Source - LSE Regulatory
RNS Number : 6222R
Midwich Group PLC
30 October 2023
 

30 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 50,000 ordinary shares in the Company ("Ordinary Shares") at 375.8 pence per share.

 

Following this transaction, Stephen Fenby and persons closely associated with him have an interest in 17,381,170 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").

 

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/ Amendment

Initial notification

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 the Financial Instrument

Ordinary shares of £0.01 each

(b)

Identification code of the Financial Instrument

GB00BYSXWW41

(c)

Nature of the transaction

Purchase of shares

(d)

Price(s) and volume(s)

Price(s)

Volume(s)



375.77p

50,000



 

(e)

Aggregated information

-  Aggregated volume

-   Price

 

50,000

375.77p

(f)

Date of the transaction

27 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)

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 /
Rafaella de Freitas

 

+44 (0) 20 3727 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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