REG - Gamma Communications - Director/PDMR Shareholding
12/04/2024 15:00
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RNS Number : 4966K Gamma Communications PLC 12 April 2024
12 April 2024
Gamma Communications plc
Grant of options
Gamma Communications plc ("the Company") announces that on 12 April 2024 it
granted the following nil cost share options over ordinary shares of 0.25
pence each in the Company pursuant to the Gamma Long Term Incentive Plan
approved on 17 May 2023:
Executive Director Number of options Exercise price
Andrew Belshaw 61,436 nil
Bill Castell 43,501 nil
PDMR Number of options Exercise price
David Macfarlane 13,559 nil
Daryl Pile 13,559 nil
John Murphy 10,892 nil
Colin Lees 13,337 nil
Chris Bradford 10,047 nil
Chris Wade 10,047 nil
Gerben Wijbenga 10,504 nil
Xavi Casajoana 4,704 nil
Rachael Matzopoulos 3,967 nil
The options are subject to performance conditions as detailed below having
been met during the three year performance period commencing on 1 January 2024
and ending on 31 December 2026 and will vest on 12 April 2027.
For Executive Directors, the vesting of 50% of such awards (the "Relative TSR
Part") is subject to the Company's total shareholder return ("TSR")
performance over a three year period that commenced on 1 January
2024 relative to the TSR performance over the same period of the constituents
of the FTSE 250 Index (excluding investment trusts) as at 1
January 2024. 25% of the Relative TSR Part will vest for median ranking
performance, rising on a straight-line basis to full vesting of the Relative
TSR Part for upper quartile ranking (or better) relative TSR performance.
For Executive Directors, the vesting of 50% of such awards (the "EPS Part") is
subject to growth in the Company's adjusted earnings per share ("EPS")
performance over a three year period that commenced on 1 January 2024. 25% of
the EPS Part will vest for compound annual growth at 4.0% rising on a
straight-line basis to full vesting of the EPS Part for compound annual growth
at 14.0%.
For options awarded to other PDMRs, vesting is subject to one third based on
the Relative TSR performance condition as set out above, one third based on
the EPS performance condition as set out above, and one third which does not
have any associated performance conditions.
The options for the Executive Directors are subject to a further two year
holding period post vesting before they may be exercised.
The Company also granted 20,672 nil cost share options over ordinary shares of
0.25 pence each in the Company to Colin Lees, who joined the Company as Chief
Technology Officer on 9 January 2024, pursuant to the Gamma Long Term
Incentive Plan approved on 17 May 2023. These options are subject to certain
performance conditions having been met during the three year performance
period ending on 31 December 2025 and will vest on 22 May 2026.
Enquiries:
Gamma Communications plc Tel: +44 (0)333 006 5972
Andrew Belshaw, Chief Executive Officer
Bill Castell, Chief Financial Officer
Rachael Matzopoulos, Company Secretary
Investec Bank plc (NOMAD & Broker) Tel: +44 (0)207 597 5970
Patrick Robb / Virginia Bull
Teneo (PR Adviser) Tel: +44 (0)207 353 4200
James Macey White / Matt Low
Appendix
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Belshaw
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 61,436
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Bill Castell
2 Reason for the notification
a) Position/status Chief Financial Officer
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 43,501
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Macfarlane
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 13,559
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Daryl Pile
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 13,559
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Murphy
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 10,892
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Lees
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 13,337
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Bradford
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 10,047
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Wade
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 10,047
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gerben Wijbenga
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 10,504
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Xavi Casajoana
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 4,704
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Rachael Matzopoulos
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 3,967
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Colin Lees
2 Reason for the notification
a) Position/status PDMR
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Gamma Communications plc
b) LEI 213800LAQZXPRIZUEH50
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term
Incentive Plan
c) Price(s) and volume(s) Price(s) Volume(s)
nil 20,672
d) Aggregated information As above
- Aggregated volume
- Price
e) Date of the transaction 12 April 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
As above
e)
Date of the transaction
12 April 2024
f)
Place of the transaction
Outside a trading venue
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