REG - Midwich Group PLC - Director/PDMR Shareholding
RNS Number : 8512LMidwich Group PLC10 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/ 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)
510.00p
30,000
(e)
Aggregated information
- Aggregated volume
- Price
30,000
510.00p
(f)
Date of the transaction
10 September 2019
(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 (NOMAD and Joint Broker to Midwich)
James Rudd / Carlton Nelson
Tel: +44 (0)20 7597 5970
Berenberg (Joint Broker to Midwich)
Ben Wright / Mark Whitmore / Laure Fine
Tel: +44 (0)20 3207 7800
FTI Consulting
Alex Beagley / Sam Power
Tel: +44 (0)20 3727 1000
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.ENDDSHSFDFFSFUSEIU
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