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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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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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