REG - Gamma Communications - Director/PDMR Shareholding

Gamma CommunicationsAnnouncement

19/05/2025 07:00

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RNS Number : 1498J  Gamma Communications PLC  19 May 2025

19 May 2025

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces that on 16 May 2025 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 by shareholders on 17 May 2023 and amended by the Board on 10 April
2025. This was following approval of the remuneration policy by shareholders
at the AGM held on 14 May 2025. The average share price used to calculate the
options was taken over a five day period from Thursday 8 May to Wednesday 14
May 2025, being £12.96.

 

 Executive Director  Number of options  Exercise price
 Andrew Belshaw      77,642             nil
 Bill Castell        54,436             nil

 

 

The options are subject to performance conditions as detailed below having
been met during the three year performance period commencing on 1 January 2025
and ending on 31 December 2027 and will vest on 16 May 2028.

 

The vesting of 42.5% of the award (the "Relative TSR Part") is subject to the
Company's TSR performance over a three-year period that commenced on 1 January
2025 relative to the TSR performance over the same period of the constituents
of the FTSE 250 Index (excluding investment trusts) as at 1 January 2025. 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.

 

The vesting of 42.5% of the award (the "EPS Part") is subject to growth in the
Company's Adjusted EPS performance over a three-year period that commenced on
1 January 2025. 25% of the EPS Part will vest for compound annual growth at 4%
rising on a straight-line basis to full vesting of the EPS Part for compound
annual growth at 10%.

 

The vesting of the remaining 15% of the award (the "Carbon Part") is subject
to reductions in the Company's Scope 1 and 2 carbon emissions (with Scope 2
calculated on a market tCO(2)e basis) over a three-year period that commenced
on 1 January 2025, using 2024 as the base year for measurement. 25% of the
Carbon Part will vest for a reduction in emissions of 45% over the period,
rising on a straight-line basis to full vesting of the Carbon Part for a
reduction of 60% or more.

Dividend equivalents may be applied to awards up to their vesting date. The
options are subject to a further two-year holding period post vesting.

 Enquiries:

 Gamma Communications plc                    Tel: +44 (0)333 006 5972

 Andrew Belshaw, Chief Executive Officer

 Bill Castell, Chief Financial Officer

 Rachael Matzopoulos, Company Secretary

 Teneo (PR Adviser)                          Tel: +44 (0)207 353 4200

 James Macey White / Matt Low / Ffion Dash

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         77,642
 d)   Aggregated information                                       As above

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      16 May 2025
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

16 May 2025

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           54,436
 d)   Aggregated information                                       As above

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      16 May 2025
 f)   Place of the transaction                                     Outside a trading venue

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

16 May 2025

f)

Place of the transaction

Outside a trading venue

 

 

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