Midwich Group PLC Director/PDMR Shareholding (8070D)
October 11 2018 - 11:42AM
UK Regulatory
TIDMMIDW
RNS Number : 8070D
Midwich Group PLC
11 October 2018
11 October 2018
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
Lamb, Group Finance Director, has purchased 2,500 ordinary shares
in the Company ("Ordinary Shares") at an average price of 581.49
pence per share.
Stephen Lamb now has an interest in 7,500 Ordinary Shares.
1. Details of the person discharging managerial responsibilities/person
closely associated
(a) Name Stephen Lamb
----------------------------------------- ----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
(a) Position/status Group Finance 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)
---------------- ----------------
576.25p 1,000
584.99p 1,000
584.99p 500
---------------- ----------------
(e) Aggregated information
* Aggregated volume 2,500
581.49p
- Price
----------------------------------------------- ----------------------------------
(f) Date of the transaction 11 October 2018
----------------------------------------- ----------------------------------
(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 Tel: +44 (0)20 7597 5970
James Rudd / Carlton Nelson
FTI Consulting Tel: +44 (0)20 3727 1000
Alex Beagley / Sam Power
Notes to Editors
Midwich is a specialist AV and document solutions distributor to
the trade market, with operations in the UK and Ireland, France,
Germany, Iberia, the Benelux and Australasia. The Group's
long-standing relationships with over 330 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 13,000
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 750
employees across the UK, Germany, France, Ireland, Iberia, the
Benelux, and Australasia. 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 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 rns@lseg.com or visit www.rns.com.
END
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