Bytes Technology Group PLC Director/PDMR Shareholding (3988B)
June 02 2023 - 2:00AM
UK Regulatory
TIDMBYIT
RNS Number : 3988B
Bytes Technology Group PLC
02 June 2023
Bytes Technology Group plc
('BTG' or 'the Company')
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES
2 June 2023
BTG announces the following changes in the interests of
Directors and Persons Discharging Managerial Responsibility
('PDMRs') in ordinary shares of GBP0.01 each in the share capital
of the Company ('shares').
2020 Performance Share Plan ('PSP')
Grant of PSP options
On 1 June 2023, the 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
Neil Murphy Director and PDMR 125,600
------------------- ----------------------
Andrew Holden Director and PDMR 102,400
------------------- ----------------------
The number of PSP options shown is the maximum available if the
performance conditions for the three-year performance period from 1
March 2023 to 28 February 2026 are satisfied in full. The
performance conditions relate to the Company's adjusted earnings
per share growth and relative total shareholder return over the
performance period. Further details of the performance conditions
will be disclosed in the Company's annual report, expected to be
distributed to shareholders on 6 June 2023 and available on the BTG
website from that date.
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 1 June 2023, the grant of share options was made under the
BTG 2020 DBP to the Directors and PDMRs listed below:
Name Director/PDMR Number of DBP options
Neil Murphy Director and PDMR 24,989
------------------- ----------------------
Andrew Holden Director and PDMR 20,376
------------------- ----------------------
Under the DBP, one-third of the annual bonus for the financial
year ended 28 February 2023 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.
Details of the person discharging managerial responsibilities/person
1. closely associated
Name Neil Murphy
a)
------------------------- ---------------------------------------------
Reason for the notification
2.
------------------------------------------------------------------------
Position / Chief Executive Officer
a) status
------------------------- ---------------------------------------------
Initial notification Initial Notification
b) / amendment
------------------------- ---------------------------------------------
Details of the issuer or emission allowance market
3. participant
------------------------------------------------------------------------
Name Bytes Technology Group plc
a)
------------------------- ---------------------------------------------
LEI 213800LA4DZLFBAC9O33
b)
------------------------- ---------------------------------------------
Details of the transaction(s):
4.
------------------------------------------------------------------------
Description Ordinary shares of 1 pence
a) of the financial GB00BMH18Q19
instrument
and identification
code
------------------------- ---------------------------------------------
Nature of the Grant of share options under the Bytes
b) transaction Technology Group plc 2020 Performance Share
Plan and the 2020 Deferred Share Bonus
Plan
------------------------- ---------------------------------------------
Price(s) and Price: GBP0.01
c) volume(s) Volume: 150,589 (125,600 PSP and 24,989
DBP)
------------------------- ---------------------------------------------
Aggregated
d) information
* Aggregated volume 150,589 (125,600 PSP and 24,989 DBP)
GBP0.01
* Price
------------------------- ---------------------------------------------
Date of the 1 June 2023
e) transaction
------------------------- ---------------------------------------------
Place of the Outside a trading venue
f) transaction
------------------------- ---------------------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
Name Andrew Holden
a)
------------------------- ---------------------------------------------
Reason for the notification
2.
------------------------------------------------------------------------
Position / Chief Financial Officer
a) status
------------------------- ---------------------------------------------
Initial notification Initial Notification
b) / amendment
------------------------- ---------------------------------------------
Details of the issuer or emission allowance market
3. participant
------------------------------------------------------------------------
Name Bytes Technology Group plc
a)
------------------------- ---------------------------------------------
LEI 213800LA4DZLFBAC9O33
b)
------------------------- ---------------------------------------------
Details of the transaction(s):
4.
------------------------------------------------------------------------
Description Ordinary shares of 1 pence
a) of the financial GB00BMH18Q19
instrument
and identification
code
------------------------- ---------------------------------------------
Nature of the Grant of share options under the Bytes
b) transaction Technology Group plc 2020 Performance Share
Plan and the 2020 Deferred Share Bonus
Plan
------------------------- ---------------------------------------------
Price(s) and Price: GBP0.01
c) volume(s) Volume: 122,776 (102,400 PSP and 20,376
DBP)
------------------------- ---------------------------------------------
Aggregated
d) information
* Aggregated volume 122,776 (102,400 PSP and 20,376 DBP)
GBP0.01
* Price
------------------------- ---------------------------------------------
Date of the 1 June 2023
e) transaction
------------------------- ---------------------------------------------
Place of the Outside a trading venue
f) transaction
------------------------- ---------------------------------------------
Enquiries:
WK Groenewald Tel: +44 (0)1372 418 992
Group Company Secretary
Bytes Technology Group plc
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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