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Midwich Group PLC (MIDW)

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Monday 29 April, 2019

Midwich Group PLC

Director/PDMR Shareholding

RNS Number : 3202X
Midwich Group PLC
28 April 2019
 

 

29 April 2019

Midwich Group Plc

("Midwich" or "the Group")

Director/PDMR Shareholding

 

  

Midwich, the leading specialist audio visual and document solutions distributor to the trade market, announces that Stephen Fenby, Group Managing Director, has sold 1,000,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 625.00 pence per share.

 

Stephen Fenby now has an interest in 19,040,000 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

Sale of shares

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



625.00p

 

1,000,000




(e)

Aggregated information

-               Aggregated volume

-               Price

 

1,000,000

625.00p

(f)

Date of the transaction

26 April 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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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