Companies Reporter
Bytes Technology Group (BTG) has become the latest company to embark on a share buyback programme, announcing it will repurchase shares up to a value of £25m.
Bytes, one of the UK and Ireland’s leading software, security, cloud and AI services specialists, said on Tuesday that after considering its strong balance sheet position and prevailing share price, the board believes it would be beneficial to return capital to shareholders through a further share repurchase.
The purpose of the programme is to reduce BTG’s share capital. The company conducted a similar programme in 2025.
The group has entered into an agreement with Numis Securities and Peel Hunt to implement the programme in two equal tranches of up to £12.5m, and it is expected to be completed within the first half of the 2027 financial year.
