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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 |
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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