Bytes Technology Group PLC Grant of options under Sharesave Scheme

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: [phone]

 

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

 

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