Midwich Group PLC Director/PDMR Shareholding (7032B)
April 05 2017 - 10:33AM
UK Regulatory
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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