Bytes Technology Group plc recently released an announcement regarding its total voting rights as of 2 May 2024. This disclosure, in line with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, provides valuable insights into the company’s share structure and governance.
Share Capital
As of the announcement date, Bytes Technology Group plc’s issued share capital consists of 240,361,243 ordinary voting shares, each valued at £0.01. This structure indicates a substantial base of shareholders who hold voting rights in the company’s decision-making processes.
Treasury Holdings
It’s noteworthy that the company does not hold any of its shares in treasury. This means that all issued shares are actively held by investors, contributing to the total voting rights as specified in the announcement.
Total Voting Rights
The total number of voting rights attributed to Bytes Technology Group plc’s shares stands at 240,361,243. This figure is crucial for shareholders as it serves as the denominator for calculating their notification obligations under the Disclosure Guidance and Transparency Rules.
Implications for Shareholders
Shareholders can utilize the total voting rights information to determine whether they need to disclose changes in their shareholding or interests in Bytes Technology Group plc. This transparency enhances market integrity and ensures compliance with regulatory standards.
Disclosure Guidance and Transparency Rules
The Financial Conduct Authority’s Disclosure Guidance and Transparency Rules play a pivotal role in maintaining transparency and fairness in the financial markets. Bytes Technology Group plc’s adherence to these rules reflects its commitment to ethical and accountable corporate governance practices.
Table: Bytes Technology Group plc Share Structure
| Item | Details |
|---|---|
| Company Name | Bytes Technology Group plc |
| Incorporation | England and Wales |
| Registered Number | 12935776 |
| LEI | 213800LA4DZLFBAC9O33 |
| Share Code | BYI |
| ISIN | GB00BMH18Q19 |
| Primary Listing | Main Market of the London Stock Exchange |
| Secondary Listing | Johannesburg Stock Exchange |
Conclusion
Bytes Technology Group plc’s Total Voting Rights announcement underscores the company’s commitment to transparency and regulatory compliance. Shareholders can leverage this information to fulfill their disclosure obligations, contributing to a well-regulated and informed financial market environment. As an authority in finance, Rateweb recognizes the significance of such disclosures in promoting investor confidence and market integrity.
