BYIT.L

Bytes Technology Group
Bytes Technology Grp - Grant of options under Sharesave Scheme
1st July 2024, 08:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 4181U
Bytes Technology Group PLC
01 July 2024
 

1 July 2024

 

Bytes Technology Group plc
 ('the Company')

 

Grant of options under Sharesave Scheme

 

On 28 June 2024, the Company granted options over a total of 449,394 ordinary shares of £0.01 each ('the Options') under the Bytes Technology Group Sharesave Scheme ('the Scheme'). The Options have been granted to participating employees under the rules of the Scheme, an HM Revenue & Customs approved scheme introduced to encourage wider employee share ownership of the Company. The Options are exercisable at a price of £4.57 per ordinary share from 1 August 2027 in accordance with the rules of the Scheme. The total grant of options under the Scheme from 2021 to 2024 represents 0.73% of the Company's existing share capital.

 

Sharesave Scheme

Exercise price

Exercise date

2021 Scheme

£4.00

1 August 2024

2022 Scheme

£3.72

1 August 2025

2023 Scheme

£3.92

1 August 2026

2024 Scheme

£4.57

1 August 2027

 

Sam Mudd, Andrew Holden and WK Groenewald, Directors/Persons Discharging Managerial Responsibilities, were each granted 4,059 Options under the 2024 Scheme, with an exercise period of 1 August 2027 - 31 January 2028.

 

The notifications set out below are provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Sam Mudd

2.

Reason for the notification

a)

Position / status

Chief Executive Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer or emission allowance market participant

a)

Name

Bytes Technology Group plc

b)

LEI

213800LA4DZLFBAC9O33

4.

Details of the transaction(s)

a)

Description of the financial instrument

Identification code

Ordinary shares of 1 pence

GB00BMH18Q19

b)

Nature of the transaction

Grant of share options under the Bytes Technology Group Sharesave Scheme

c)

Price(s) and volume(s)

Price:

457.00p

  Volume:

4,059

d)

Aggregated information

-  Aggregated volume

-  Price


n/a


e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Holden

2.

Reason for the notification

a)

Position / status

Chief Financial Officer

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer or emission allowance market participant

a)

Name

Bytes Technology Group plc

b)

LEI

213800LA4DZLFBAC9O33

4.

Details of the transaction(s)

a)

Description of the financial instrument

Identification code

Ordinary shares of 1 pence

GB00BMH18Q19

b)

Nature of the transaction

Grant of share options under the Bytes Technology Group Sharesave Scheme

c)

Price(s) and volume(s)

Price:

457.00p

  Volume:

4,059

d)

Aggregated information

-  Aggregated volume

-  Price


n/a


e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

 

 

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

WK Groenewald

2.

Reason for the notification

a)

Position / status

Group Company Secretary

b)

Initial notification / amendment

Initial Notification

3.

Details of the issuer or emission allowance market participant

a)

Name

Bytes Technology Group plc

b)

LEI

213800LA4DZLFBAC9O33

4.

Details of the transaction(s)

a)

Description of the financial instrument

Identification code

Ordinary shares of 1 pence

GB00BMH18Q19

b)

Nature of the transaction

Grant of share options under the Bytes Technology Group Sharesave Scheme

c)

Price(s) and volume(s)

Price:

457.00p

  Volume:

4,059

d)

Aggregated information

-  Aggregated volume

-  Price


n/a


e)

Date of the transaction

28 June 2024

f)

Place of the transaction

Outside a trading venue

 

Enquiries

           

WK Groenewald

Group Company Secretary

Bytes Technology Group plc

Tel: +44 (0)1372 418 992

 

 

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEADKPALDLEFA]]>
TwitterFacebookLinkedIn