MIDWICH GROUP PLC 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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 816,420 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 614,280 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 584,280 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 262,860 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 172,140 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
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/ Amendment | Initial notification | |
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 of the Financial Instrument | Ordinary shares of £0.01 each | |
(b) | Identification code of the Financial Instrument | GB00BYSXWW41 | |
(c) | Nature of the transaction | Sale of shares | |
(d) | Price(s) and volume(s) | Price(s) | Volume(s) |
295p | 76,960 | ||
(e) | Aggregated information - Aggregated volume - Price | N/A | |
(f) | Date of the transaction | 05 April 2017 | |
(g) | Place of the transaction | London Stock Exchange | |
For further information please contact:
Midwich Group Plc Stephen Fenby, Chief Executive Officer Anthony Bailey, Chief Financial Officer | via FTI Consulting |
Investec Bank plc James Ireland / Carlton Nelson / Rob Baker | Tel: +44 (0)20 7597 5970 |
FTI Consulting Oliver Winters / Alex Beagley / George Robinson | Tel: +44 (0)20 3727 1000 |
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 visitwww.midwichgroupplc.com
This information is provided by RNS
Midwich Group plc published this content on 05 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 April 2017 07:39:24 UTC.
Original documenthttp://ir.euroinvestor.com/Tools/newsArticleHTML.aspx?solutionID=2470&customerKey=midwichlimited&storyID=13569747&language=en
Public permalinkhttp://www.publicnow.com/view/E098B54E3143799D157B1EEEFC2DA16535A5C894
