MIDWICH GROUP PLC

Director's Dealing • Mar 11, 2020

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8369F

Midwich Group PLC

11 March 2020

11 March 2020

Midwich Group Plc

("Midwich" or the "Group")

Director/PDMR Shareholding

Midwich, a specialist audio visual ("AV") distributor to the trade market with operations across the UK and Ireland, Continental Europe, Asia Pacific and North America, announces that it has been informed by Stephen Fenby, Group Managing Director, that he has transferred 1,325,000 ordinary shares of 1p each to the S B Fenby 2020 Settlement trust for nil consideration.

Following the transaction, Stephen Fenby and persons closely associated with him remain interested in 19,325,000 ordinary shares.

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

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/ Amendment	Initial notification
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 the Financial Instrument	Ordinary shares of £0.01 each
(b)	Identification code of the Financial Instrument	GB00BYSXWW41
(c)	Nature of the transaction	Gift of shares to a discretionary family trust
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		N/A	1,325,000
(e)	Aggregated information -               Aggregated volume -               Price	1,325,000 N/A
(f)	Date of the transaction	10 March 2020
(g)	Place of the transaction	Outside of a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
(a)	Name	S B Fenby 2020 Settlement
2.	Reason for the notification
(a)	Position/status	PCA with Stephen Fenby (Group Managing Director)
(b)	Initial notification/ Amendment	Initial notification
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 the Financial Instrument	Ordinary shares of £0.01 each
(b)	Identification code of the Financial Instrument	GB00BYSXWW41
(c)	Nature of the transaction	Receipt of gift of ordinary shares
(d)	Price(s) and volume(s)	Price(s)	Volume(s)
		N/A	1,325,000
(e)	Aggregated information -               Aggregated volume -               Price	1,325,000 N/A
(f)	Date of the transaction	10 March 2020
(g)	Place of the transaction	Outside of a trading venue

For further information:

Midwich Group plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director	Tel: +44 (0) 13 7964 9200
Investec Bank plc (NOMAD and Joint Broker to Midwich) James Rudd Carlton Nelson	Tel: +44 (0) 20 7597 5970
Berenberg (Joint Broker to Midwich) Ben Wright Mark Whitmore	Tel: +44 (0) 20 3207 7800
FTI Consulting Alex Beagley Tom Hufton Fern Duncan Rafaella de Freitas	Tel: +44 (0) 20 3727 1000

About Midwich Group

Midwich is a specialist AV distributor to the trade market, with operations in the UK and Ireland, Continental Europe, Asia-Pacific and North America. The Group's long-standing relationships with over 500 vendors, including blue-chip organisations, support a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage, unified communications 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 1,000 employees across the UK and Ireland, Continental Europe, 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

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

DSHFLFIDVFILLII