REG - Midwich Group PLC - Director/PDMR Shareholding

MidwichAnnouncement

06/02/2024 09:45

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RNS Number : 1833C  Midwich Group PLC  06 February 2024

6 February 2024

 

Midwich Group plc

("Midwich" or the "Group")

 

Director/PDMR Shareholding

 

Midwich Group plc (AIM: MIDW), a global specialist audio visual distributor to
the trade market, has received notification that Stephen Fenby has exercised
31,226 nominal cost options over ordinary shares of £0.01 each in the Company
which were awarded under the Midwich Group plc 2021 ELT stretch bonus option
agreement.

 

This information is provided in accordance with the requirements of Article
19(3) of the EU Market Abuse Regulation No 596/2014.

 

 1   Details of the person discharging managerial responsibilities

 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, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 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                                                       Exercise of options
 d)  Price(s) and volume(s)

Price      Volume
                                                                                     GBP 0.01   31,226

 
 e)  Aggregated information:  volume, Price                                          Price(s)   Aggregated Volume(s)  Aggregated Total

                                                                               GBP 0.01   31,226                £312.26
     Exercise of options

     Sales of shares to satisfy income tax, national insurance and dealing charges

 f)  Date of the transaction                                                         5 February 2024

 g)  Place of the transaction                                                        Off-market transaction

 

e)

Aggregated information:  volume, Price

Exercise of options

Sales of shares to satisfy income tax, national insurance and dealing charges

 

 Price(s)   Aggregated Volume(s)  Aggregated Total
 GBP 0.01   31,226                £312.26

f)

Date of the transaction

 

5 February 2024

g)

Place of the transaction

Off-market transaction

 

 

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

 

About Midwich Group

 

Midwich Group is a specialist AV distributor, with operations in the UK and
Ireland, EMEA, 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 displays, projectors, technical AV, broadcast, professional audio,
lighting and unified communications. 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 22,000 trade
customers, most of which are professional AV integrators and IT resellers
serving sectors such as corporate, education, retail, residential and
hospitality.

 

Initially a UK only distributor, the Group now has over 1,900 employees across
the UK and Ireland, EMEA, North America 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.midwichgroupplc.com
(http://www.midwichgroupplc.com/)

 

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