Director/PDMR Shareholding

Bytes Technology Group PLC

02 June 2023

 

Bytes Technology Group plc

('BTG' or 'the Company')

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

2 June 2023

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 2023, the 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
Neil Murphy	Director and PDMR	125,600
Andrew Holden	Director and PDMR	102,400

The number of PSP options shown is the maximum available if the performance conditions for the three-year performance period from 1 March 2023 to 28 February 2026 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 6 June 2023 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 2023, the 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
Neil Murphy	Director and PDMR	24,989
Andrew Holden	Director and PDMR	20,376

Under the DBP, one-third of the annual bonus for the financial year ended 28 February 2023 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	Neil Murphy
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: 150,589 (125,600 PSP and 24,989 DBP)
d)	Aggregated information -  Aggregated volume -  Price	150,589 (125,600 PSP and 24,989 DBP) £0.01
e)	Date of the transaction	1 June 2023
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: 122,776 (102,400 PSP and 20,376 DBP)
d)	Aggregated information -  Aggregated volume -  Price	122,776 (102,400 PSP and 20,376 DBP) £0.01
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside a trading venue

Enquiries:

WK Groenewald	Tel: [phone]
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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