Bytes Tech Regulatory News (BYIT)

22 July 2021

Bytes Technology Group plc

("Bytes", "the Company")

AGM Statement

Ahead of its Annual General Meeting being held later today, the Bytes Board issues the following brief update on trading.

Bytes, one of the UK's leading software, security, and cloud services specialists, is pleased to report that it has made a positive start to the current financial year. Public sector has continued to perform strongly and there are encouraging signs that corporate spending has picked up. Cash conversion has also been strong in the period.

The Board is also pleased to welcome Andrew Holden to Bytes' executive committee. Andrew joined the Company in June as Chief Operating Officer, having relocated to the UK from his previous Chief Operating Officer role at Altron, Bytes' former parent company. His prior knowledge of the business and the management team has enabled Andrew to slot into the business quickly.

Neil Murphy, Chief Executive Officer, said:

"As the last remaining lockdown restrictions are lifted, we are looking forward to returning to a less virtual environment while capturing some of the enduring efficiencies that have emerged over the past year. We expect to see a progressive return to the office, and increased physical sales activity, over the summer months and look forward to welcoming our next new sales intake in September."

-Ends-

Enquiries:

Bytes Technology Group

Neil Murphy, Chief Executive Officer

Tel: +44 (0)1372 418 500

Headland Consultancy

Stephen Malthouse

Lucy Legh

Henry Wallers

Jack Gault

Tel: +44 (0) 20 3805 4822

Email: bytes@headlandconsultancy.com 

About Bytes Technology Group plc:

Bytes is one of the UK's leading providers of IT software offerings and solutions, with a focus on cloud and security products. The Bytes Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. It aims to deliver the latest technology to a diverse and embedded non-consumer customer base and has a long track record of delivering strong financial performance.

The Company has a primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.