Midwich Group PLC Director/PDMR Shareholding (7766P)

TIDMMIDW

RNS Number : 7766P

Midwich Group PLC

11 October 2023

11 October 2023

Midwich Group plc

("Midwich" or the "Group")

Director/PDMR Shareholding

Midwich Group (AIM: MIDW), a global specialist audio visual distributor to the trade market, announces that Stephen Fenby, Group Managing Director has purchased 25,000 ordinary shares in the Company ("Ordinary Shares") at 400 pence per share.

Following this transaction, Stephen Fenby and persons closely associated with him have an interest in 17,307,000 Ordinary Shares, representing 16.8% of the Company's share capital.

The Notification of Dealing Form can be found below. These notifications are made under article 19 of the Market Abuse Regulation ("MAR").

 
        Details of the person discharging managerial responsibilities/person 
  1.     closely associated 
 (a)    Name                                       Stephen Fenby 
       -----------------------------------------  ---------------------------------- 
        Reason for the notification 
  2. 
       ----------------------------------------------------------------------------- 
 (a)    Position/status                            Group Managing Director 
       -----------------------------------------  ---------------------------------- 
 (b)    Initial notification/                      Initial notification 
         Amendment 
       -----------------------------------------  ---------------------------------- 
        Details of the issuer 
  3. 
       ----------------------------------------------------------------------------- 
 (a)    Name                                       Midwich Group Plc 
       -----------------------------------------  ---------------------------------- 
 (b)    LEI                                        213800TUH2ZU68PZZN12 
       -----------------------------------------  ---------------------------------- 
        Details of the transaction(s): section to be repeated 
  4.     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) 
                                                  ----------------  ---------------- 
                                                   399.87p           25,000 
                                                  ----------------  ---------------- 
 
 (e)    Aggregated information 
    *    Aggregated volume                          25,000 
                                                     399.87p 
 
   - Price 
 -----------------------------------------------  ---------------------------------- 
 (f)    Date of the transaction                    10 October 2023 
       -----------------------------------------  ---------------------------------- 
 (g)    Place of the transaction                   London Stock Exchange 
       -----------------------------------------  ---------------------------------- 
 

For further information:

 
 Midwich Group plc 
  Stephen Fenby, Managing Director 
  Stephen Lamb, Finance Director           [phone] 
 Investec Bank plc (NOMAD and Joint 
  Broker to Midwich)                       [phone] 
  Carlton Nelson / Ben Griffiths            5970 
 Berenberg (Joint Broker to Midwich)       [phone] 
  Ben Wright / Richard Andrews              7800 
 FTI Consulting 
  Alex Beagley / Tom Hufton / Rafaella     [phone] 
  de Freitas                                1000 
 

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in EMEA, the UK and Ireland, Asia Pacific and North America. The Group's long-standing relationships with over 600 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 20,000 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 around 1,800 employees across the UK and Ireland, EMEA, Asia Pacific and North America. 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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October 11, 2023 04:07 ET (08:07 GMT)