Director/PDMR Shareholding

RNS Number : 8843J

Midwich Group PLC

10 December 2018

 

10 December 2018

Midwich Group Plc

("Midwich" or "the Group")

Director/PDMR Shareholding

Midwich, the leading specialist audio visual distributor to the trade market, announces that Stephen Fenby, Group Managing Director, has purchased 40,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 500.5 pence per share.

Stephen Fenby now has an interest in 20,040,000 Ordinary Shares.

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)
		500.5p	40,000
(e)	Aggregated information -               Aggregated volume -               Price	40,000 500.5p
(f)	Date of the transaction	7 December 2018
(g)	Place of the transaction	London Stock Exchange

For further information please contact:

Midwich Group Plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director	via FTI Consulting
Investec Bank plc James Rudd / Carlton Nelson	Tel: [phone]
FTI Consulting Alex Beagley / Sam Power	Tel: [phone]

Notes to Editors

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, France, Germany, Iberia, the Benelux and Australasia. The Group's long-standing relationships with over 330 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 13,000 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 over 750 employees across the UK, Germany, France, Ireland, Iberia, the Benelux, and Australasia. 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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