REG - Gamma Communications - Transaction in Own Shares
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RNS Number : 8262A Gamma Communications PLC 17 April 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
17 April 2026
Gamma Communications plc
Transaction in Own Shares and Rule 2.9 Announcement
Gamma Communications plc ("Gamma" or the "Company") announces today that in
accordance with the terms of its share buyback programme announced on 13
January 2026 (the "Buyback Programme"), it has purchased the following number
of its ordinary shares of 0.25 pence each ("ordinary shares") through Investec
Bank plc ("Investec").
Ordinary shares
Date of purchase: 16 April 2026
Number of ordinary shares purchased: 22,531
Lowest price per share (pence): 881.20
Highest price per share (pence): 895.00
Weighted average price per day (pence): 889.0450
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,298,181 ordinary shares since the commencement of the buyback programme and
will have 92,466,170 ordinary shares in issue. There are 1,587,800 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,878,370 and this can be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Rule 2.9
The Company announced on 7 April 2026 that it had entered into an offer
period. The ordinary shares are relevant securities of Gamma for the purposes
of Rule 8 of The City Code on Takeovers and Mergers (the "Code"). In
accordance with Rule 2.9 of the Code, the Company confirms that it has
90,878,370 ordinary shares in issue (excluding treasury shares) as at the date
and time of this announcement. The ordinary shares are voting shares (each
such ordinary share carries one vote per ordinary share) and are admitted to
trading on the main market of the London Stock Exchange under the
International Securities Identification Number GB00BQS10J50 and the Company's
LEI number is 213800LAQZXPRIZUEH50.
Aggregate information:
Venue Volume-weighted average price (p) Aggregated volume Lowest price per share (p) Highest price per share (p)
XLON 889.0450 22,531 881.20 895.00
Schedule of Purchases - Individual Transactions
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 as it forms part of UK law, a full breakdown of the individual trades
made by Investec on behalf of the Company as part of the Programme is found
below.
Date and time of each trade Number of shares purchased Price (pence per share) Trading Venue Transaction Reference Number
16 April 2026 08:01:02 131 884.40 XLON 00388369933TRLO1
16 April 2026 08:01:56 134 882.20 XLON 00388370461TRLO1
16 April 2026 08:11:07 131 884.20 XLON 00388376074TRLO1
16 April 2026 08:11:07 145 884.20 XLON 00388376073TRLO1
16 April 2026 08:11:08 279 882.40 XLON 00388376081TRLO1
16 April 2026 08:11:38 137 881.40 XLON 00388376329TRLO1
16 April 2026 08:15:00 131 881.20 XLON 00388378143TRLO1
16 April 2026 08:17:16 51 882.40 XLON 00388379509TRLO1
16 April 2026 08:22:28 272 882.80 XLON 00388383106TRLO1
16 April 2026 08:27:05 260 882.80 XLON 00388386231TRLO1
16 April 2026 08:40:51 281 885.20 XLON 00388395829TRLO1
16 April 2026 08:40:52 140 886.00 XLON 00388395837TRLO1
16 April 2026 08:40:52 130 885.60 XLON 00388395845TRLO1
16 April 2026 08:40:56 133 886.40 XLON 00388395874TRLO1
16 April 2026 08:46:30 413 886.20 XLON 00388399073TRLO1
16 April 2026 08:54:40 140 885.40 XLON 00388404353TRLO1
16 April 2026 09:13:48 137 887.40 XLON 00388417200TRLO1
16 April 2026 09:14:17 137 886.40 XLON 00388417446TRLO1
16 April 2026 09:16:46 138 885.40 XLON 00388418926TRLO1
16 April 2026 09:24:58 135 885.40 XLON 00388424294TRLO1
16 April 2026 09:31:21 132 885.40 XLON 00388428327TRLO1
16 April 2026 09:37:38 133 884.60 XLON 00388431230TRLO1
16 April 2026 09:41:30 132 883.20 XLON 00388433914TRLO1
16 April 2026 09:42:39 139 882.80 XLON 00388434993TRLO1
16 April 2026 09:58:01 134 888.20 XLON 00388448685TRLO1
16 April 2026 09:58:01 134 888.40 XLON 00388448684TRLO1
16 April 2026 09:59:53 129 889.60 XLON 00388450519TRLO1
16 April 2026 09:59:53 29 889.80 XLON 00388450521TRLO1
16 April 2026 09:59:53 100 889.80 XLON 00388450520TRLO1
16 April 2026 10:04:42 130 888.40 XLON 00388454296TRLO1
16 April 2026 10:05:47 129 888.40 XLON 00388455001TRLO1
16 April 2026 10:05:48 138 887.60 XLON 00388455004TRLO1
16 April 2026 10:06:06 134 886.60 XLON 00388455267TRLO1
16 April 2026 10:14:17 138 886.60 XLON 00388462912TRLO1
16 April 2026 10:14:22 123 886.60 XLON 00388462978TRLO1
16 April 2026 10:14:22 14 886.60 XLON 00388462977TRLO1
16 April 2026 10:15:37 130 887.40 XLON 00388463954TRLO1
16 April 2026 10:15:44 140 887.20 XLON 00388464056TRLO1
16 April 2026 10:16:44 140 886.80 XLON 00388464876TRLO1
16 April 2026 10:34:01 129 887.20 XLON 00388478298TRLO1
16 April 2026 10:52:14 140 889.40 XLON 00388494769TRLO1
16 April 2026 10:53:50 140 888.20 XLON 00388496225TRLO1
16 April 2026 10:53:50 130 887.80 XLON 00388496226TRLO1
16 April 2026 11:05:26 135 889.00 XLON 00388501412TRLO1
16 April 2026 11:09:45 140 888.60 XLON 00388501638TRLO1
16 April 2026 11:09:48 130 888.00 XLON 00388501641TRLO1
16 April 2026 11:11:07 130 887.60 XLON 00388501709TRLO1
16 April 2026 11:11:23 139 887.00 XLON 00388501715TRLO1
16 April 2026 11:11:37 140 886.80 XLON 00388501724TRLO1
16 April 2026 11:11:38 138 886.00 XLON 00388501728TRLO1
16 April 2026 11:11:38 134 884.40 XLON 00388501729TRLO1
16 April 2026 11:11:38 135 883.40 XLON 00388501730TRLO1
16 April 2026 11:11:38 135 883.80 XLON 00388501731TRLO1
16 April 2026 11:29:15 113 886.20 XLON 00388502476TRLO1
16 April 2026 11:29:15 22 886.40 XLON 00388502475TRLO1
16 April 2026 11:29:15 113 886.40 XLON 00388502474TRLO1
16 April 2026 11:39:27 141 887.00 XLON 00388503479TRLO1
16 April 2026 11:40:15 131 887.00 XLON 00388503523TRLO1
16 April 2026 11:41:02 140 887.00 XLON 00388503568TRLO1
16 April 2026 11:47:32 133 889.80 XLON 00388504049TRLO1
16 April 2026 11:47:32 133 890.00 XLON 00388504048TRLO1
16 April 2026 11:51:03 140 890.40 XLON 00388504243TRLO1
16 April 2026 11:59:19 129 889.60 XLON 00388504674TRLO1
16 April 2026 12:02:25 135 889.80 XLON 00388504813TRLO1
16 April 2026 12:06:44 132 890.60 XLON 00388505071TRLO1
16 April 2026 12:09:39 134 890.00 XLON 00388505188TRLO1
16 April 2026 12:09:42 130 889.80 XLON 00388505189TRLO1
16 April 2026 12:09:43 130 889.40 XLON 00388505190TRLO1
16 April 2026 12:10:01 135 889.40 XLON 00388505205TRLO1
16 April 2026 12:10:02 132 889.40 XLON 00388505206TRLO1
16 April 2026 12:12:05 131 890.80 XLON 00388505294TRLO1
16 April 2026 12:22:21 131 889.80 XLON 00388505852TRLO1
16 April 2026 12:22:34 131 889.40 XLON 00388505873TRLO1
16 April 2026 12:28:56 140 889.40 XLON 00388506135TRLO1
16 April 2026 12:30:20 129 889.80 XLON 00388506200TRLO1
16 April 2026 12:35:58 131 891.40 XLON 00388506433TRLO1
16 April 2026 12:44:14 131 892.80 XLON 00388506709TRLO1
16 April 2026 12:46:21 135 891.20 XLON 00388506791TRLO1
16 April 2026 12:48:50 34 890.60 XLON 00388506863TRLO1
16 April 2026 12:50:20 136 890.60 XLON 00388506913TRLO1
16 April 2026 12:55:56 134 895.00 XLON 00388507139TRLO1
16 April 2026 12:56:40 138 894.60 XLON 00388507176TRLO1
16 April 2026 12:56:40 130 894.20 XLON 00388507177TRLO1
16 April 2026 13:15:34 141 892.60 XLON 00388508034TRLO1
16 April 2026 13:19:32 137 892.40 XLON 00388508154TRLO1
16 April 2026 13:23:49 140 892.80 XLON 00388508309TRLO1
16 April 2026 13:23:50 49 892.20 XLON 00388508310TRLO1
16 April 2026 13:30:22 130 891.80 XLON 00388508487TRLO1
16 April 2026 13:39:22 130 889.00 XLON 00388508881TRLO1
16 April 2026 13:50:23 130 890.00 XLON 00388509476TRLO1
16 April 2026 13:54:28 130 889.00 XLON 00388509707TRLO1
16 April 2026 14:03:33 135 888.60 XLON 00388510205TRLO1
16 April 2026 14:03:33 136 888.60 XLON 00388510204TRLO1
16 April 2026 14:04:53 130 890.00 XLON 00388510263TRLO1
16 April 2026 14:04:53 140 890.00 XLON 00388510265TRLO1
16 April 2026 14:08:56 262 889.20 XLON 00388510407TRLO1
16 April 2026 14:11:04 139 889.20 XLON 00388510637TRLO1
16 April 2026 14:26:41 138 890.40 XLON 00388511439TRLO1
16 April 2026 14:27:16 137 890.20 XLON 00388511493TRLO1
16 April 2026 14:30:28 266 890.40 XLON 00388511813TRLO1
16 April 2026 14:30:28 77 890.40 XLON 00388511816TRLO1
16 April 2026 14:30:28 10 890.40 XLON 00388511815TRLO1
16 April 2026 14:30:28 171 890.40 XLON 00388511814TRLO1
16 April 2026 14:30:28 20 890.00 XLON 00388511817TRLO1
16 April 2026 14:30:28 5 890.20 XLON 00388511819TRLO1
16 April 2026 14:30:28 92 890.20 XLON 00388511818TRLO1
16 April 2026 14:32:20 138 891.20 XLON 00388512100TRLO1
16 April 2026 14:35:17 24 891.20 XLON 00388512547TRLO1
16 April 2026 14:36:45 129 890.00 XLON 00388512661TRLO1
16 April 2026 14:36:49 130 890.00 XLON 00388512669TRLO1
16 April 2026 14:40:36 76 890.00 XLON 00388513028TRLO1
16 April 2026 14:40:36 66 890.00 XLON 00388513027TRLO1
16 April 2026 14:44:49 136 889.80 XLON 00388513304TRLO1
16 April 2026 14:47:10 137 889.60 XLON 00388513526TRLO1
16 April 2026 14:47:13 134 889.40 XLON 00388513534TRLO1
16 April 2026 14:48:04 131 890.00 XLON 00388513580TRLO1
16 April 2026 14:49:03 136 890.00 XLON 00388513656TRLO1
16 April 2026 14:51:44 139 889.80 XLON 00388514037TRLO1
16 April 2026 14:51:44 117 889.80 XLON 00388514036TRLO1
16 April 2026 14:51:44 22 889.80 XLON 00388514035TRLO1
16 April 2026 14:52:20 260 889.60 XLON 00388514115TRLO1
16 April 2026 14:53:12 172 890.00 XLON 00388514180TRLO1
16 April 2026 14:53:14 271 889.20 XLON 00388514182TRLO1
16 April 2026 14:53:14 275 888.80 XLON 00388514185TRLO1
16 April 2026 14:53:27 139 889.00 XLON 00388514203TRLO1
16 April 2026 14:53:27 138 889.00 XLON 00388514202TRLO1
16 April 2026 14:53:27 139 889.00 XLON 00388514201TRLO1
16 April 2026 14:53:28 141 889.00 XLON 00388514215TRLO1
16 April 2026 14:54:23 134 889.00 XLON 00388514305TRLO1
16 April 2026 14:54:26 139 889.00 XLON 00388514309TRLO1
16 April 2026 14:54:26 135 889.00 XLON 00388514317TRLO1
16 April 2026 14:55:18 137 889.00 XLON 00388514444TRLO1
16 April 2026 14:55:35 93 889.00 XLON 00388514480TRLO1
16 April 2026 14:55:35 47 889.00 XLON 00388514479TRLO1
16 April 2026 14:58:25 101 889.20 XLON 00388514828TRLO1
16 April 2026 14:58:25 31 889.20 XLON 00388514827TRLO1
16 April 2026 15:01:04 130 889.00 XLON 00388515132TRLO1
16 April 2026 15:05:05 132 889.00 XLON 00388515432TRLO1
16 April 2026 15:05:08 129 889.00 XLON 00388515438TRLO1
16 April 2026 15:05:15 133 889.00 XLON 00388515468TRLO1
16 April 2026 15:05:54 130 889.00 XLON 00388515540TRLO1
16 April 2026 15:07:13 141 889.00 XLON 00388515617TRLO1
16 April 2026 15:13:08 136 891.60 XLON 00388516055TRLO1
16 April 2026 15:13:08 136 891.80 XLON 00388516054TRLO1
16 April 2026 15:15:38 138 891.00 XLON 00388516228TRLO1
16 April 2026 15:17:32 130 890.80 XLON 00388516373TRLO1
16 April 2026 15:19:08 138 892.60 XLON 00388516469TRLO1
16 April 2026 15:19:39 135 892.00 XLON 00388516490TRLO1
16 April 2026 15:20:48 135 891.80 XLON 00388516621TRLO1
16 April 2026 15:22:14 132 891.60 XLON 00388516781TRLO1
16 April 2026 15:27:29 139 893.60 XLON 00388517213TRLO1
16 April 2026 15:29:04 132 893.80 XLON 00388517414TRLO1
16 April 2026 15:29:04 132 894.00 XLON 00388517415TRLO1
16 April 2026 16:05:26 133 895.00 XLON 00388520116TRLO1
16 April 2026 16:07:07 138 894.40 XLON 00388520290TRLO1
16 April 2026 16:08:33 130 894.40 XLON 00388520413TRLO1
16 April 2026 16:09:50 141 894.40 XLON 00388520562TRLO1
16 April 2026 16:10:16 132 894.00 XLON 00388520631TRLO1
16 April 2026 16:10:51 132 894.00 XLON 00388520674TRLO1
16 April 2026 16:11:48 137 894.00 XLON 00388520744TRLO1
16 April 2026 16:11:48 139 893.60 XLON 00388520745TRLO1
16 April 2026 16:11:49 139 893.40 XLON 00388520748TRLO1
16 April 2026 16:12:08 139 893.20 XLON 00388520774TRLO1
16 April 2026 16:13:52 129 895.00 XLON 00388520979TRLO1
16 April 2026 16:16:40 140 895.00 XLON 00388521195TRLO1
16 April 2026 16:16:42 131 894.40 XLON 00388521197TRLO1
16 April 2026 16:18:24 138 894.00 XLON 00388521299TRLO1
16 April 2026 16:19:01 49 894.60 XLON 00388521329TRLO1
16 April 2026 16:19:01 81 894.60 XLON 00388521330TRLO1
16 April 2026 16:19:08 131 895.00 XLON 00388521364TRLO1
Enquiries:
Gamma Communications plc +44 (0) 33 3006 5972
Martin Hellawell, Chair
Andrew Belshaw, Chief Executive Officer
Rachael Matzopoulos, Company Secretary
Barclays Bank PLC, acting through its Investment Bank +44 (0) 20 7623 2323
(Lead Financial Adviser)
Alastair Blackman / Alex Evans / Callum West / Michael Hart
Q Advisors (Joint Financial Adviser) +1 720 837 3214
Michael Quinn / Kristian MacCarter
Investec (Joint Financial Adviser and Joint Broker) +44 (0) 20 7597 5970
Patrick Robb / Virginia Bull
Peel Hunt (Joint Financial Adviser and Joint Broker) +44 (0) 20 7418 8900
Neil Patel / Benjamin Cryer / Kate Bannatyne
Teneo (Financial PR Adviser) +44 (0) 20 7260 2700
James Macey White / Matt Low
Disclaimer
Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is
authorised by the Prudential Regulation Authority and regulated in the United
Kingdom by the Financial Conduct Authority and the Prudential Regulation
Authority, is acting exclusively for Gamma and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than Gamma for providing the protections afforded to clients of Barclays
nor for providing advice in relation to any matter referred to in this
announcement.
Investec Bank plc ("Investec"), which is authorised by the Prudential
Regulation Authority (the "PRA") and regulated by the Financial Conduct
Authority and PRA in the United Kingdom, is acting exclusively for Gamma and
for no one else in connection with the matters set out in this announcement
and will not be responsible to any person other than Gamma for providing the
protections afforded to clients of Investec, nor for providing advice in
relation to any matter referred to in this announcement. Neither Investec nor
any of its subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Investec in connection with this announcement, any statement
contained herein or otherwise.
Peel Hunt LLP is authorised and regulated in the United Kingdom by the
Financial Conduct Authority and is acting exclusively for Gamma and no one
else in connection with the matters set out in this announcement and will not
be responsible to anyone other than Gamma for providing the protections
afforded to clients of Peel Hunt LLP nor for providing advice in relation to
any matter referred to in this announcement.
In accordance with the Code, normal United Kingdom market practice and Rule
14e-5(b) of the Securities Exchange Act 1934 of the United States, Barclays,
Investec, Peel Hunt and its affiliates will continue to act as exempt
principal traders in Gamma securities on the London Stock Exchange. These
purchases and activities by exempt principal traders which are required to be
made public in the United Kingdom pursuant to the Code will be reported to a
Regulatory Information Service and will be available on the London Stock
Exchange website at www.londonstockexchange.com. This information will also be
publicly disclosed in the United States to the extent that such information is
made public in the United Kingdom.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights
to subscribe for, any relevant securities of each of (i) the offeree company
and (ii) any securities exchange offeror(s). An Opening Position Disclosure by
a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s), save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure by a person
to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London
time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.Opening Position
Disclosures must also be made by the offeree company and by any offeror and
Dealing Disclosures must also be made by the offeree company, by any offeror
and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
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