Bytes Technology Group PLC Grant of options under Sharesave Scheme (9511P)
23 June 2022 - 8:00PM
UK Regulatory
TIDMBYIT
RNS Number : 9511P
Bytes Technology Group PLC
23 June 2022
23 June 2022
Bytes Technology Group plc
("the Company")
Grant of options under Sharesave Scheme
On 22 June 2022, the Company granted options over a total of
722,863 ordinary shares of GBP0.01 each ("the Options") under the
Bytes Technology Group Sharesave Scheme ("the Scheme"). The Options
have been granted to participating employees under the rules of the
Scheme, an HM Revenue & Customs approved scheme introduced to
encourage wider employee share ownership of the Company. The
Options are exercisable at a price of GBP3.72 per ordinary share
from 1 August 2025 in accordance with the rules of the Scheme. The
total grant of options under the Scheme in 2022 and 2021 (the
latter exercisable at a price of GBP4.00 per ordinary share from 1
August 2024) represents 0.55% of the Company's existing share
capital.
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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