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23 Jun 2025 14:00
Bytes Technology Group plc
("BTG" or "the Company")
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES
23 June 2025
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 23 June 2025 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 | 135,000 |
Andrew Holden | Director and PDMR | 112,000 |
Jack Watson | PDMR | 59,200 |
Clare Metcalfe | PDMR | 47,900 |
Paul Emms | PDMR | 37,100 |
WK Groenewald | PDMR | 12,400 |
The number of PSP options shown is the maximum available if the performance conditions for the three-year performance period from 1 March 2025 to 29 February 2028 are satisfied in full. The performance conditions relate to the Company's earnings per share growth and relative total shareholder return over the performance period. Further details of the performance conditions are disclosed in the Company's annual report, distributed to shareholders on 28 May 2025 and available on the BTG website.
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 23 June 2025 a grant of share options was made under the BTG 2020 DBP to the Directors listed below:
Name | Director/PDMR | Number of DBP options |
Sam Mudd | Director and PDMR | 22,744 |
Andrew Holden | Director and PDMR | 19,031 |
Under the DBP, one-third of the annual bonus for the financial year ended 28 February 2025 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 / 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: 157,744 (135,000 PSP and 22,744 DBP) |
d) | Aggregated information - Aggregated volume - Price |
157,744 (135,000 PSP and 22,744 DBP) £0.01 |
e) | Date of the transaction | 23 June 2025 |
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: 131,031 (112,000 PSP and 19,031 DBP) |
d) | Aggregated information - Aggregated volume - Price |
131,031 (112,000 PSP and 19,031 DBP) £0.01 |
e) | Date of the transaction | 23 June 2025 |
f) | Place of the transaction | Outside a trading venue |
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 / 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 |
c) | Price(s) and volume(s) | Price: £0.01 Volume: 59,200 |
d) | Aggregated information - Aggregated volume - Price |
59,200 £0.01 |
e) | Date of the transaction | 23 June 2025 |
f) | Place of the transaction | Outside a trading venue |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Clare Metcalfe |
2. | Reason for the notification | |
a) | Position / status | Managing Director: Phoenix Software Limited |
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 |
c) | Price(s) and volume(s) | Price: £0.01 Volume: 47,900 |
d) | Aggregated information - Aggregated volume - Price |
47,900 £0.01 |
e) | Date of the transaction | 23 June 2025 |
f) | Place of the transaction | Outside a trading venue |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name | Paul Emms |
2. | Reason for the notification | |
a) | Position / status | Director of Group Finance |
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 |
c) | Price(s) and volume(s) | Price: £0.01 Volume: 37,100 |
d) | Aggregated information - Aggregated volume - Price |
37,100 £0.01 |
e) | Date of the transaction | 23 June 2025 |
f) | Place of the transaction | Outside a trading venue |
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 / 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 |
c) | Price(s) and volume(s) | Price: £0.01 Volume: 12,400 |
d) | Aggregated information - Aggregated volume - Price |
12,400 £0.01 |
e) | Date of the transaction | 23 June 2025 |
f) | Place of the transaction | Outside a trading venue |
Enquiries:
WK Groenewald | Tel: +44 (0)1372 418 992 |
Group Company Secretary |
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Bytes Technology Group plc |
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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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