PrimaryBid was pleased to support Midwich Group plc (AIM: MIDW), a specialist audio visual distributor to the trade market, on its recent successful fundraise.
The Placing raised approximately £50m, with PrimaryBid's Retail Offer raising a further £1.25m. Midwich’s Board outlined in its announcement that it is supportive of the Pre-Emption Group guidance that encourages companies to consider the inclusion of retail shareholders when issuing shares non-pre-emptively.
New and existing retail investors were able to buy shares directly through PrimaryBid’s app and website or via its extensive partner network of investment platforms, retail brokers and wealth managers. They were also able to invest on the same terms as institutional investors and at a price of 425 pence per share representing a discount of approximately 5.6 per cent. to the closing middle market share price of 450 pence per share on 7 June 2023.
The PrimaryBid Retail Offer was only available to investors in the UK.
Read more about the transaction here