TIDMMIDW

RNS Number : 6253O

Midwich Group PLC

08 November 2016

08 November 2016

Midwich Group Plc

("Midwich" or "the Group")

Director/PDMR Shareholding

The Company has been notified that on 08 November 2016, Stephen Fenby, Managing Director, purchased 100,000 ordinary shares of 1 penny each in the Group ("Ordinary Shares") at a price of 203.50 pence per share. Stephen Fenby now has an interest in 22,280,000 Ordinary Shares representing approximately 28.04% of Midwich's issued share capital.

 
 1.     Details of the person discharging managerial 
         responsibilities/person closely associated 
-----  ---------------------------------------------------------- 
 (a)    Name                        Stephen Fenby 
-----  --------------------------  ------------------------------ 
 2.     Reason for the notification 
-----  ---------------------------------------------------------- 
 (a)    Position/status             Managing Director 
-----  --------------------------  ------------------------------ 
 (b)    Initial notification/       Initial notification 
         Amendment 
-----  --------------------------  ------------------------------ 
 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                 Ordinary Shares of 1 penny 
         of the Financial            each 
         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) 
                                   -----------------  ----------- 
   203.50 pence                                        100,000 
  --------------------------------------------------  ----------- 
 
 (e)    Aggregated information      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  --------------------------  ------------------------------ 
 (f)    Date of the                 2016-11-08 
         transaction 
-----  --------------------------  ------------------------------ 
 (g)    Place of the                London Stock Exchange 
         transaction 
-----  --------------------------  ------------------------------

Enquiries:

Midwich Group +44 (0) 13 7964 9200

Stephen Fenby, Managing Director

Anthony Bailey, Finance Director

FTI Consulting +44 (0) 20 3727 1000

Oliver 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 08, 2016 07:00 ET (12:00 GMT)

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