incentive Plan for nil consideration. Following this vesting and the allotment of new shares, Lisa Montague holds 517,977 Ordinary Shares (0.72% of total voting rights) and Mike Woodcock holds 9,654 Ordinary Shares (0.01%). As of 3 June 2025, the Company's total issued share capital with voting rights is 72,056,316 Ordinary Shares.
| Date | 3 Jun 2025 |
| Time | 13:24:21 |
| Category | Miscellaneous |
| ID | 2562L |
For immediate release 3 June 2025
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, Mike Woodcock, Chief Financial 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 30 May 2025 for nil consideration pursuant to a conditional award made on 30 May 2022. 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 and Mike Woodcock's holdings of Ordinary Shares are 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 |
13,289 |
517,977 |
0.72% |
|
Mike Woodcock |
9,654 |
9,654 |
0.01% |
The Company has allotted 61,463 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 72,056,316 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 72,056,316.
The above figure of 72,056,316 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.
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
1. Lisa Montague 2. Mike Woodcock 3. Mauricio Solodujin 4. Claire Vallis 5. Charlotte Archer
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2. |
Reason for the notification |
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a) |
Position/status |
1. Chief Executive Officer 2. Chief Financial Officer 3. Global Commercial Director 4. Design Director 5. Group Marketing Director
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Sanderson Design Group PLC |
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b) |
LEI |
213800A8K2WOUZJIQL93 |
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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 |
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|
a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary Shares of 1 pence each
GB0003061511 |
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b) |
Nature of the transaction |
Receipt of Ordinary Shares pursuant to a conditional award under the Company's LTIP |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information |
Not applicable |
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e) |
Date of the transaction |
30 May 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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For further information:
|
Sanderson Design Group PLC |
c/o Burson Buchanan +44 (0) 20 7466 5000 |
|
Lisa Montague, Chief Executive Officer |
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Mike Woodcock, Chief Financial Officer |
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David Gracie, Company Secretary |
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Investec Bank plc (Nominated Adviser and Joint Broker) |
+44 (0) 20 7597 5970 |
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David Anderson / Ben Farrow / Charlotte Young |
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Singer Capital Markets (Joint Broker) |
+44 (0) 20 7496 3000 |
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Tom Salvesen / Jen Boorer / James Todd |
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Burson Buchanan |
+44 (0) 20 7466 5000 |
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Mark Court / Sophie Wills / Toto Berger / Abigail Gilchrist |
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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 550 people and its products are sold worldwide. It has showrooms in London, New York and Chicago.
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