Director/PDMR Shareholding

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/ Amendment	Initial notification
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 of the Financial Instrument	Ordinary Shares of 1 penny 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)
		203.50 pence	100,000
(e)	Aggregated information -           Aggregated volume -           Price	N/A
(f)	Date of the transaction	2016-11-08
(g)	Place of the transaction	London Stock Exchange

Enquiries:

Midwich Group                                                                        [phone]
Stephen Fenby, Managing Director                                
Anthony Bailey, Finance Director                                      

FTI Consulting                                                                         [phone]
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.

 

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