Last checked at 31 Oct 2016 07:00
31 October 2016
Midwich Group Plc
("Midwich" or "the Group")
Director/PDMR Shareholding
The Company has been notified that on 28 October 2016, Sharon Herbert, wife of Andrew Herbert, Non-Executive Chairman, purchased 10,000 ordinary shares of 1 penny each in the Group ("Ordinary Shares") at a price of 220 pence per share. Andrew Herbert now has an interest in 20,000 Ordinary Shares representing approximately 0.03% of Midwich's issued share capital.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
(a) | Name | Sharon Herbert | |
2. | Reason for the notification | ||
(a) | Position/status | Wife of Non-Executive Chairman, Andrew Herbert | |
(b) | Initial notification/ Amendment | Initial notification | |
3. | Details of the issuer | ||
(a) | Name | Midwich Group Plc | |
(b) | LEI | N/A | |
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 1 penny 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) |
220 pence | 10,000 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 2016-10-28 | |
(g) | Place of the transaction | London Stock Exchange | |
Enquiries:
Midwich Group +44 (0) 13 7964 9200Stephen Fenby, Managing Director Anthony Bailey, Finance Director
FTI Consulting +44 (0) 20 3727 1000Oliver Winters/ Alex Beagley/ Tom Hufton
Note to Editors:
Midwich is a specialist AV and document solutions distributor to the trade market, with operations in the UK and Ireland, France, Germany and Australasia. The Group's long-standing relationships with over 300 vendors, including blue-chip organisations such as Samsung, LG, Epson and NEC, supports a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and printers. 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 approximately 10,000 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 493 employees across the UK, Germany, France, Ireland, Australia and New Zealand, and in the six months to 30 June 2016, 36 per cent of the Group's revenues were derived from outside the UK. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.