Last checked at 16 Sep 2019 09:33
16 September 2019
Midwich Group Plc
("Midwich" or "the Group")
Director/PDMR Shareholding
Midwich, the leading specialist audio visual distributor to the trade market, announces that Stephen Fenby, Group Managing Director, has bought 25,000 ordinary shares in the Group ("Ordinary Shares") at a price of 479.00.00 pence per share.
Stephen Fenby now has an interest in 19,125,000 Ordinary Shares.
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 | Purchase of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
479.00p
| 25,000 | ||
(e) | Aggregated information - Aggregated volume - Price |
25,000 479.00p | |
(f) | Date of the transaction | 13 September 2019 | |
(g) | Place of the transaction | London Stock Exchange | |
For further information please contact:
Midwich Group Plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director
| via FTI Consulting |
Investec Bank plc (NOMAD and Joint Broker to Midwich) James Rudd / Carlton Nelson
| Tel: +44 (0)20 7597 5970 |
Berenberg (Joint Broker to Midwich) Ben Wright / Mark Whitmore / Laure Fine
| Tel: +44 (0)20 3207 7800 |
FTI Consulting Alex Beagley / Sam Power
| Tel: +44 (0)20 3727 1000 |
Notes to Editors
Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe and Asia Pacific. The Group's long-standing relationships with over 400 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 17,000 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 900 employees across the UK and Ireland, Continental Europe 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.midwichplc.com