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Bytes Technology Group PLC
Remuneration Information • Jul 1, 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
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
- A ggregated 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
- A ggregated 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
- A ggregated 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.
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