5
April 2024
Midwich Group
plc
("Midwich" or the "Group")
Director/PDMR
Shareholding
Midwich (AIM: MIDW), a global specialist audio
visual distributor to the trade market, has received notification
that Stephen Lamb has exercised 231,090 nominal cost options over
ordinary shares of £0.01 each in the Company under the Midwich
Group plc 2016 Long Term Incentive Plan (the "LTIP Award"), and
following this exercise of options, has sold 115,545 ordinary
shares in the Company principally to fund the associated tax,
national insurance and dealing charges. Furthermore, Mr. Lamb has
transferred 115,545 ordinary shares in the Company to his wife,
Victoria Sullivan.
This information is provided in accordance with
the requirements of Article 19(3) of the EU Market Abuse Regulation
No 596/2014.
|
1
|
Details of the person discharging
managerial responsibilities
|
|
a)
|
Name
|
Stephen Lamb
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Group Finance Director
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
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
|
Exercise of options and sale of
shares
|
|
d)
|
Price(s) and volume(s)
|
|
Price
|
Volume
|
|
Exercise: GBP 0.01
|
231,090
|
|
Sale: GBP 4.13
|
115,545
|
|
|
e)
|
Aggregated information:
volume, Price
Exercise of options
Sales of shares to satisfy income
tax, national insurance and dealing charges
|
|
Price(s)
|
Aggregated Volume(s)
|
Aggregated Total
|
|
GBP 0.01
|
231,090
|
£2,310.90
|
|
GBP 4.13
|
115,545
|
£476,729.77
|
|
|
f)
|
Date of the transaction
|
4 April 2024
|
|
g)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
|
1
|
Details of the person discharging
managerial responsibilities
|
|
a)
|
Name
|
Victoria Sullivan
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Wife to the Group Finance
Director
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
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
|
Transfer of shares from Stephen
Lamb
|
|
d)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
115,545
|
|
|
e)
|
Aggregated information:
volume, Price
|
Aggregated Volume:
115,545
Aggregated Price: n/a
|
|
f)
|
Date of the transaction
|
4 April 2024
|
|
g)
|
Place of the transaction
|
London Stock Exchange
(XLON)
|
For
further information:
|
Midwich Group plc
Stephen Fenby, Managing Director
Stephen Lamb, Finance Director
|
+44
(0) 1379 649200
|
|
Investec Bank plc (NOMAD and Joint
Broker to Midwich)
Carlton Nelson / Ben
Griffiths
|
+44
(0) 20 7597 5970
|
|
Berenberg (Joint Broker
to Midwich)
Ben Wright / Richard Andrews
|
+44
(0) 20 3207 7800
|
|
FTI
Consulting
Alex Beagley / Tom Hufton / Matthew Young
|
+44
(0) 20 3727 1000
|
About Midwich
Group
Midwich Group is a specialist AV distributor,
with operations in the UK and Ireland, EMEA, Asia Pacific and North
America. The Group's long-standing relationships with over 800
vendors, including blue-chip organisations, support a comprehensive
product portfolio across major audio visual categories such as
displays, projectors, technical AV, broadcast, professional audio,
lighting and unified communications. 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 24,000 trade customers,
most of which are professional AV integrators and IT resellers
serving sectors such as corporate, education, retail, residential
and hospitality.
Initially a UK only distributor, the Group now
has approximately 1,900 employees across the UK and Ireland, EMEA,
North America and Asia Pacific. 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
