6
February 2024
Midwich Group
plc
("Midwich" or the "Group")
Director/PDMR
Shareholding
Midwich Group plc (AIM: MIDW), a
global specialist audio visual distributor to the trade market, has
received notification that Stephen Fenby has exercised 31,226
nominal cost options over ordinary shares of £0.01 each in the
Company which were awarded under the Midwich Group plc 2021 ELT
stretch bonus option agreement.
This information is provided in
accordance with the requirements of Article 19(3) of the EU Market
Abuse Regulation No 596/2014.
|
1
|
Details of the person discharging
managerial responsibilities
|
|
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, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
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
|
Exercise of options
|
|
d)
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Price(s) and volume(s)
|
|
Price
|
Volume
|
|
GBP 0.01
|
31,226
|
|
|
e)
|
Aggregated information:
volume, Price
Exercise of options
Sales of shares to satisfy income
tax, national insurance and dealing charges
|
|
Price(s)
|
Aggregated Volume(s)
|
Aggregated Total
|
|
GBP 0.01
|
31,226
|
£312.26
|
|
|
f)
|
Date of the transaction
|
5 February 2024
|
|
g)
|
Place of the transaction
|
Off-market transaction
|
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)
Carlton Nelson / Ben
Griffiths
|
+44
(0) 20 7597 5970
|
|
Berenberg (Joint Broker
to Midwich)
Ben Wright / Richard Andrews
|
+44
(0) 20 3207 7800
|
|
FTI
Consulting
Alex Beagley / Tom Hufton
|
+44
(0) 20 3727 1000
|
About Midwich Group
Midwich Group is a specialist AV
distributor, with operations in the UK and Ireland, EMEA, 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 displays, projectors, technical AV, broadcast,
professional audio, lighting and unified communications. 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
22,000 trade customers, most of which are professional AV
integrators and IT resellers serving sectors such as corporate,
education, retail, residential and hospitality.
Initially a UK only distributor, the
Group now has over 1,900 employees across the UK and Ireland, EMEA,
North America 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.midwichgroupplc.com