Midwich Group PLC Director/PDMR Shareholding (8512L)
September 10 2019 - 7:55AM
UK Regulatory
TIDMMIDW
RNS Number : 8512L
Midwich Group PLC
10 September 2019
10 September 2019
Midwich Group Plc
("Midwich" or "the Group")
Director/PDMR Shareholding
Midwich, the leading specialist audio visual and document
solutions distributor to the trade market, announces that Stephen
Fenby, Group Managing Director, has bought 30,000 ordinary shares
in the Group ("Ordinary Shares") at an average price of 510.00
pence per share.
Stephen Fenby now has an interest in 19,100,000 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)
---------------- ----------------
510.00p 30,000
---------------- ----------------
(e) Aggregated information
* Aggregated volume 30,000
510.00p
- Price
----------------------------------------------- ----------------------------------
(f) Date of the transaction 10 September 2019
----------------------------------------- ----------------------------------
(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 (NOMAD and Joint Tel: +44 (0)20 7597 5970
Broker to Midwich)
James Rudd / Carlton Nelson
Berenberg (Joint Broker to Midwich) Tel: +44 (0)20 3207 7800
Ben Wright / Mark Whitmore / Laure
Fine
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, Continental Europe and Asia
Pacific. The Group's long-standing relationships with over 400
vendors, including blue-chip organisations, support a comprehensive
product portfolio across major audio visual categories such as
large format displays, projectors, digital signage and professional
audio. 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 over 17,000 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 900 employees
across the UK and Ireland, Continental Europe and Asia Pacific. 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.midwichplc.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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