Wrap Text
Notification and Public Disclosure of Transactions by Persons Discharging Managerial Responsibilities
Bytes Technology Group plc
(Incorporated in England and Wales)
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19
("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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan and the 2020 Deferred Share Bonus
Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 105,602 (99,700 PSP and 5,902 DBP)
d) Aggregated
information
- Aggregated
105,602 (99,700 PSP and 5,902 DBP)
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan and the 2020 Deferred Share Bonus
Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 102,373 (91,600 PSP and 10,773 DBP)
d) Aggregated
information
- Aggregated
102,373 (91,600 PSP and 10,773 DBP)
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 27,800
d) Aggregated
information
- Aggregated
27,800
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 49,900
d) Aggregated
information
- Aggregated
49,900
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 7,000
d) Aggregated
information
- Aggregated
7,000
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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 / Initial Notification
amendment
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 Ordinary shares of 1 pence
financial
GB00BMH18Q19
instrument and
identification code
b) Nature of the Grant of share options under the Bytes Technology Group plc
transaction 2020 Performance Share Plan
c) Price(s) and Price: £0.01
volume(s) Volume: 9,000
d) Aggregated
information
- Aggregated
9,000
volume
£0.01
- Price
e) Date of the 1 June 2024
transaction
f) Place of the Outside a trading venue
transaction
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.
Sponsor
Investec Bank Limited
Date: 03-06-2024 01:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
