Enhanced Investments - Financial Portal

TR-1: Standard form for notification of major holdings

Published: 2023-08-16 17:00:29 ET

Bytes Technology Group plc
(Incorporated in England and Wales)
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19

TR-1: Standard form for notification of major holdings

1. Issuer Details
 ISIN
 GB00BMH18Q19
 Issuer Name
 BYTES TECHNOLOGY GROUP PLC
 UK or Non-UK Issuer
 UK
2. Reason for Notification
 An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
 Name
 Aggregate of abrdn plc affiliated investment management entities with
 delegated voting rights on behalf of multiple managed portfolios.
 City of registered office (if applicable)
 Edinburgh
 Country of registered office (if applicable)
 United Kingdom
4. Details of the shareholder
 Full name of shareholder(s) if different from the person(s)
 subject to the notification obligation, above


 City of registered office (if applicable)


 Country of registered office (if applicable)


5. Date on which the threshold was crossed or reached
 14 Aug 2023
6. Date on which Issuer notified
  16 Aug 2023
7. Total positions of person(s) subject to the notification
obligation
                                             % of voting
                          % of voting        rights through
                                                                 Total of both    Total number of
                          rights attached    financial
           .                                                     in % (8.A +      voting rights held
                          to shares (total   instruments
                                                                 8.B)             in issuer
                          of 8.A)            (total of 8.B 1 +
                                             8.B 2)

  Resulting
  situation on
  the date on
  which                       5.761593          0.000000           5.761593         13,797,997
  threshold was
  crossed or
  reached

  Position of
  previous
                                6.45                0.00              6.45
  notification (if
  applicable)

8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of       Number of       Number of indirect           % of direct     % of indirect
shares ISIN code(if direct voting   voting rights                voting rights   voting rights
possible)           rights (DTR5.1) (DTR5.2.1)                   (DTR5.1)        (DTR5.2.1)

GB00BMH18Q19                                 13,797,997                              5.761593

Sub Total 8.A                       13,797,997                               5.761593

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
                                                         Number of voting rights that
                                                                                            % of
Type of financial    Expiration Exercise/conversion      may be acquired if the
                                                                                            voting
instrument           date       period                   instrument is
                                                                                            rights
                                                         exercised/converted
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect
according to (DTR5.3.1R.(1) (b))
Type of                                                                                  % of
                 Expiration   Exercise/conversion     Physical or cash   Number of
financial                                                                                voting
                 date         period                  settlement         voting rights
instrument                                                                               rights
Sub Total 8.B2

9. Information in relation to the person subject to the
notification obligation
2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add
additional rows as necessary)
                                        % of voting       % of voting rights
                                                                                Total of both if
                                        rights if it      through financial
                                                                                it equals or is
Ultimate           Name of controlled   equals or is      instruments if it
                                                                                higher than
controlling person undertaking          higher than the   equals or is higher
                                                                                the notifiable
                                        notifiable        than the notifiable
                                                                                threshold
                                        threshold         threshold

  abrdn plc

                    abrdn
                    Investments
  abrdn plc
                    (Holdings)
                    Limited

                    abrdn
                    Investment
  abrdn plc
                    Management
                    Limited

  abrdn plc

                    abrdn Holdings
  abrdn plc
                    Limited

                    abrdn
  abrdn plc         Investments
                    Limited

10. In case of proxy voting
 Name of the proxy holder


 The number and % of voting rights held


 The date until which the voting rights will be held


11. Additional Information
 In reference to section 9, the shares detailed are managed by the
 named discretionary investment management entity within multiple
 portfolios on behalf of underlying clients, based on investment
 management agreements whereby the client has delegated the
 exercise of the voting power to the referenced investment manager.

 This disclosure is to reflect the fact that the voting rights effectively
 held indirectly by the underlying intermediate holding company abrdn
 Investments (Holdings) Limited (“aI(H)L”) and held by the underlying
 investment management entity abrdn Investment Management
 Limited (“aIML”) decreased below the 5% notifiable threshold due to
 trading on 14 August 2023. Prior to this crossing, aI(H)L effectively
 held and aIML held 5.426630% and 5.426630% respectively of the
 delegated voting rights in Bytes Technology Group PLC.
12. Date of Completion
 16 Aug 2023
13. Place Of Completion
 Glasgow, United Kingdom


Enquiries:

WK Groenewald Tel: +44 (0)1372 418 992
Group Company Secretary

Bytes Technology Group plc

16 August 2023

The Company has a primary listing on the Main Market of the London
Stock Exchange and a secondary listing on the Johannesburg Stock
Exchange.

Sponsor
Invested Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.