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  2. Share Prices
  3. Bytes Tech Share Price
  4. Bytes Tech Share News
  5. Bytes Technology CEO makes sudden exit after undisclosed share trades

Pin to quick picksBytes Tech Share News (BYIT)

Bytes Tech Information

Share Price Information for Bytes Tech (BYIT)

London Stock Exchange
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Share Price: 552.00
Bid: 549.50
Ask: 551.50
Change: 0.00 (0.00%)
Spread: 2.00 (0.364%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 552.00
BYIT Live PriceLast checked at -

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Bytes Technology CEO makes sudden exit after undisclosed share trades

Wed, 21st Feb 2024 15:47

(Sharecast News) - Bytes Technology said on Wednesday that chief executive Neil Murphy has resigned with immediate effect, having made undisclosed trades in shares of the software, security, AI and cloud services firm.

Murphy notified the board on Wednesday that he had made a number of trades in the company's shares that were not disclosed to Bytes or the market in compliance with the PDMR disclosure requirements.

"The board is working to clarify the details of these undisclosed trades," it said. It said that based on the information provided, 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.

Bytes said that Sam Mudd, executive director of the company and managing director of Phoenix Software Limited, will assume the role of interim CEO.

It added that trading for the financial year ending 29 February 2024 has been in line with the board's expectations.

At 1600 GMT, the shares were down 9% at 547.74p.

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21 Feb 2024 16:57

LONDON MARKET CLOSE: FTSE 100 takes hit ahead of FOMC minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors anxiously look ahead to this evening's Federal Open Market Committee meeting minutes.

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21 Feb 2024 15:31

Shares in Bytes Technology tumble after sudden exit of chief executive

(Alliance News) - Shares in Bytes Technology PLC on Wednesday plunged after the shock resignation of Chief Executive Neil Murphy.

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14 Feb 2024 09:40

LONDON BROKER RATINGS: Panmure likes Nichols; Jefferies cuts Bytes

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

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31 Jan 2024 11:43

IN BRIEF: Shruthi Chindalur to joins Bytes Technology board this week

Bytes Technology Group PLC - Surrey, England-based computer software - Appoints Shruthi Chindalur as a non-executive director, with effect from Thursday. Chindalur is an independent director of Access Group Ltd, a business management software group. She was most recently an executive managing director at the advertising group Criteo SA, where she led Europe, the Middle East and Africa, and global indirect channels. She has also held a number of senior commercial roles at Oracle Corp and LinkedIn Corp.

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29 Nov 2023 15:49

DIRECTOR DEALINGS: Rolls-Royce director buys after strategy update

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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28 Nov 2023 16:15

Director dealings: Bytes Technology CEO makes share purchase

(Sharecast News) - Bytes Technology revealed on Tuesday that chief executive Neil Murphy had acquired 54,000 ordinary shares in the FTSE 250-listed computer software firm.

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28 Nov 2023 11:44

IN BRIEF: Bytes Technology CEO Neil Murphy acquires 54,000 shares

Bytes Technology Group PLC - Surrey, England-based computer software - Chief Executive Officer Neil Murphy buys 54,000 shares at 554.90 pence each, worth GBP299,646 on Monday. Murphy now has 2.9 million shares, a 1.2% stake.

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27 Nov 2023 11:25

IN BRIEF: Bytes Technology directors sell GBP1.4 million in shares

Bytes Technology Group PLC - Surrey, England-based computer software - Non-Executive Director Mike Phillips sells 54,074 shares at 543.49 pence, worth GBP293,887, on Friday last week. Jack Watson, managing director of Bytes Software Services Ltd, sells 200,000 shares at 550p, worth GBP1.1 million, on Thursday.

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24 Nov 2023 15:47

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

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9 Nov 2023 15:50

UK dividends calendar - next 7 days

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