REG - Midwich Group PLC - Director/PDMR Shareholding

MidwichAnnouncement

12/10/2023 07:00

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RNS Number : 8696P  Midwich Group PLC  12 October 2023

12 October 2023

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 Lamb, Group Finance Director has
purchased 4,901 ordinary shares in the Company ("Ordinary Shares") at 407.76
pence per share.

 

Following this transaction, Stephen Lamb and persons closely associated with
him have an interest in 43,791 Ordinary Shares, representing 0.04% 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 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)
                                                       407.76p                     4,901

 (e)  Aggregated information

      -  Aggregated volume                             4,901

      -   Price                                        407.76p
 (f)  Date of the transaction                          11 October 2023
 (g)  Place of the transaction                         London Stock Exchange

 

For further information:

 Midwich Group plc                                          +44 (0) 1379 649200

Stephen Fenby, Managing Director

Stephen Lamb, Finance Director
 Investec Bank plc (NOMAD and Joint Broker to Midwich)      +44 (0) 20 7597 5970

 Carlton Nelson / Ben Griffiths
 Berenberg (Joint Broker to Midwich)                        +44 (0) 20 3207 7800

Ben Wright / Richard Andrews
 FTI Consulting                                             +44 (0) 20 3727 1000

Alex Beagley / Tom Hufton / Rafaella de Freitas

 

About Midwich Group

 

Midwich is a specialist AV distributor to the trade market, with operations
in EMEA, the UK and Ireland, Asia Pacific and North America. The Group's
long-standing relationships with over 600 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 1,800 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
(http://www.midwichgroupplc.com/)

 

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