Bytes Technology Grants Options Over 449K Shares at £4.57

  • Bytes Technology Group granted options over 449,394 ordinary shares under the Sharesave Scheme on June 28, 2024.
  • The options are exercisable at £4.57 per share starting from August 1, 2027.
  • Directors Sam Mudd, Andrew Holden, and WK Groenewald were each granted 4,059 options under the 2024 Scheme.

Bytes Technology Group plc has announced the granting of options to employees under its Sharesave Scheme. This move aims to encourage wider employee share ownership.

Details of the Grant

On June 28, 2024, Bytes Technology Group plc granted options over 449,394 ordinary shares. Each share has a nominal value of £0.01. The options were granted under the Bytes Technology Group Sharesave Scheme, an HM Revenue & Customs approved scheme.

Scheme Overview

The Sharesave Scheme is designed to foster employee share ownership. The options granted are exercisable at £4.57 per ordinary share. The exercise period starts on August 1, 2027.

Grant of Options Breakdown

The total grant of options from 2021 to 2024 represents 0.73% of the Company’s existing share capital. The table below outlines the details of each scheme:

Scheme YearExercise PriceExercise Date
2021£4.001 August 2024
2022£3.721 August 2025
2023£3.921 August 2026
2024£4.571 August 2027

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