REG - Midwich Group PLC - Director/PDMR Shareholding

MidwichAnnouncement

09/09/2021 12:40

RNS Number : 3061L
  
Midwich Group PLC
  
09 September 2021
  
 

09 September 2021
 
Midwich Group Plc
("Midwich" or "the Group")
 
Director/PDMR Shareholding
 
Midwich Group (AIM: MIDW), a global specialist audio visual distributor to the trade market, announces that Stephen Fenby, Group Managing Director has sold 2,000,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 608.00p pence per share.
Following this transaction, Stephen Fenby and persons closely associated with him have an interest in 17,262,000 Ordinary Shares, representing 19.5% of the Company's share capital.
The Notification of Dealing Form can be found below. These notifications are made under article 19 of the Market Abuse Regulation ("MAR").
 



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


Sale of shares




(d)


Price(s) and volume(s)


Price(s)


Volume(s)












608.00p
 


2,000,000


















(e)


Aggregated information
-  Aggregated volume
-   Price


 
2,000,000
608.00p




(f)


Date of the transaction


9 September 2021




(g)


Place of the transaction


London Stock Exchange



 
 



Midwich Group plc
Stephen Fenby, Managing Director

Stephen Lamb, Finance Director


+44 (0) 1379 649200




 
FTI Consulting
Alex Beagley / Tom Hufton /  Rafaella de Freitas


 
+44 (0) 20 3727 1000




 
Investec Bank plc   (NOMAD and Joint Broker to Midwich)
Carlton Nelson / Ben Griffiths


 
+44 (0) 20 7597 5970




 
Berenberg   (Joint Broker to Midwich)
Ben Wright / Mark Whitmore / Alix Mecklenberg-Solodkoff


 
+44 (0) 20 3207 7800



 
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, EMEA, Asia Pacific and North America. The Group's long-standing relationships with over 500 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 20,000 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 around 1,000 employees across the UK and Ireland, EMEA, Asia Pacific and North America. 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHSSWFFUEFSEDU