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Business

Published on April 26th, 2016 | by The GC Team

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Midwich sets date for IPO

AV and IT distributor Midwich is listed to float on the Alternative Investment Market of the London Stock Exchange on 6th May 2016, in a move that will reportedly support its growth and investment plans and the paying down of debt.

Midwich Group is privately owned by its working directors following an ownership shake up in 2014. It employs in excess of 450 staff and serves customers in the UK, Ireland, France, Germany, Australia and New Zealand.

Shares in the business are currently held by Stephen Fenby 59.2%; Anthony Bailey 8.6%; Lee Baker 6.1% Stuart Mizon 4.6%; and Iain Campbell 4.4%.

The Norfolk-based distributor, which has longstanding relationships with over 300 vendors including organisations such as Samsung, LG, Epson and NEC, has yet to disclose the amount it is seeking to raise from the IPO.

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