Director dealings: Midwich managing director raises stake

(Sharecast News) - Midwich Group revealed on Monday that managing director Stephen Fenby had acquired 50,000 ordinary shares in the AIM-listed audio-visual distributor.

Fenby, who joined Midwich in 2004, purchased the shares on Friday at an average price of 375.77p each, for a total value of £187,885.

Following the transaction, Fenby and persons closely associated to him have an interest in 17.38m ordinary Midwich shares, representing approximately 16.68% of the company's issued share capital.

In September, Midwich Group reported a robust first-half financial performance, even amid challenging market conditions. Midwich said revenue for the six months ended 30 June increased 7.4% to £610.4m, up from £568.4m in the same period last year.

As of 1600 GMT, Midwich shares were up 4.26% at 392.0p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Jardine Matheson Holdings Ltd (singapore Reg) (JAR)

Director name: Hsu,David

Amount purchased: 13,000 @ $40.34

Value: $524,361.48

Midwich Group (MIDW)

Director name: Fenby,Stephen

Amount purchased: 50,000 @ 375.77p

Value: �187,885.00

Rolls-royce Holdings (RR.)

Director name: Erginbilgic,Tufan

Amount purchased: 15,586 @ 200.50p

Value: �31,249.93

Public Policy Holding Company, Inc. (di) (reg S, Cat3) (PPHC)

Director name: Hall,George Stewart

Amount purchased: 25,000 @ 114.00p

Value: �28,500.00

Arbuthnot Banking Group (ARBB)

Director name: Almond,Jayne

Amount purchased: 1,500 @ 915.00p

Value: �13,725.00

Arbuthnot Banking Group (ARBB)

Director name: Almond,Jayne

Amount purchased: 1,500 @ 910.00p

Value: �13,650.00

Staffline Group (STAF)

Director name: Spain,Thomas

Amount purchased: 48,716 @ 26.40p

Value: �12,861.02

Rolls-royce Holdings (RR.)

Director name: McCabe,Helen

Amount purchased: 6,026 @ 200.50p

Value: �12,082.13

Pharos Energy (PHAR)

Director name: Brown,Jann M

Amount purchased: 29,896 @ 21.90p

Value: �6,547.22

Pharos Energy (PHAR)

Director name: Rivett,Sue

Amount purchased: 4,453 @ 21.90p

Value: �975.21

Top Director Sells

Staffline Group (STAF)

Director name: Spain,Thomas

Amount sold: 48,716 @ 26.40p

Value: �12,861.02