London Stock Exchange listed Bytes Technology Group 'working to clarify details' after Neil Murphy resigns
The directors on the board are currently"working to clarify the details of these undisclosed trades," and based on information provided, Murphy has a shareholding of 2,890,218 units, which remains unchanged from the position notified to the LSE on 28 November, 2023.
Soon-to-be replacement CEO Mudd is currently the executive director of BTG and managing director of Phoenix Software Lit. Phoenix was acquired by BTG in 2017 in a buy that opened the door to agreements with Dell, VMware, Checkpoint, Citrix, and Mimecast.Bytes' NHS deal loss hits revs – but biz margins rise, the company turned over £1.439 billion in sales, up 19.1 percent year-on-year, and booked an operating profit of £50.9 million , up 20.6 percent.
Bytes is positively dripping in certifications, and remains one of the few local solution providers to have all six Microsoft designations for business applications, data & AI, distal and app innovation, infrastructure, security and modern workplace. The company, established in a shop in Epsom, floated on the LSE in December 2020 for 332 pence and is currently trading at 545 pence. The valuation dipped by almost 13 percent after Murphy’s resignation was made public.
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