Bytes Tech Director Buys Shares on London Stock Exchange

Key Share Transactions by Company Directors and Associates

On June 20, 2024, Bytes Technology Group plc disclosed significant share transactions involving Ross Paterson, an Independent Non-Executive Director, and Emma Paterson, who is closely associated with him. These transactions took place on the London Stock Exchange and involved the purchase of ordinary shares in the company.

Ross Paterson acquired a total of 6,429 ordinary shares at an average price of 572.02 pence per share. This transaction has increased his total shareholding to 8,351 ordinary shares, representing approximately 0.003% of the company's issued share capital. The purchase was made in two separate trades, with one transaction priced at 572.00 pence per share and another at 572.10 pence per share.

In addition, Emma Paterson purchased 1,922 ordinary shares at a price of 569.30 pence per share. This single transaction highlights her continued interest in the company’s performance and growth.

The transactions were executed as part of an on-market trade, which means they were conducted through standard stock market channels rather than private agreements or insider deals. Such trades are typically subject to regulatory scrutiny to ensure transparency and fairness in the market.

According to the Johannesburg Stock Exchange (JSE), these transactions fall under the company’s managerial responsibilities disclosures, specifically outlined in Article 19 of the UK Market Abuse Regulation. This regulation requires directors and individuals closely associated with them to report their share dealings to maintain market integrity and prevent potential insider trading.

Both Ross Paterson and Emma Paterson’s transactions were classified as initial notifications, indicating that these were the first reported dealings in the company for the respective individuals. The detailed reporting of such transactions helps investors and regulators understand the financial interests of key stakeholders within the organization.

These share purchases demonstrate the ongoing commitment of company insiders and their associates to the business. By investing in the company, they signal confidence in its future prospects and align their personal financial interests with those of shareholders.

The transparency surrounding these transactions also underscores the importance of regulatory compliance in corporate governance. Companies are required to disclose such activities to ensure that all market participants have access to accurate and timely information.

Key points from the transactions include:

• Ross Paterson’s total shareholding now stands at 8,351 ordinary shares.
• Emma Paterson’s purchase of 1,922 shares was completed in a single transaction.
• Both transactions were reported under the UK Market Abuse Regulation.
• The trades were conducted on the London Stock Exchange as on-market purchases.
• These actions reflect the continued involvement of key stakeholders in the company’s development.

Such disclosures not only support regulatory requirements but also enhance investor trust by providing clear insights into the financial decisions of company leadership. As the market continues to evolve, maintaining this level of transparency remains crucial for fostering a fair and informed investment environment.