Midwich Group PLC Director/PDMR Shareholding (2403Q)
October 16 2023 - 4:22AM
UK Regulatory
TIDMMIDW
RNS Number : 2403Q
Midwich Group PLC
16 October 2023
16 October 2023
Midwich Group plc
("Midwich" or the "Group")
Director/PDMR Shareholding
Midwich Group (AIM: MIDW), a global specialist audio visual
distributor to the trade market, announces that Stephen Fenby,
Group Managing Director has purchased 24,170 ordinary shares in the
Company ("Ordinary Shares") at 409.79 pence per share.
Following this transaction, Stephen Fenby and persons closely
associated with him have an interest in 17,331,170 Ordinary Shares,
representing 16.8% of the Company's share capital.
The Notification of Dealing Form can be found below. These
notifications are made under article 19 of the Market Abuse
Regulation ("MAR").
Details of the person discharging managerial responsibilities/person
1. closely associated
(a) Name Stephen Fenby
----------------------------------------- ----------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------------
(a) Position/status Group Managing Director
----------------------------------------- ----------------------------------
(b) Initial notification/ Initial notification
Amendment
----------------------------------------- ----------------------------------
Details of the issuer
3.
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(a) Name Midwich Group Plc
----------------------------------------- ----------------------------------
(b) LEI 213800TUH2ZU68PZZN12
----------------------------------------- ----------------------------------
Details of the transaction(s): section to be repeated
4. 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 volume(s) Price(s) Volume(s)
---------------- ----------------
405.0p 1,000
410.0p 23,170
---------------- ----------------
(e) Aggregated information
* Aggregated volume 24,170
409.79p
- Price
----------------------------------------------- ----------------------------------
(f) Date of the transaction 13 October 2023
----------------------------------------- ----------------------------------
(g) Place of the transaction London Stock Exchange
----------------------------------------- ----------------------------------
For further information:
Midwich Group plc
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director +44 (0) 1379 649200
Investec Bank plc (NOMAD and Joint
Broker to Midwich) +44 (0) 20 7597
Carlton Nelson / Ben Griffiths 5970
Berenberg (Joint Broker to Midwich) +44 (0) 20 3207
Ben Wright / Richard Andrews 7800
FTI Consulting
Alex Beagley / Tom Hufton / Rafaella +44 (0) 20 3727
de Freitas 1000
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with
operations in EMEA, the UK and Ireland, Asia Pacific and North
America. The Group's long-standing relationships with over 600
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 1,800
employees across the UK and Ireland, EMEA, 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
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END
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