Midwich Group PLC Director/PDMR Shareholding (8512L)

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RNS Number : 8512L

Midwich Group PLC

10 September 2019

10 September 2019

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 Stephen Fenby, Group Managing Director, has bought 30,000 ordinary shares in the Group ("Ordinary Shares") at an average price of 510.00 pence per share.

Stephen Fenby now has an interest in 19,100,000 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/                      Initial notification 
         Amendment 
       -----------------------------------------  ---------------------------------- 
 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                             Ordinary shares of GBP0.01 each 
         the Financial 
         Instrument 
       -----------------------------------------  ---------------------------------- 
 (b)    Identification                             GB00BYSXWW41 
         code of the Financial 
         Instrument 
       -----------------------------------------  ---------------------------------- 
 (c)    Nature of the                              Purchase of shares 
         transaction 
       -----------------------------------------  ---------------------------------- 
 (d)    Price(s) and volume(s)                     Price(s)          Volume(s) 
                                                  ----------------  ---------------- 
                                                   510.00p           30,000 
                                                  ----------------  ---------------- 
 
 (e)    Aggregated information 
    *    Aggregated volume                          30,000 
                                                     510.00p 
 
   - Price 
 -----------------------------------------------  ---------------------------------- 
 (f)    Date of the transaction                    10 September 2019 
       -----------------------------------------  ---------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange 
       -----------------------------------------  ---------------------------------- 
 

For further information please contact:

 
 Midwich Group Plc                     via FTI Consulting 
  Stephen Fenby, Managing Director 
  Stephen Lamb, Finance Director 
 Investec Bank plc (NOMAD and Joint    Tel: [phone] 
  Broker to Midwich) 
  James Rudd / Carlton Nelson 
 Berenberg (Joint Broker to Midwich)   Tel: [phone] 
  Ben Wright / Mark Whitmore / Laure 
  Fine 
 FTI Consulting                        Tel: [phone] 
  Alex Beagley / Sam Power 
 

Notes to Editors

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe and Asia Pacific. The Group's long-standing relationships with over 400 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 17,000 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 900 employees across the UK and Ireland, Continental Europe and Asia Pacific. 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.midwichplc.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 10, 2019 07:55 ET (11:55 GMT)