Bytes Technology Group PLC Director/PDMR Shareholding
03 Junio 2024 - 6:00AM
RNS Regulatory News
RNS Number : 8604Q
Bytes Technology Group PLC
03 June 2024
Bytes Technology Group
plc
('BTG' or 'the
Company')
NOTIFICATION AND PUBLIC DISCLOSURE OF
TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES
3 June 2024
BTG announces the following changes in the
interests of Directors and Persons Discharging Managerial
Responsibility ('PDMRs') in ordinary shares of £0.01 each in the
share capital of the Company ('shares').
2020 Performance Share Plan
('PSP')
Grant of PSP
options
On 1 June 2024 a grant of PSP options was made
under the BTG 2020 PSP to the Directors and PDMRs listed
below:
|
Name
|
Director/PDMR
|
Number of PSP options
|
|
Sam Mudd
|
Director and PDMR
|
99,700
|
|
Andrew Holden
|
Director and PDMR
|
91,600
|
|
Paul Emms
|
PDMR
|
27,800
|
|
Jack Watson
|
PDMR
|
49,900
|
|
Craig Cunningham
|
PDMR
|
7,000
|
|
WK Groenewald
|
PDMR
|
9,000
|
The number of PSP options shown is the maximum
available if the performance conditions for the three-year
performance period from 1 March 2024 to 28 February 2027 are
satisfied in full. The performance conditions relate to the
Company's adjusted earnings per share growth and relative total
shareholder return over the performance period. Further
details of the performance conditions will be disclosed in the
Company's annual report, expected to be distributed to
shareholders on 5 June 2024 and available on the BTG website
from that date.
Vesting will be on a pro-rata basis between the
threshold and maximum vesting figures. In addition, the BTG
Remuneration Committee retains discretion to reduce the overall PSP
vesting level if it considers that the underlying business
performance of the Company does not justify it.
2020 Deferred Share Bonus Plan
('DBP')
Grant of DBP
options
On 1 June 2024 a grant of share options was
made under the BTG 2020 DBP to the Directors and PDMRs listed
below:
|
Name
|
Director/PDMR
|
Number of DBP
options
|
|
Sam Mudd
|
Director and PDMR
|
5,902
|
|
Andrew Holden
|
Director and PDMR
|
10,773
|
Under the DBP, one-third of the annual bonus
for the financial year ended 29 February 2024 awarded to each of
the Company's executive directors, is deferred into share options
which vest over a two-year period. Annual bonus awards are based on
the achievement of pre-set performance targets. The vesting of DBP
options is not subject to additional performance conditions and the
underlying share options will accrue dividend equivalents over the
vesting period.
The following
notifications are made in accordance with DTR 3.1.2-A,
incorporating article 19(1) of the 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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan and the 2020
Deferred Share Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 105,602
(99,700 PSP
and 5,902 DBP)
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
105,602
(99,700 PSP and
5,902 DBP)
£0.01
|
|
e)
|
Date of the transaction
|
1 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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan and the 2020
Deferred Share Bonus Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 102,373
(91,600 PSP
and 10,773 DBP)
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
102,373
(91,600 PSP and
10,773 DBP)
£0.01
|
|
e)
|
Date of the transaction
|
1 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Paul Emms
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Group Finance Director
|
|
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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 27,800
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
27,800
£0.01
|
|
e)
|
Date of the transaction
|
1 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Jack Watson
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Managing Director: Bytes Software Services
Limited
|
|
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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 49,900
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
49,900
£0.01
|
|
e)
|
Date of the transaction
|
1 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
1.
|
Details of the
person discharging managerial responsibilities/person closely
associated
|
|
a)
|
Name
|
Craig Cunningham
|
|
2.
|
Reason for the
notification
|
|
a)
|
Position / status
|
Group Financial Controller
|
|
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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 7,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
7,000
£0.01
|
|
e)
|
Date of the transaction
|
1 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 and
identification code
|
Ordinary shares of 1 pence
GB00BMH18Q19
|
|
b)
|
Nature of the transaction
|
Grant of share options under the Bytes
Technology Group plc 2020 Performance Share Plan
|
|
c)
|
Price(s) and volume(s)
|
Price: £0.01
Volume: 9,000
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
9,000
£0.01
|
|
e)
|
Date of the transaction
|
1 June 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
Enquiries:
|
WK Groenewald
|
Tel: +44 (0)1372 418
992
|
|
Group Company Secretary
|
|
|
Bytes Technology Group plc
|
|
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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END
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Bytes Technology (LSE:BYIT)
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De May 2024 a Jun 2024
Bytes Technology (LSE:BYIT)
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De Jun 2023 a Jun 2024
