RNS Number : 0025C
Midwich Group PLC
12 June 2019
12 June 2019
Midwich Group plc
("Midwich", the "Company" or the "Group")
Issue of Equity
Midwich Group plc has applied to the London Stock Exchange for the lis ng of an addi onal 225,000 ordinary shares of 1 pence each in the Company ("O rdinary Shares") to be admi ed to trading on AI M . The O rdinary Shares will be issued to the trustee of the Company's Employee Benefit Trust and used to sa sfy awards and op ons ves ng in 2019 under the Midwich Group plc 2016 Long Term Incentive Plan.
I t is expected that admission of these O rdinary Shares will become effec ve on 19 June 2019. These O rdinary Shares, which will rank pari passu with the existing Ordinary Shares in issue, will be allotted under the plan listed above.
Following the an cipated admission of these shares, the total number of ordinary shares of 1p each in the capital of the Company in issue will be 79,973,412. This figure may be used by shareholders in the Company as the denominator for the calcula ons by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
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For further information: | |
Midwich Group plc | Tel: +44 (0)1379 649200 |
Stephen Fenby, Managing Director | |
Stephen Lamb, Finance Director | |
Investec Bank plc (NOMAD and Joint Broker to Midwich) | Tel: +44 (0) 20 7597 5970 |
James Rudd | |
Carlton Nelson | |
Berenberg (Joint Broker to Midwich) | Tel: +44 (0)20 3207 7800 |
Ben Wright | |
Mark Whitmore | |
Laure Fine | |
FTI Consulting | Tel: +44 (0)20 3727 1000 |
Alex Beagley | |
Tom Hufton | |
Fern Duncan |
About Midwich Group
Midwich is a specialist AV distributor to the trade market, with opera ons in the UK and I reland, Con nental Europe and Asia Pacific. The Group's long-standing rela onships with over 400 vendors, including blue-chip organisa ons, support a comprehensive product por olio across major audio visual categories such as large format displays, projectors, digital signage 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 a ribute this posi on to the Group's technical exper se, 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 17,000 customers, most of which are
professional AV integrators and I T resellers serving sectors such as corporate, educa on, retail, residen al 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 .
I ni ally a UK only distributor, the Group now has 900 employees across the UK and I reland, Con nental Europe and Asia Pacific. A
core component of the Group's growth strategy is further expansion of its interna onal opera ons and footprint into strategically
targeted jurisdictions .
For further information, please visit: www.midwichplc.com
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Midwich Group plc published this content on 12 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2019 13:18:01 UTC