2 December 2024
Midwich Group
plc
("Midwich" or the "Group")
Grant of options and deferred
bonus share awards
Midwich Group (AIM: MIDW), a
global specialist audio visual distributor to the trade market,
today announces that it has granted 165,714 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") to Stephen Lamb, Group Finance
Director.
Performance conditions and vesting
The LTIP Award is subject to
challenging performance conditions linked to growth in the Group's
profitability and will ordinarily vest in 2027. The award is
exercisable for up to 10 years from the date of grant and part of
the award is subject to a two-year holding period from the date of
vesting.
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
(a)
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Name
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Stephen Lamb
|
|
2.
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Reason for the notification
|
|
(a)
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Position/status
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Group Finance Director
|
|
(b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3.
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Details of the issuer
|
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(a)
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Name
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Midwich Group Plc
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|
(b)
|
LEI
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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)
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Identification code of the Financial
Instrument
|
GB00BYSXWW41
|
|
(c)
|
Nature of the transaction
|
Grant of options
|
|
(d)
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Price(s) and volume(s)
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Price(s)
|
Volume(s)
|
|
|
|
1p
|
165,714
|
|
(e)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
(f)
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Date of the transaction
|
29 November 2024
|
|
(g)
|
Place of the transaction
|
Off market
|
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
Specialisation
at scale.
Midwich Group is a network of businesses which
partner with the world's leading technology companies to accelerate
their growth. Selling into over 50 countries from 23 global
locations, the Group specialises in audiovisual technology -
whether in state-of-the-art meeting rooms or on a festival main
stage, our solutions help the world connect, communicate, or
experience wow moments.
Taking
technology further.
With services ranging from product distribution
to complex system design, focused marketing campaigns to flexible
financing solutions, and showcase events to seed funding for
startups, the Group's ever-expanding offering is designed to add
value and solve its partners' biggest challenges.
This has enabled the Group to maintain strong
relationships with global manufacturers and a diverse customer base
of over 21,000, including professional integrators, event
production companies and IT resellers in sectors such as education,
corporate, retail and live events.
Enabling
tomorrow.
With over 1,900 employees across the UK and
Ireland, EMEA, Asia Pacific and North America, the company is
committed to being a responsible employer.
The Group wants to do the right thing and
actively works to limit its impact on the environment and
communities, and recognises the importance of giving back - find
out more about our sustainability
activities here.
Help us go
further, together.
Visit https://midwichgroupplc.com