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BYTES TECHNOLOGY GROUP PLC - TR-1: Standard form for notification of major holdings

Release Date: 28/01/2021 12:30
Code(s): BYI     PDF:  
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TR-1: Standard form for notification of major holdings

Bytes Technology Group plc
(Incorporated in the England & Wales
(Registered number: 12935776)
LEI: 213800LA4DZLFBAC9O33
Share code: BYI
ISIN: GB00BMH18Q19
("Bytes Technology Group plc" or "the Company")

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft
Word format if possible) i

1a. Identity of the issuer or the underlying issuer      Bytes Technology Group PLC
of existing shares to which voting rights are at-
tached ii:
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
  
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights                                                X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii:

3. Details of person subject to the notification obligation iv

Name                                                     JPMorgan Asset Management Holdings Inc.
City and country of registered office (if applicable)    Wilmington, Delaware, USA
4. Full name of shareholder(s) (if different from 3.)v

Name                                                     JPMorgan Asset Management (UK) Limited
City and country of registered office (if applicable)    London, United Kingdom

5. Date on which the threshold was crossed or            26 January 2021
reached vi:
  
6. Date on which issuer notified (DD/MM/YYYY):           27 January 2021

7. Total positions of person(s) subject to the notification obligation
                                                                                                   
                          % of voting rights at-     % of voting rights           Total of both in %       Total number of
                          tached to shares (to-      through financial instru-    (8.A + 8.B)              voting rights held
                          tal of 8. A)               ments                                                 in issuer vii
                                                     (total of 8.B 1 + 8.B 2)
Resulting situation       5.01%                      0.00%                        5.01%                    239,482,333
on the date on which
threshold was
crossed or reached
Position of previous      n/a                        n/a                          n/a
notification (if
applicable)


8. Notified details of the resulting situation on the date on which the threshold was crossed or
reached viii
A: Voting rights attached to shares

Class/type of              Number of voting rights ix                         % of voting rights
shares
ISIN code (if possible)           Direct             Indirect                 Direct                     Indirect
                                  (DTR5.1)           (DTR5.2.1)               (DTR5.1)                   (DTR5.2.1)
 GB00BMH18Q19                                        11,988,881                                          5.01%




SUBTOTAL 8. A                                 11,988,881                                           5.01%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial in-      Expiration        Exercise/                     Number of voting rights       % of voting rights
strument                   date x            Conversion Period xi          that may be acquired if
                                                                           the instrument is
                                                                           exercised/converted.


                                             SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial    Expiration              Exercise/            Physical or            Number of       % of voting rights
instrument           date x                  Conversion Pe-       cash                   voting rights
                                             riod xi              settlement xii




                                                                  SUBTOTAL
                                                                  8.B.2
                                                                                                                        
9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not
control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii

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 entity xiv       X
(please add additional rows as necessary)
                                                                 % of voting rights
                                % of voting rights if it         through financial in-              Total of both if it
                                equals or is higher              struments if it equals             equals or is higher
                                than the notifiable              or is higher than the              than the notifiable
          Name xv               threshold                         notifiable threshold              threshold
                                                                          
                                                                 
                                                                                      
                                                                 
JPMorgan Asset Man-
agement Holdings Inc.
JPMorgan Asset Man-
agement International
Limited
JPMorgan Asset Man-
agement (UK) Limited            5.01%                                                               5.01%

10. In case of proxy voting, please identify:
Name of the proxy holder                                                                            N/A
The number and % of voting rights held                                                              N/A
The date until which the voting rights will be held                                                 N/A

11. Additional information xvi

Chain of controlled undertakings:
JPMorgan Asset Management Holdings Inc.
JPMorgan Asset Management International Limited (100%)
JPMorgan Asset Management (UK) Limited (100%)

Place of completion                                                                               London, United Kingdom
Date of completion                                                                                       27 January 2021
                                                                                                                     
28 January 2021

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
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Notes
i Please note this form should be read jointly with the applicable Disclosure Guidance and Transparency Rules Chapter
5 (DTR5) available on the following link: https://www.handbook.fca.org.uk/handbook/DTR/5/?view=chapter
ii Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and
accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK
issuer.
iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding
(e.g. expiring of financial instruments) or acting in concert.
iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or
exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h); (c) all parties to the agreement referred to in
DTR5.2.1 (a) or (d) the holder of financial instruments referred to in DTR5.3.1.
As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total
positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for
a specific method how to notify cases of acting in concert.
In relation to the transactions referred to in DTR5.2.1 (b) to (h), the following list is provided as indication of the persons
who should be mentioned:
- in the circumstances foreseen in DTR5.2.1 (b), the natural person or legal entity that acquires the voting rights
  and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring
  temporarily for consideration the voting rights;
- in the circumstances foreseen in DTR5.2.1 (c), the natural person or legal entity holding the collateral, provided
  the person or entity controls the voting rights and declares its intention of exercising them, and natural person or
  legal entity lodging the collateral under these conditions;
- in the circumstances foreseen in DTR5.2.1 (d), the natural person or legal entity who has a life interest in shares
  if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal
  entity who is disposing of the voting rights when the life interest is created;
- in the circumstances foreseen in DTR5.2.1 (e), the controlling natural person or legal entity and, provided it has
  a notification duty at an individual level under DTR 5.1, under DTR5.2.1 (a) to (d) or under a combination of any of
  those situations, the controlled undertaking;
- in the circumstances foreseen in DTR5.2.1 (f), the deposit taker of the shares, if he can exercise the voting rights
  attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit
  taker to exercise the voting rights at his discretion;
- in the circumstances foreseen in DTR5.2.1 (g), the natural person or legal entity that controls the voting rights;
- in the circumstances foreseen in DTR5.2.1 (h), the proxy holder, if he can exercise the voting rights at his discre-
  tion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting
  rights at his discretion (e.g. management companies).
v Applicable in the cases provided for in DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the
  counterparty to the natural person or legal entity referred to DTR5.2 unless the percentage of voting rights held by the
  shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with
  national practices (e.g. identification of funds managed by management companies).
vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place
or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took
effect.
vii The total number of voting rights held in the issuer shall be composed of all the shares, including depository receipts
representing shares, to which voting rights are attached even if the exercise thereof is suspended.                                                                                                                             
viii If the holding has fallen below the lowest applicable threshold, please note that it might not be necessary to disclose
the extent of the holding, only that the new holding is below that threshold.
ix In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding",
please split the voting rights number and percentage into the direct and indirect columns – if there is no combined
holdings, please leave the relevant box blank.
x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.
xi If the financial instrument has such a period – please specify this period – for example once every 3 months starting
from [date].
xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted
basis (DTR 5.3.3.A).
xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the
second option applies.
xiv The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be
presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary
undertaking discloses the notification as only thus the markets get always the full picture of the group holdings. In case
of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be
presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F
etc.).
xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held
have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold
themselves.
xviExample: Correction of a previous notification.




                                                                                                                          

Date: 28-01-2021 12:30:00
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