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MIDW Midwich Group Plc

430.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Midwich Group Plc LSE:MIDW London Ordinary Share GB00BYSXWW41 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 430.00 427.00 430.00 431.00 424.00 430.00 244,492 16:23:37
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 1.29B 26.82M 0.2597 16.56 443.98M

Midwich Group PLC Director/PDMR Shareholding (7032B)

05/04/2017 3:33pm

UK Regulatory


Midwich (LSE:MIDW)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Midwich Charts.

TIDMMIDW

RNS Number : 7032B

Midwich Group PLC

05 April 2017

05 April 2017

Midwich Group Plc

("Midwich" or the "Group")

DIRECTOR / PDMR SHAREHOLDING

Midwich, the leading specialist audio visual and document solutions distributor to the trade market, announces that certain persons discharging managerial responsibilities (the "Selling Shareholders") have today sold an aggregate of 2,526,940 ordinary shares in the Company ("Ordinary Shares"), representing approximately 3.2 per cent of the issued share capital of Midwich at a price of 295 pence per share. Board members of Midwich Group have not sold any Ordinary Shares.

 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ------------------------------------------------------------------------------ 
 (a)    Name                                        Lee Baker 
-----  ------------------------------------------  ---------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------------------ 
 (a)    Position/status                             Divisional Director 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  ---------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (d)    Price(s) and                                Price(s)         Volume(s) 
         volume(s) 
                                                   ---------------  ----------------- 
                                                    295p             816,420 
                                                   ---------------  ----------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  ---------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ------------------------------------------------------------------------------ 
 (a)    Name                                        Stuart Mizon 
-----  ------------------------------------------  ---------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------------------ 
 (a)    Position/status                             Divisional Director 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  ---------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (d)    Price(s) and                                Price(s)         Volume(s) 
         volume(s) 
                                                   ---------------  ----------------- 
                                                    295p             614,280 
                                                   ---------------  ----------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  ---------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ------------------------------------------------------------------------------ 
 (a)    Name                                        Iain Campbell 
-----  ------------------------------------------  ---------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------------------ 
 (a)    Position/status                             Sales Director 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  ---------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (d)    Price(s) and                                Price(s)         Volume(s) 
         volume(s) 
                                                   ---------------  ----------------- 
                                                    295p             584,280 
                                                   ---------------  ----------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  ---------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ------------------------------------------------------------------------------ 
 (a)    Name                                        Tracey Perkins 
-----  ------------------------------------------  ---------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------------------ 
 (a)    Position/status                             Operations Director 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  ---------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (d)    Price(s) and                                Price(s)         Volume(s) 
         volume(s) 
                                                   ---------------  ----------------- 
                                                    295p             262,860 
                                                   ---------------  ----------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  ---------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ------------------------------------------------------------------------------ 
 (a)    Name                                        Stephen Beahan 
-----  ------------------------------------------  ---------------------------------- 
 2.     Reason for the notification 
-----  ------------------------------------------------------------------------------ 
 (a)    Position/status                             Managing Director - Invision UK 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  ---------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  ---------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (d)    Price(s) and                                Price(s)         Volume(s) 
         volume(s) 
                                                   ---------------  ----------------- 
                                                    295p             172,140 
                                                   ---------------  ----------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  ---------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  ---------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
-----  ---------------------------------------------------------------------------------------- 
 (a)    Name                                        Garnett Stewart 
-----  ------------------------------------------  -------------------------------------------- 
 2.     Reason for the notification 
-----  ---------------------------------------------------------------------------------------- 
 (a)    Position/status                             General Manager - Square One Distribution 
-----  ------------------------------------------  -------------------------------------------- 
 (b)    Initial notification/                       Initial notification 
         Amendment 
-----  ------------------------------------------  -------------------------------------------- 
 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                                 Ordinary shares of GBP0.01 each 
         of the Financial 
         Instrument 
-----  ------------------------------------------  -------------------------------------------- 
 (b)    Identification                              GB00BYSXWW41 
         code of the 
         Financial Instrument 
-----  ------------------------------------------  -------------------------------------------- 
 (c)    Nature of the                               Sale of shares 
         transaction 
-----  ------------------------------------------  -------------------------------------------- 
 (d)    Price(s) and                                Price(s)              Volume(s) 
         volume(s) 
                                                   --------------------  ---------------------- 
                                                    295p                  76,960 
                                                   --------------------  ---------------------- 
 
 (e)    Aggregated information                      N/A 
          *    Aggregated volume 
 
 
         - Price 
-----  ------------------------------------------  -------------------------------------------- 
 (f)    Date of the                                 05 April 2017 
         transaction 
-----  ------------------------------------------  -------------------------------------------- 
 (g)    Place of the                                London Stock Exchange 
         transaction 
-----  ------------------------------------------  -------------------------------------------- 
 

For further information please contact:

 
 Midwich Group Plc                  via FTI Consulting 
  Stephen Fenby, Chief Executive 
  Officer 
  Anthony Bailey, Chief Financial 
  Officer 
 Investec Bank plc                  Tel: +44 (0)20 7597 5970 
  James Ireland / Carlton Nelson 
  / Rob Baker 
 FTI Consulting                     Tel: +44 (0)20 3727 1000 
  Oliver Winters / Alex Beagley 
  / George Robinson 
 

Notes to Editors

Midwich is a specialist AV and document solutions distributor to the trade market, with operations in the UK and Ireland, France, Spain, 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 over 500 employees across the UK, Germany, France, Spain, Ireland, Australia and New Zealand, and in the year to 31 December 2016, 33 per cent of the Group's revenues were derived from outside the UK and Ireland. 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

April 05, 2017 10:33 ET (14:33 GMT)

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