1st Jul 2024 09:00
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:
| Volume:
| |||
d) | Aggregated information - Aggregated volume - Price |
| ||||
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:
| Volume:
| |||
d) | Aggregated information - Aggregated volume - Price |
| ||||
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:
| Volume:
| |||
d) | Aggregated information - Aggregated volume - Price |
| ||||
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.
Related Shares:
Bytes Tech