26 March
2024
Midwich Group plc
("Midwich", the
"Group" or the "Company")
Issue of Equity & Total Voting
Rights
Midwich Group (AIM: MIDW), a global specialist
audio visual distributor to the trade market, has applied to the
London Stock Exchange for the listing of an additional 993,800
ordinary shares of one pence each in the Company ("Ordinary
Shares") to be admitted to trading on AIM.
The Ordinary Shares will be issued to the
trustees of the Company's Employee Benefit Trusts and used to
satisfy awards relating to the Midwich Group plc 2016 Share
Incentive Plan and those vesting under the Midwich Group
plc 2016 Long Term Incentive Plan.
It is expected that admission of these Ordinary
Shares will become effective on 2 April 2024. These Ordinary
Shares, which will rank pari
passu with the existing Ordinary Shares in issue, will be
allotted under the plan listed above.
Following the anticipated admission of these
shares, the total number of ordinary shares of one pence each in
the capital of the Company in issue will be 104,245,126. This
figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to
their interest in, the Company.
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
