Former Bytes Technology boss failed to disclose more than 100 share trades

23rd Feb 2024 14:08

(Sharecast News) - The former boss of Bytes Technology made more than 100 share trades without disclosing them, it emerged on Friday.

Between January 2021 and November 2023 Neil Murphy bought a total of 313,741 shares at a volume weighted average price of 479.23 pence per share and 313,741 were sold at a volume weighted average price of 483.46p each.

The company floated in December 2020.

Details of the trades came two days after Bytes announced that Murphy had resigned with immediate effect after making undisclosed trades.

Bytes said on Wednesday that Murphy informed the software, security, AI and cloud services firm that he had made a number of trades in the shares that were not disclosed to the firm or the market in compliance with the PDMR disclosure requirements.

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