Resignation of CEO

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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