REG - Bytes Technology Grp - Director/PDMR Shareholding
23/06/2025 14:00
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RNS Number : 0086O Bytes Technology Group PLC 23 June 2025
Bytes Technology Group plc
("BTG" or "the Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES
23 June 2025
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 23 June 2025 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 135,000
Andrew Holden Director and PDMR 112,000
Jack Watson PDMR 59,200
Clare Metcalfe PDMR 47,900
Paul Emms PDMR 37,100
WK Groenewald PDMR 12,400
The number of PSP options shown is the maximum available if the performance
conditions for the three-year performance period from 1 March 2025 to 29
February 2028 are satisfied in full. The performance conditions relate to the
Company's earnings per share growth and relative total shareholder return over
the performance period. Further details of the performance conditions are
disclosed in the Company's annual report, distributed to shareholders on 28
May 2025 and available on the BTG website.
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 23 June 2025 a grant of share options was made under the BTG 2020 DBP to
the Directors listed below:
Name Director/PDMR Number of DBP options
Sam Mudd Director and PDMR 22,744
Andrew Holden Director and PDMR 19,031
Under the DBP, one-third of the annual bonus for the financial year ended 28
February 2025 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: 157,744 (135,000 PSP and 22,744 DBP)
d) Aggregated information
- Aggregated volume
- Price 157,744 (135,000 PSP and 22,744 DBP)
£0.01
e) Date of the transaction 23 June 2025
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: 131,031 (112,000 PSP and 19,031 DBP)
d) Aggregated information
- Aggregated volume
- Price 131,031 (112,000 PSP and 19,031 DBP)
£0.01
e) Date of the transaction 23 June 2025
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: 59,200
d) Aggregated information
- Aggregated volume
- Price 59,200
£0.01
e) Date of the transaction 23 June 2025
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name Clare Metcalfe
2. Reason for the notification
a) Position / status Managing Director: Phoenix Software 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: 47,900
d) Aggregated information
- Aggregated volume
- Price 47,900
£0.01
e) Date of the transaction 23 June 2025
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 Director of Group Finance
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: 37,100
d) Aggregated information
- Aggregated volume
- Price 37,100
£0.01
e) Date of the transaction 23 June 2025
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: 12,400
d) Aggregated information
- Aggregated volume
- Price 12,400
£0.01
e) Date of the transaction 23 June 2025
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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