Bytes Tech Regulatory News (BYIT)

12 May 2026

Bytes Technology Group plc

("BTG", or the "Company")

Share Repurchase Programme

Bytes Technology Group plc, one of the UK and Ireland's leading software, security, cloud and AI services specialists, announces that effective today it is commencing a share repurchase programme of its ordinary shares of £0.01 each ("Ordinary Shares") up to a maximum aggregate consideration of £25 million (the "Repurchase Programme").

The Company's capital allocation policy prioritises enhancing business growth, both organically and through select inorganic opportunities as they arise, whilst maintaining an appropriate level of liquidity headroom and returning excess capital to shareholders (through normal and special dividends, and share buybacks), where appropriate. The Board continuously reviews capital allocation opportunities. After considering the Company's strong balance sheet position and prevailing share price, the Board believes that it would be beneficial to return capital to shareholders through a further share repurchase.

The purpose of the Repurchase Programme is to reduce BTG's share capital, and the Company intends to cancel all Ordinary Shares purchased under the Repurchase Programme.

BTG has entered into an agreement with Numis Securities Limited ("Deutsche Numis") and Peel Hunt LLP ("Peel Hunt"), respectively (the "Repurchase Agreements"), to purchase BTG's Ordinary Shares under the Repurchase Programme for an aggregate value (excluding expenses) in two equal tranches of up to £12.5 million each. Deutsche Numis and Peel Hunt will manage the purchases on a discretionary basis, purchasing shares within certain pre-set parameters and making their trading decisions independently of BTG. The purchase of Ordinary Shares will be carried out on the London Stock Exchange and is expected to be completed within the first half of FY27.

Any purchase of Ordinary Shares undertaken in relation to this announcement will be executed in accordance with (i) the terms and parameters of the Repurchase Agreements; (ii) the relevant regulations, including the EU Market Abuse Regulation (596/2014) and the Commission Delegated Regulation (2016/1052), in each case as such legislation forms part of retained EU law (as defined in the EU (Withdrawal) Act 2018), and Chapter 9 of the Financial Conduct Authority's UK Listing Rules; (iii) the Company's general authority to make market purchases of Ordinary Shares ("General Authority") as approved by shareholders at the Company's AGM held on 2 July 2025; and (iv) the General Authority being re-approved by shareholders at the Company's next AGM to be held on 9 July 2026.

BTG will announce any market repurchase of Ordinary Shares no later than 07:30 (BST) on the day of the seventh daily market session following the repurchase.

-Ends-

Enquiries:

Bytes Technology Group plc

Sam Mudd, Chief Executive Officer

Andrew Holden, Chief Financial Officer

James Zaremba, Investor Relations

Tel: +44 (0)1372 418 500

Email: IR@bytesplc.com

Sodali & Co Elly WilliamsonTilly Abraham

Tel: +44 (0)2072 501446Email: btg@info.sodali.com 

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.

About Bytes Technology Group plc:

BTG is one of the UK and Ireland's leading providers of IT software offerings and solutions, with a focus on AI, cloud and security products. The Company enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security, cloud and AI solutions. 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.