Mteto Nyati steps down as Altron chief executive it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
JSE-listed technology company Altron has announced that Group Chief Executive Mteto Nyati will step down from his role effective 30 June 2022. This decision was informed by Nyati’s impending completion of a five-year term with the Altron Group, his successful contribution to increasing shareholder value by approximately six times during his tenure, and his search […]
New CFO and chairman for Altron it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
Dec 17, 2020
Today, Bytes has been admitted to the premium listing segment of the official list of the UK’s Financial Conduct Authority, to unconditional trading on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing.
This marks the completion of the demerger of the Bytes group from the Altron Group, a transaction which Altron announced to the market in April 2020. The achieved price of £2.70 per Bytes ordinary share results in a market capitalisation at the Issue Price of approximately £647-million (about R13 billion) on Admission. The Issue Price was in the top half of the previously communicated price range of £2.40 to £2.90 per Bytes ordinary share.