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For two of the Altron shares [shareholders] are getting one UK share: Altron CEO Mteto Nyati. 22:07
NOMPU SIZIBA: JSE-listed technology company Altron has announced that its Bytes Technology Group has completely demerged from Altron today. The Bytes Technology Group primarily listed on the London Stock Exchange today, achieving a share price of £2.70. Altron says that 40% of Bytesâ ordinary shares have been distributed to existing Altron shareholders, with the remaining shares taken up by investors outside South Africa, as well as the Bytes management team.
Well, to discuss this latest development and what it means, I’m joined on the line by Mteto Nyati, the CEO at Altron. Thanks very much for joining us, Mteto. Now, after your announcement to the market way back in April this year, finally the deal is done and the Bytes Technology Group, which has a big operational presence in the UK, is now listed on the London FTSE. Are you satisfied with