SANDERSON DESIGN GROUP PLC

Remuneration Information • May 29, 2024

National Storage Mechanism | Additional information

RNS Number : 3318Q

Sanderson Design Group PLC

29 May 2024

29 May 2024

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 29 May 2024 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to seven people discharging managerial responsibilities ("PDMR") under the Sanderson Design Group PLC 2015 Long Term Incentive Plan (the "LTIP"), based on the average closing mid-market price for the three trading days preceding the date of grant on 29 May 2024 o f 105.3 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	272,481
Mike Woodcock, Chief Financial Officer	137,536
Mauricio Solodujin, Global Commercial Director	48,072
Ben Naylor, Group Operations Director	48,072
Claire Vallis, Design Director	48,072
Jo Walmsley, Group People Director	48,072
Charlotte Archer, Group Marketing Director	48,072

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, a minimum level of cumulative free cash flow over the three years to the end of FY2027, and growth in USA revenues. The third underpin is a sustainability measure, which includes making progress on the roadmap to the NetZeroby30 pledge.

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%	29 May 2027
40%	29 May 2028
20%	29 May 2029

Further details of the performance measures will be set out in the Company's 2025 Annual Report and Accounts.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1. Lisa Montague

2. Mike Woodcock

3. Mauricio Solodujin

4. Ben Naylor

5. Claire Vallis

6. Jo Walmsley

7. Charlotte Archer

2.

Reason for the notification

a)

Position/status

1. Chief Executive Officer

2. Chief Financial Officer

3. Global Commercial Director

4. Group Operations Director

5. Design Director

6. Group People Director

7. Group Marketing 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)
1. Nil	272,481
2. Nil	137,536
3. Nil	48,072
4. Nil	48,072
5. Nil	48,072
6. Nil	48,072
7. Nil	48,072

d)

Aggregated information

Not applicable

e)

Date of the transaction

29 May 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

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