Bytes Technology Group PLC Grant of options under Sharesave Scheme
01 Julio 2024 - 3:00AM
RNS Regulatory News
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:
|
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.
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END
DSHEADKPALDLEFA
Bytes Technology (LSE:BYIT)
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