Midwich Group PLC Director/PDMR Shareholding (6627T)
July 21 2020 - 8:54AM
UK Regulatory
TIDMMIDW
RNS Number : 6627T
Midwich Group PLC
21 July 2020
21 July 2020
Midwich Group PLC
("Midwich" or "the Group")
Director/PDMR Shareholdings
Midwich Group (AIM: MIDW), a specialist audio visual distributor
to the trade market with operations across the UK and Ireland,
Continental Europe, Asia Pacific and North America, announces that
Stephen Fenby, Group Managing Director and Stephen Lamb, Group
Finance Director, have today bought 25,000 and 2,500 ordinary
shares in the Company ("Ordinary Shares") respectively. Stephen
Fenby's shares were purchased at an average price of 377.36 pence
per share and Stephen Lamb's at a price of 370.99 pence per
share.
Following these transactions, Stephen Fenby and persons closely
associated with him have an interest in 19,350,000 Ordinary Shares
and Stephen Lamb has an interest in 10,691 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/ Initial notification
Amendment
----------------------------------------- ----------------------------------
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 Ordinary shares of GBP0.01 each
the Financial
Instrument
----------------------------------------- ----------------------------------
(b) Identification GB00BYSXWW41
code of the Financial
Instrument
----------------------------------------- ----------------------------------
(c) Nature of the Purchase of shares
transaction
----------------------------------------- ----------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
---------------- ----------------
377.36p 25,000
---------------- ----------------
Aggregated information
* Aggregated volume
25,000
(e) - Price 377.36p
----------------------------------------- ----------------------------------
(f) Date of the transaction 21(st) July 2020
----------------------------------------- ----------------------------------
(g) Place of the London Stock Exchange
transaction
----------------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Stephen Lamb
----------------------------------------- ----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
(a) Position/status Group Finance Director
----------------------------------------- ----------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- ----------------------------------
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 Ordinary shares of GBP0.01 each
the Financial
Instrument
----------------------------------------- ----------------------------------
(b) Identification GB00BYSXWW41
code of the Financial
Instrument
----------------------------------------- ----------------------------------
(c) Nature of the Purchase of shares
transaction
----------------------------------------- ----------------------------------
(d) Price(s) and Price(s) Volume(s)
volume(s)
---------------- ----------------
370.99p 2,500
---------------- ----------------
Aggregated information
* Aggregated volume
2,500
(e) - Price 370.99p
----------------------------------------- ----------------------------------
(f) Date of the transaction 21(st) July 2020
----------------------------------------- ----------------------------------
(g) Place of the London Stock Exchange
transaction
----------------------------------------- ----------------------------------
For further information:
Midwich Group plc Tel: +44 (0) 13
Stephen Fenby, Managing Director 7964 9200
Stephen Lamb, Finance Director
Investec Bank plc (NOMAD and Joint Broker Tel: +44 (0) 20
to Midwich) 7597 5970
James Rudd
Carlton Nelson
Berenberg (Joint Broker to Midwich) Tel: +44 (0) 20
Ben Wright 3207 7800
Mark Whitmore
Alix Mecklenberg-Solodkoff
FTI Consulting Tel: +44 (0) 20
Alex Beagley 3727 1000
Tom Hufton
Rafaella de Freitas
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with
operations in the UK and Ireland, Continental Europe, Asia Pacific
and North America. The Group's long-standing relationships with
over 500 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 20,000 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 around 1,000
employees across the UK and Ireland, Continental Europe, Asia
Pacific and North America. 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
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 rns@lseg.com or visit www.rns.com.
END
DSHSEEFDFESSEIW
(END) Dow Jones Newswires
July 21, 2020 09:54 ET (13:54 GMT)
Midwich (LSE:MIDW)
Historical Stock Chart
From Apr 2024 to May 2024
Midwich (LSE:MIDW)
Historical Stock Chart
From May 2023 to May 2024