REG - Midwich Group PLC - Director/PDMR Shareholding

MidwichAnnouncement

09/10/2018 15:20

RNS Number : 4653D
Midwich Group PLC
09 October 2018
 


 
09 October 2018
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 Lamb, Group Finance Director, has purchased 4,831 ordinary shares in the Company ("Ordinary Shares") at an average price of 656.98 pence per share.
 
Stephen Lamb now has an interest in 5,000 Ordinary Shares.
 
 



1.


Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


Stephen Lamb




2.


Reason for the notification




(a)


Position/status


Group Finance Director




(b)


Initial notification/ Amendment


Initial notification




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 the Financial Instrument


Ordinary shares of £0.01 each




(b)


Identification code of the Financial Instrument


GB00BYSXWW41




(c)


Nature of the transaction


Purchase of shares




(d)


Price(s) and volume(s)


Price(s)


Volume(s)












659.98p
654.98p
654.98p
657.31p


1,000
831
1,000
2,000


















(e)


Aggregated information
-               Aggregated volume
-               Price


 
4,831
656.98p




(f)


Date of the transaction


09 October 2018




(g)


Place of the transaction


London Stock Exchange



 
 
For further information please contact:



Midwich Group Plc
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director
 


via FTI Consulting




Investec Bank plc
James Rudd / Carlton Nelson
 


Tel: +44 (0)20 7597 5970




FTI Consulting
Alex Beagley / Sam Power
 


Tel: +44 (0)20 3727 1000



Notes to Editors
Midwich is a specialist AV and document solutions 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
 




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