SANDERSON DESIGN GROUP PLC

Remuneration Information • Jun 5, 2023

National Storage Mechanism | Additional information

RNS Number : 6743B

Sanderson Design Group PLC

05 June 2023

For immediate release	5 June 2023

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 2 June 2023 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to six 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 2 June 2023 of 123.5  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	223,391
Mike Woodcock, Chief Financial Officer	86,737
Mauricio Solodujin, Global Commercial Director	35,160
Ben Naylor, Group Operations Director	35,160
Claire Vallis, Design Director	35,160
Carla Barnett, Group HR Director	35,160

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, Operating Cash Flow over a three year period ending 31 January 2026 and growth in sales in the key US market. 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%	2 June 2026
40%	2 June 2027
20%	2 June 2028

Further details of the performance measures will be set out in the Company's 2024 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

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

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	223,391
2. Nil	86,737
3. Nil	35,160
4. Nil	35,160
5. Nil	35,160
6. Nil	35,160

d)

Aggregated information

Not applicable

e)

Date of the transaction

2 June 2023

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 / 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, Scion, 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, and Amsterdam.

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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