Grant of Awards under LTIP
Sanderson Design Group PLC announced on June 8, 2026, the grant of nil-cost options under its Long Term Incentive Plan to eight individuals discharging managerial responsibilities, including the CEO and CFO. These awards, based on an average share price of £0.7467, are contingent upon achieving cumulative free cash flow over three years to FY2029 and adjusted PBT for FY29, with vesting scheduled for June 8, 2029.
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Sanderson Design Group PLC (AIM: SDG), the luxury interior design and furnishings group, announces that on 08 June 2026 it granted nil-cost options (the "Awards") over ordinary shares of 1 pence each in the Company (the "Shares") to eight people discharging managerial responsibilities ("PDMR") under the Sanderson Design Group PLC 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 08 June 2026 of £0.7467 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 | 776,786 |
| Mike Woodcock, Chief Financial Officer | 399,547 |
| Mauricio Solodujin, Group Commercial Director | 174,006 |
| T im Preston , Group Operations Director | 144,837 |
| Claire Vallis, Group Design Director | 145,338 |
| Jo Walmsley, Group People Director | 154,935 |
| Charlotte Archer, Group Marketing Director | 92,961 |
| Charlotte O'Sullivan, Group Digital & Innovation Director | 108,477 |
The Awards are subject to the satisfaction of two performance targets which measure the financial performance of the Company - a minimum level of cumulative free cash flow over the three years to the end of FY2029, and adjusted PBT for FY29. The two targets carry an equal rating of 50% each.
The Awards shall vest on 08 June 2029.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | 1. Lisa Montague 2. Mike Woodcock 3. Mauricio Solodujin 4. Tim Preston 5. Claire Vallis 6. Jo Walmsley 7. Charlotte Archer 8. Charlotte O'Sullivan |
| 2. | Reason for the notification | |
| a) | Position/status | 1. Chief Executive Officer 2. Chief Financial Officer 3. Group Commercial Director 4. Group Operations Director 5. Group Design Director 6. Group People Director 7. Group Marketing Director 8. Group Digital & Innovation 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 |
| b) | Nature of the transaction | Grant of nil cost option award under the Sanderson Design Group PLC 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 776,786 2. Nil 399,547 3. Nil 174,006 4. Nil 144,837 5. Nil 145,338 6. Nil 154,935 7. Nil 92,961 8. Nil 108,477 |
| d) | Aggregated information | Not applicable |
| e) | Date of the transaction | 08 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.