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Director dealings: Midwich managing director raises stake
(Sharecast News) - Midwich Group revealed on Monday that managing director Stephen Fenby had acquired 50,000 ordinary shares in the AIM-listed audio-visual distributor. Fenby, who joined Midwich in 2004, purchased the shares on Friday at an average price of 375.77p each, for a total value of £187,885.
Following the transaction, Fenby and persons closely associated to him have an interest in 17.38m ordinary Midwich shares, representing approximately 16.68% of the company's issued share capital.
In September, Midwich Group reported a robust first-half financial performance, even amid challenging market conditions. Midwich said revenue for the six months ended 30 June increased 7.4% to £610.4m, up from £568.4m in the same period last year.
As of 1600 GMT, Midwich shares were up 4.26% at 392.0p.
Reporting by Iain Gilbert at Sharecast.com
Top Director Buys
Jardine Matheson Holdings Ltd (singapore Reg) (JAR) Director name: Hsu,David Amount purchased: 13,000 @ $40.34 Value: $524,361.48
Midwich Group (MIDW) Director name: Fenby,Stephen Amount purchased: 50,000 @ 375.77p Value: �187,885.00
Rolls-royce Holdings (RR.) Director name: Erginbilgic,Tufan Amount purchased: 15,586 @ 200.50p Value: �31,249.93
Public Policy Holding Company, Inc. (di) (reg S, Cat3) (PPHC) Director name: Hall,George Stewart Amount purchased: 25,000 @ 114.00p Value: �28,500.00
Arbuthnot Banking Group (ARBB) Director name: Almond,Jayne Amount purchased: 1,500 @ 915.00p Value: �13,725.00
Arbuthnot Banking Group (ARBB) Director name: Almond,Jayne Amount purchased: 1,500 @ 910.00p Value: �13,650.00
Staffline Group (STAF) Director name: Spain,Thomas Amount purchased: 48,716 @ 26.40p Value: �12,861.02
Rolls-royce Holdings (RR.) Director name: McCabe,Helen Amount purchased: 6,026 @ 200.50p Value: �12,082.13
Pharos Energy (PHAR) Director name: Brown,Jann M Amount purchased: 29,896 @ 21.90p Value: �6,547.22
Pharos Energy (PHAR) Director name: Rivett,Sue Amount purchased: 4,453 @ 21.90p Value: �975.21
Top Director Sells
Staffline Group (STAF) Director name: Spain,Thomas Amount sold: 48,716 @ 26.40p Value: �12,861.02
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