Bytes Technology Group PLC Resignation of CEO
February 21 2024 - 8:45AM
RNS Regulatory News
RNS Number : 9808D
Bytes Technology Group PLC
21 February 2024
21
February 2024
Bytes Technology Group
plc
("BTG" or
"the Company")
Resignation of
CEO
BTG (LSE: BYIT, JSE: BYI), one of the
UK and Ireland's leading software, security, AI, and cloud services
specialists, announces that Neil Murphy has tendered his
resignation from his position as Chief Executive Officer of BTG,
effective today. Neil Murphy has also notified the Board today that
he has made a number of trades in the Company's shares that had not
been disclosed to the Company or the market in compliance with the
PDMR disclosure requirements.
The Board is working to clarify the
details of these undisclosed trades. Based on the information
provided to the Board, Neil Murphy's holding of BTG's
shares is 2,890,218 and remains unchanged from the position
notified to the market on 28 November 2023.
The Board also announces that Sam
Mudd, Executive Director of the Company and Managing Director of
Phoenix Software Limited, will assume the role of Interim
CEO.
Trading for the financial year ending
29 February 2024 has been in line with the Board's expectations.
The Company will publish a trading update in March, in accordance
with its usual financial reporting calendar.
This announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 of 16 April
2014 (MAR) as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018.
Enquiries:
WK
Groenewald
Group Company Secretary
Bytes
Technology Group plc
Tel: +44 (0)1372 418992
Headland Consultancy
Stephen
Malthouse
Henry Wallers
Jack Gault
Tel: +44 (0) 20 3805 4822
Email: bytes@headlandconsultancy.com
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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END
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