REG - Bytes Technology Grp - Director/PDMR Shareholding
03/06/2024 12:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240603:nRSC8604Qa&default-theme=true
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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHGCGDLUDGDGSXRecent news on Bytes Technology
See all newsREG - Bytes Technology Grp - Total Voting Rights
AnnouncementREG - Bytes Technology Grp - Notice of Full Year Results
AnnouncementREG - Bytes Technology Grp - Holding(s) in Company
AnnouncementREG - Bytes Technology Grp - Total Voting Rights
AnnouncementREG - Bytes Technology Grp - Appointment of Joint Corporate Broker
Announcement