Midwich Group PLC Director/PDMR Shareholding (0436Z)
19 May 2021 - 1:13AM
UK Regulatory
TIDMMIDW
RNS Number : 0436Z
Midwich Group PLC
18 May 2021
18 May 2021
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 sold 163,000 ordinary shares in the
Company ("Ordinary Shares") at an average price of 495.00 pence per
share.
Following this transaction, Stephen Fenby and persons closely
associated with him have an interest in 19,262,000 Ordinary Shares,
representing 21.7% of the Company's share capital.
The Notification of Dealing Forms can be found below. These
notifications are made under article 19 of the Market Abuse
Regulation ("MAR").
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 transaction Sale of shares
----------------------------------------- ----------------------------------
(d) Price(s) and volume(s) Price(s) Volume(s)
---------------- ----------------
495.00p 163,000
---------------- ----------------
(e) Aggregated information
* Aggregated volume 163,000
495.00p
- Price
----------------------------------------------- ----------------------------------
(f) Date of the transaction 18 May 2020
----------------------------------------- ----------------------------------
(g) Place of the transaction London Stock Exchange
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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
Carlton Nelson
Ben Griffiths
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, EMEA, 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, 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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