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LONDON - Sanderson Design Group PLC (AIM:SDG), the renowned luxury interior design and furnishings group, has granted nil-cost options over ordinary shares to seven key management personnel as part of its Long Term Incentive Plan (LTIP). The awards were made on Friday, based on a share price of £0.46, and are set to vest on June 6, 2028, contingent on the achievement of specific performance targets.
The recipients of the awards include Lisa Montague, the Chief Executive Officer, who received options for 623,746 shares, and Mike Woodcock, the Chief Financial Officer, with 314,839 shares. Other recipients are Mauricio Solodujin, Global Commercial Director; Tim Preston, Group Operations Director; Claire Vallis, Design Director; Jo Walmsley, Group People Director; and Charlotte Archer, Group Marketing Director, each being awarded options for 112,222 shares.
These awards carry no cost for the grant but are subject to the satisfaction of three performance conditions, which include financial benchmarks like cumulative free cash flow and growth in USA revenues, as well as a sustainability measure.
The specific performance measures tied to these awards will be detailed in the company’s 2026 Annual Report and Accounts. The LTIP is designed to align the interests of the management team with those of the shareholders by incentivizing the achievement of long-term corporate goals.
Sanderson Design Group, which owns brands such as Zoffany, Sanderson, Morris & Co., Harlequin, Clarke & Clarke, and Scion, operates with a strong UK manufacturing presence and sells products globally through showrooms in London, New York, and Chicago.
The information disclosed is based on a press release statement and provides investors and the market with insights into the company’s management incentives and its focus on long-term performance and sustainability.
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