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RNS Number : 9808D Bytes Technology Group PLC 21 February 2024
21 February 2024
Bytes Technology Group plc
("BTG" or "the Company")
Resignation of CEO
BTG (LSE: BYIT, JSE: BYI), one of the UK and Ireland's leading software,
security, AI, and cloud services specialists, announces that Neil Murphy has
tendered his resignation from his position as Chief Executive Officer of BTG,
effective today. Neil Murphy has also notified the Board today that he has
made a number of trades in the Company's shares that had not been disclosed to
the Company or the market in compliance with the PDMR disclosure requirements.
The Board is working to clarify the details of these undisclosed trades. Based
on the information provided to the Board, Neil Murphy's holding of BTG's
shares is 2,890,218 and remains unchanged from the position notified to the
market on 28 November 2023.
The Board also announces that Sam Mudd, Executive Director of the Company and
Managing Director of Phoenix Software Limited, will assume the role of Interim
CEO.
Trading for the financial year ending 29 February 2024 has been in line with
the Board's expectations. The Company will publish a trading update in March,
in accordance with its usual financial reporting calendar.
This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 of 16 April 2014 (MAR) as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Enquiries:
WK
Groenewald
Group Company Secretary
Bytes Technology Group plc
Tel: +44 (0)1372 418992
Headland Consultancy
Stephen Malthouse
Henry Wallers
Jack Gault
Tel: +44 (0) 20 3805 4822
Email: bytes@headlandconsultancy.com
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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