SANDERSON DESIGN GROUP PLC

Remuneration Information • May 30, 2022

National Storage Mechanism | Additional information

RNS Number : 2895N

Sanderson Design Group PLC

30 May 2022

For immediate release	30 May 2022

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 30 May 2022 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to 7 persons 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 30 May 2022 of 140.83  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	188,366
Mike Woodcock, Chief Financial Officer	73,138
Mauricio Solojudin, Global Commercial Director	29,648
Ben Naylor, Group Operations Director	29,648
Claire Vallis, Creative Director	29,648
Carla Barnett, Group HR Director	29,648
Caroline Geary, Company Secretary	9,814

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 2025. 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 of the Award	Normal Vesting Date of each tranche of the Award
40%	30 May 2025
40%	30 May 2026
20%	30 May 2027

Further details of the performance measures will be set out in the Company's 2023 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 Solojudin

4. Ben Naylor

5. Claire Vallis

6. Carla Barnett

7. Caroline Geary

2.

Reason for the notification

a)

Position/status

1. Chief Executive Officer

1. Chief Financial Officer

2. Global Commercial Director

3. Group Operations Director

4. Creative Director

6. Group HR Director

7. 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 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	188,366
2. Nil	73,138
3. Nil	29,648
4. Nil	29,648
5. Nil	29,648
6. Nil	29,648
7. Nil	9,814

d)

Aggregated information

Not applicable

e)

Date of the transaction

30 May 2022

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
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

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, Clarke & Clarke and Archive by Sanderson Design.

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, 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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