Midwich Group PLC Director/PDMR Shareholding (8843J)
December 10 2018 - 2:01AM
UK Regulatory
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RNS Number : 8843J
Midwich Group PLC
10 December 2018
10 December 2018
Midwich Group Plc
("Midwich" or "the Group")
Director/PDMR Shareholding
Midwich, the leading specialist audio visual distributor to the
trade market, announces that Stephen Fenby, Group Managing
Director, has purchased 40,000 ordinary shares in the Company
("Ordinary Shares") at an average price of 500.5 pence per
share.
Stephen Fenby now has an interest in 20,040,000 Ordinary
Shares.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Stephen Fenby
----------------------------------------- ----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
(a) Position/status Group Managing Director
----------------------------------------- ----------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- ----------------------------------
3. Details of the issuer
-----------------------------------------------------------------------------
(a) Name Midwich Group Plc
----------------------------------------- ----------------------------------
(b) LEI 213800TUH2ZU68PZZN12
----------------------------------------- ----------------------------------
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 Ordinary shares of GBP0.01 each
the Financial
Instrument
----------------------------------------- ----------------------------------
(b) Identification GB00BYSXWW41
code of the Financial
Instrument
----------------------------------------- ----------------------------------
(c) Nature of the Purchase of shares
transaction
----------------------------------------- ----------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
---------------- ----------------
500.5p 40,000
---------------- ----------------
(e) Aggregated information
* Aggregated volume 40,000
500.5p
- Price
----------------------------------------------- ----------------------------------
(f) Date of the transaction 7 December 2018
----------------------------------------- ----------------------------------
(g) Place of the transaction London Stock Exchange
----------------------------------------- ----------------------------------
For further information please contact:
Midwich Group Plc via FTI Consulting
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director
Investec Bank plc Tel: +44 (0)20 7597 5970
James Rudd / Carlton Nelson
FTI Consulting Tel: +44 (0)20 3727 1000
Alex Beagley / Sam Power
Notes to Editors
Midwich is a specialist AV distributor to the trade market, with
operations in the UK and Ireland, France, Germany, Iberia, the
Benelux and Australasia. The Group's long-standing relationships
with over 330 vendors, including blue-chip organisations such as
Samsung, LG, Epson and NEC, supports a comprehensive product
portfolio across major audio visual categories such as large format
displays, projectors, digital signage and printers. The Group
operates as the sole or largest in-country distributor for a number
of its vendors in their respective product sets. The Directors
attribute this position to the Group's technical expertise,
extensive product knowledge and strong customer service offering
built up over a number of years. The Group has a large and diverse
base of approximately 13,000 customers, most of which are
professional AV integrators and IT resellers serving sectors such
as corporate, education, retail, residential and hospitality.
Although the Group does not sell directly to end users, it believes
that the majority of its products are used by commercial and
educational establishments rather than consumers.
Initially a UK only distributor, the Group now has over 750
employees across the UK, Germany, France, Ireland, Iberia, the
Benelux, and Australasia. A core component of the Group's growth
strategy is further expansion of its international operations and
footprint into strategically targeted jurisdictions.
For further information, please visit
www.midwichgroupplc.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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