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LONDON - Bytes Technology (LON:BYIT) Group plc (LSE:BTYL) granted options over 489,323 ordinary shares to employees under its Sharesave Scheme, according to a company statement released Thursday.
The options were granted on June 25 at an exercise price of £4.18 per ordinary share and will be exercisable from August 1, 2028, in accordance with the scheme rules. The Sharesave Scheme is approved by HM Revenue & Customs and was established to encourage broader employee share ownership within the company.
Three executives designated as Persons Discharging Managerial Responsibilities each received 4,389 options under the 2025 Scheme. These individuals are Jack Watson, Managing Director of Bytes Software (ETR:SOWGn) Services Limited; Clare Metcalfe, Managing Director of Phoenix Software Limited; and Paul Emms, Director of Group Finance.
The exercise period for these options will run from August 1, 2028, to January 31, 2029.
This latest grant joins several previous Sharesave Schemes implemented by the company in recent years. The 2021 Scheme has an exercise price of £4.00 with an exercise date of August 1, 2024. The 2022 Scheme is set at £3.72 per share with exercise beginning August 1, 2025. The 2023 and 2024 Schemes have exercise prices of £3.92 and £4.57 respectively, with corresponding exercise dates of August 1, 2026, and August 1, 2027.
Bytes Technology Group maintains a primary listing on the Main Market of the London Stock Exchange (LON:LSEG) and a secondary listing on the Johannesburg Stock Exchange.
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