Vesting of Awards under LTIP and TVR
Sanderson Design Group PLC announced the vesting of awards under its Long-Term Incentive Plan, resulting in the issuance of ordinary shares to its Chief Executive Officer, Lisa Montague, and Chief Financial Officer, Mike Woodcock, among other PDMRs and employees. Following this, Lisa Montague now holds 611,619 ordinary shares, representing 0.85% of the total voting rights, and Mike Woodcock holds 38,390 ordinary shares, representing 0.05%. The total issued share capital of the company now stands at 72,264,620 ordinary shares, with one voting right per share.
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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 02 June 2026 for nil consideration pursuant to a conditional award made on 02 June 2023. 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:
| Lisa Montague | 24,563 | 611,619 | 0.85% |
| Mike Woodcock | 19,082 | 38,390 | 0.05% |
The LTIP Awards have been satisfied by way of transfer from the Employee Benefit Trust.
Total Voting Rights
Following the Vesting, the Company hereby notifies that, as at the date of this announcement, the Company's issued share capital consists of 72,264,620 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 72,264,620.
The above figure of 72,264,620 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.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1. Lisa Montague 2. Mike Woodcock 3. Mauricio Solodujin 4. Claire Vallis 5. Charlotte Archer |
| 2. | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Global Commercial Director 4. Design Director 5. Group Marketing Director |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Sanderson Design Group PLC |
| b) | LEI | 213800A8K2WOUZJIQL93 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 1 pence each GB0003061511 |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 24,563 2. Nil 19,082 3. Nil 3,866 4. Nil 3,866 5. Nil 736 |
| d) | Aggregated information | Not applicable |
| e) | Date of the transaction | 02 June 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.