REG - Gamma Communications - Transaction in Own Shares
27/04/2026 07:00
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RNS Number : 9152B Gamma Communications PLC 27 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
27 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: 24 April 2026
Number of ordinary shares purchased: 23,315
Lowest price per share (pence): 939.00
Highest price per share (pence): 958.60
Weighted average price per day (pence): 947.4333
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,388,662 ordinary shares since the commencement of the buyback programme and
will have 92,375,689 ordinary shares in issue. There are 1,580,580 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,795,109 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
90,795,109 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 947.4333 23,315 939.00 958.60
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
24 April 2026 08:03:21 39 951.60 XLON 00389811133TRLO1
24 April 2026 08:03:28 290 951.00 XLON 00389811234TRLO1
24 April 2026 08:03:53 93 951.00 XLON 00389811529TRLO1
24 April 2026 08:12:38 17 955.40 XLON 00389818987TRLO1
24 April 2026 08:12:39 57 955.40 XLON 00389818993TRLO1
24 April 2026 08:13:06 30 955.60 XLON 00389819329TRLO1
24 April 2026 08:17:27 96 956.20 XLON 00389822096TRLO1
24 April 2026 08:19:57 96 955.20 XLON 00389824501TRLO1
24 April 2026 08:21:20 79 956.80 XLON 00389825260TRLO1
24 April 2026 08:27:44 1 957.80 XLON 00389828929TRLO1
24 April 2026 08:36:31 45 958.60 XLON 00389834447TRLO1
24 April 2026 08:36:33 51 958.60 XLON 00389834469TRLO1
24 April 2026 08:36:33 45 958.60 XLON 00389834470TRLO1
24 April 2026 08:37:16 390 958.40 XLON 00389834891TRLO1
24 April 2026 08:40:43 56 957.60 XLON 00389836964TRLO1
24 April 2026 08:40:43 42 957.60 XLON 00389836965TRLO1
24 April 2026 08:41:08 95 956.20 XLON 00389837189TRLO1
24 April 2026 08:41:08 92 956.00 XLON 00389837191TRLO1
24 April 2026 08:41:09 94 955.60 XLON 00389837194TRLO1
24 April 2026 08:42:30 53 954.60 XLON 00389837931TRLO1
24 April 2026 08:42:33 38 954.60 XLON 00389837963TRLO1
24 April 2026 08:42:33 53 954.60 XLON 00389837964TRLO1
24 April 2026 08:45:03 75 952.20 XLON 00389839443TRLO1
24 April 2026 08:48:25 61 951.80 XLON 00389841412TRLO1
24 April 2026 08:54:50 96 950.20 XLON 00389845125TRLO1
24 April 2026 08:54:51 692 949.00 XLON 00389845137TRLO1
24 April 2026 08:54:51 99 949.00 XLON 00389845138TRLO1
24 April 2026 08:54:56 92 947.60 XLON 00389845238TRLO1
24 April 2026 08:54:59 92 947.60 XLON 00389845279TRLO1
24 April 2026 08:55:48 93 947.40 XLON 00389845707TRLO1
24 April 2026 09:04:33 60 949.80 XLON 00389850626TRLO1
24 April 2026 09:07:00 186 949.00 XLON 00389852027TRLO1
24 April 2026 09:07:00 94 949.00 XLON 00389852028TRLO1
24 April 2026 09:08:58 183 947.80 XLON 00389853080TRLO1
24 April 2026 09:13:22 92 949.00 XLON 00389855861TRLO1
24 April 2026 09:13:22 81 949.00 XLON 00389855862TRLO1
24 April 2026 09:16:59 89 947.40 XLON 00389858411TRLO1
24 April 2026 09:19:59 92 947.80 XLON 00389860334TRLO1
24 April 2026 09:21:18 98 948.60 XLON 00389861180TRLO1
24 April 2026 09:22:20 76 947.00 XLON 00389861816TRLO1
24 April 2026 09:22:20 17 947.00 XLON 00389861817TRLO1
24 April 2026 09:26:17 63 945.00 XLON 00389864350TRLO1
24 April 2026 09:26:17 93 945.00 XLON 00389864351TRLO1
24 April 2026 09:38:36 7 944.20 XLON 00389872508TRLO1
24 April 2026 09:42:36 20 944.20 XLON 00389875452TRLO1
24 April 2026 09:44:58 94 944.00 XLON 00389876903TRLO1
24 April 2026 09:48:47 94 943.00 XLON 00389879195TRLO1
24 April 2026 09:48:54 97 942.00 XLON 00389879273TRLO1
24 April 2026 09:50:38 95 940.80 XLON 00389880627TRLO1
24 April 2026 09:50:38 37 939.40 XLON 00389880628TRLO1
24 April 2026 09:50:38 7 939.40 XLON 00389880629TRLO1
24 April 2026 09:50:45 26 939.60 XLON 00389880728TRLO1
24 April 2026 09:55:19 47 939.00 XLON 00389883661TRLO1
24 April 2026 09:55:43 35 939.40 XLON 00389883946TRLO1
24 April 2026 10:01:42 92 940.20 XLON 00389888528TRLO1
24 April 2026 10:01:45 45 939.20 XLON 00389888559TRLO1
24 April 2026 10:07:29 94 940.00 XLON 00389893257TRLO1
24 April 2026 10:07:29 99 940.00 XLON 00389893266TRLO1
24 April 2026 10:07:29 99 940.00 XLON 00389893267TRLO1
24 April 2026 10:07:32 99 940.00 XLON 00389893348TRLO1
24 April 2026 10:07:53 99 940.00 XLON 00389893594TRLO1
24 April 2026 10:16:52 93 940.00 XLON 00389900357TRLO1
24 April 2026 10:16:53 97 940.00 XLON 00389900364TRLO1
24 April 2026 10:17:01 93 940.00 XLON 00389900472TRLO1
24 April 2026 10:17:45 99 940.00 XLON 00389901045TRLO1
24 April 2026 10:18:18 25 940.00 XLON 00389901428TRLO1
24 April 2026 10:18:36 24 940.00 XLON 00389901624TRLO1
24 April 2026 10:29:22 64 943.00 XLON 00389909781TRLO1
24 April 2026 10:29:22 10 943.00 XLON 00389909782TRLO1
24 April 2026 10:29:22 19 943.00 XLON 00389909783TRLO1
24 April 2026 10:29:49 97 942.20 XLON 00389910208TRLO1
24 April 2026 10:29:50 91 941.80 XLON 00389910224TRLO1
24 April 2026 10:34:06 97 940.00 XLON 00389919148TRLO1
24 April 2026 10:34:07 94 940.00 XLON 00389919166TRLO1
24 April 2026 10:34:08 97 940.00 XLON 00389919179TRLO1
24 April 2026 10:35:03 97 940.00 XLON 00389921447TRLO1
24 April 2026 10:50:17 95 943.20 XLON 00389940453TRLO1
24 April 2026 10:51:51 94 942.00 XLON 00389941527TRLO1
24 April 2026 10:58:42 94 943.80 XLON 00389945591TRLO1
24 April 2026 10:58:42 94 942.60 XLON 00389945592TRLO1
24 April 2026 10:58:42 94 942.80 XLON 00389945593TRLO1
24 April 2026 11:09:38 13 940.00 XLON 00389946452TRLO1
24 April 2026 11:15:59 87 941.60 XLON 00389946775TRLO1
24 April 2026 11:16:44 87 941.60 XLON 00389946814TRLO1
24 April 2026 11:16:44 4 941.60 XLON 00389946815TRLO1
24 April 2026 11:18:57 99 943.40 XLON 00389946881TRLO1
24 April 2026 11:19:04 96 942.60 XLON 00389946882TRLO1
24 April 2026 11:19:15 93 942.20 XLON 00389946894TRLO1
24 April 2026 11:20:39 94 941.20 XLON 00389946963TRLO1
24 April 2026 11:22:07 46 941.00 XLON 00389947039TRLO1
24 April 2026 11:22:54 99 940.20 XLON 00389947047TRLO1
24 April 2026 11:22:58 93 940.00 XLON 00389947051TRLO1
24 April 2026 11:22:58 94 940.00 XLON 00389947052TRLO1
24 April 2026 11:23:00 94 940.00 XLON 00389947057TRLO1
24 April 2026 11:23:52 98 940.00 XLON 00389947113TRLO1
24 April 2026 11:34:22 98 940.00 XLON 00389947352TRLO1
24 April 2026 12:00:30 99 943.40 XLON 00389948604TRLO1
24 April 2026 12:00:38 98 942.80 XLON 00389948606TRLO1
24 April 2026 12:04:53 54 944.20 XLON 00389948836TRLO1
24 April 2026 12:04:53 41 944.20 XLON 00389948837TRLO1
24 April 2026 12:09:00 98 945.20 XLON 00389949346TRLO1
24 April 2026 12:10:36 78 946.20 XLON 00389949469TRLO1
24 April 2026 12:12:26 98 950.80 XLON 00389949630TRLO1
24 April 2026 12:20:49 99 951.40 XLON 00389949956TRLO1
24 April 2026 12:21:15 98 950.60 XLON 00389949988TRLO1
24 April 2026 12:21:34 99 949.40 XLON 00389950005TRLO1
24 April 2026 12:23:27 92 950.20 XLON 00389950245TRLO1
24 April 2026 12:23:37 25 949.00 XLON 00389950248TRLO1
24 April 2026 12:24:01 273 949.00 XLON 00389950258TRLO1
24 April 2026 12:29:05 391 950.00 XLON 00389950561TRLO1
24 April 2026 12:30:55 187 949.40 XLON 00389950644TRLO1
24 April 2026 12:36:47 95 950.20 XLON 00389950858TRLO1
24 April 2026 12:40:03 22 950.20 XLON 00389951006TRLO1
24 April 2026 12:44:37 93 949.60 XLON 00389951297TRLO1
24 April 2026 12:50:36 97 953.60 XLON 00389953292TRLO1
24 April 2026 12:54:25 95 952.40 XLON 00389953379TRLO1
24 April 2026 13:00:16 38 952.60 XLON 00389953626TRLO1
24 April 2026 13:00:21 99 952.20 XLON 00389953627TRLO1
24 April 2026 13:04:41 96 952.00 XLON 00389953843TRLO1
24 April 2026 13:05:47 76 952.00 XLON 00389953868TRLO1
24 April 2026 13:05:47 17 952.00 XLON 00389953869TRLO1
24 April 2026 13:05:47 96 951.80 XLON 00389953870TRLO1
24 April 2026 13:05:49 99 951.40 XLON 00389953872TRLO1
24 April 2026 13:07:09 99 951.20 XLON 00389953896TRLO1
24 April 2026 13:19:19 99 953.80 XLON 00389954456TRLO1
24 April 2026 13:29:27 94 953.80 XLON 00389954818TRLO1
24 April 2026 13:29:49 99 953.40 XLON 00389954824TRLO1
24 April 2026 13:30:20 30 952.60 XLON 00389954829TRLO1
24 April 2026 13:34:04 191 951.80 XLON 00389955124TRLO1
24 April 2026 13:36:51 93 951.20 XLON 00389955344TRLO1
24 April 2026 13:37:16 96 951.20 XLON 00389955436TRLO1
24 April 2026 13:37:42 94 950.00 XLON 00389955460TRLO1
24 April 2026 13:37:42 94 949.40 XLON 00389955461TRLO1
24 April 2026 13:42:26 29 948.40 XLON 00389955651TRLO1
24 April 2026 13:44:05 91 948.20 XLON 00389955685TRLO1
24 April 2026 13:45:10 272 948.00 XLON 00389955736TRLO1
24 April 2026 14:00:00 191 951.60 XLON 00389956251TRLO1
24 April 2026 14:00:00 95 951.60 XLON 00389956252TRLO1
24 April 2026 14:01:29 99 950.00 XLON 00389956307TRLO1
24 April 2026 14:04:15 50 948.40 XLON 00389956369TRLO1
24 April 2026 14:07:00 18 948.00 XLON 00389956519TRLO1
24 April 2026 14:07:25 75 948.00 XLON 00389956534TRLO1
24 April 2026 14:07:25 18 948.00 XLON 00389956535TRLO1
24 April 2026 14:09:14 97 947.20 XLON 00389956623TRLO1
24 April 2026 14:13:16 195 948.60 XLON 00389956766TRLO1
24 April 2026 14:17:03 52 947.40 XLON 00389957063TRLO1
24 April 2026 14:17:36 42 947.40 XLON 00389957152TRLO1
24 April 2026 14:17:36 52 947.40 XLON 00389957153TRLO1
24 April 2026 14:18:48 94 948.00 XLON 00389957176TRLO1
24 April 2026 14:22:04 96 947.00 XLON 00389957368TRLO1
24 April 2026 14:22:04 96 947.00 XLON 00389957369TRLO1
24 April 2026 14:32:08 99 946.40 XLON 00389958742TRLO1
24 April 2026 14:32:08 99 946.20 XLON 00389958743TRLO1
24 April 2026 14:32:24 294 946.00 XLON 00389958748TRLO1
24 April 2026 14:32:24 1 946.00 XLON 00389958749TRLO1
24 April 2026 14:32:24 98 946.00 XLON 00389958750TRLO1
24 April 2026 14:32:24 98 945.60 XLON 00389958751TRLO1
24 April 2026 14:36:25 378 945.20 XLON 00389959092TRLO1
24 April 2026 14:39:50 188 945.60 XLON 00389959312TRLO1
24 April 2026 14:45:26 11 947.20 XLON 00389959565TRLO1
24 April 2026 14:51:05 95 947.20 XLON 00389960054TRLO1
24 April 2026 14:51:05 94 947.20 XLON 00389960055TRLO1
24 April 2026 14:53:34 194 946.60 XLON 00389960215TRLO1
24 April 2026 14:53:52 171 946.40 XLON 00389960237TRLO1
24 April 2026 14:53:52 8 946.40 XLON 00389960238TRLO1
24 April 2026 14:55:04 92 945.60 XLON 00389960312TRLO1
24 April 2026 14:56:29 97 946.20 XLON 00389960413TRLO1
24 April 2026 14:57:56 45 948.20 XLON 00389960482TRLO1
24 April 2026 14:57:56 46 948.20 XLON 00389960483TRLO1
24 April 2026 14:57:56 7 948.20 XLON 00389960484TRLO1
24 April 2026 15:03:26 98 948.20 XLON 00389960853TRLO1
24 April 2026 15:03:49 95 947.60 XLON 00389960878TRLO1
24 April 2026 15:05:38 4 948.40 XLON 00389960968TRLO1
24 April 2026 15:05:38 38 948.00 XLON 00389960969TRLO1
24 April 2026 15:06:47 38 948.40 XLON 00389961039TRLO1
24 April 2026 15:06:53 52 948.20 XLON 00389961043TRLO1
24 April 2026 15:06:56 4 948.40 XLON 00389961046TRLO1
24 April 2026 15:07:01 67 948.00 XLON 00389961049TRLO1
24 April 2026 15:07:14 67 948.00 XLON 00389961081TRLO1
24 April 2026 15:07:14 25 948.00 XLON 00389961082TRLO1
24 April 2026 15:08:21 127 948.20 XLON 00389961105TRLO1
24 April 2026 15:08:21 50 948.20 XLON 00389961106TRLO1
24 April 2026 15:10:22 92 948.20 XLON 00389961146TRLO1
24 April 2026 15:11:12 96 948.20 XLON 00389961163TRLO1
24 April 2026 15:13:07 92 948.00 XLON 00389961283TRLO1
24 April 2026 15:17:51 1 948.00 XLON 00389961580TRLO1
24 April 2026 15:17:51 1 948.00 XLON 00389961581TRLO1
24 April 2026 15:17:51 29 948.00 XLON 00389961582TRLO1
24 April 2026 15:17:51 26 948.00 XLON 00389961583TRLO1
24 April 2026 15:17:51 37 948.00 XLON 00389961584TRLO1
24 April 2026 15:17:52 92 947.80 XLON 00389961585TRLO1
24 April 2026 15:18:00 95 947.40 XLON 00389961595TRLO1
24 April 2026 15:18:02 94 947.20 XLON 00389961596TRLO1
24 April 2026 15:19:03 92 946.80 XLON 00389961636TRLO1
24 April 2026 15:20:31 76 946.20 XLON 00389961717TRLO1
24 April 2026 15:21:24 22 948.80 XLON 00389961741TRLO1
24 April 2026 15:21:24 22 948.80 XLON 00389961742TRLO1
24 April 2026 15:21:24 49 948.80 XLON 00389961743TRLO1
24 April 2026 15:21:24 186 949.20 XLON 00389961744TRLO1
24 April 2026 15:22:35 94 948.80 XLON 00389961912TRLO1
24 April 2026 15:25:30 64 948.60 XLON 00389962127TRLO1
24 April 2026 15:26:27 57 948.20 XLON 00389962160TRLO1
24 April 2026 15:26:27 17 948.20 XLON 00389962161TRLO1
24 April 2026 15:26:27 98 947.60 XLON 00389962162TRLO1
24 April 2026 15:26:27 59 947.60 XLON 00389962163TRLO1
24 April 2026 15:26:27 57 947.60 XLON 00389962164TRLO1
24 April 2026 15:26:27 27 947.60 XLON 00389962165TRLO1
24 April 2026 15:26:28 98 947.20 XLON 00389962166TRLO1
24 April 2026 15:26:42 92 946.60 XLON 00389962191TRLO1
24 April 2026 15:31:20 8 946.80 XLON 00389962408TRLO1
24 April 2026 15:31:20 90 946.80 XLON 00389962409TRLO1
24 April 2026 15:33:46 11 946.80 XLON 00389962505TRLO1
24 April 2026 15:34:48 99 947.00 XLON 00389962543TRLO1
24 April 2026 15:35:00 92 946.60 XLON 00389962545TRLO1
24 April 2026 15:43:06 97 946.60 XLON 00389962896TRLO1
24 April 2026 15:45:42 99 946.00 XLON 00389963050TRLO1
24 April 2026 15:45:42 99 946.00 XLON 00389963051TRLO1
24 April 2026 15:46:07 195 945.80 XLON 00389963098TRLO1
24 April 2026 15:48:58 95 946.00 XLON 00389963218TRLO1
24 April 2026 15:50:58 29 946.00 XLON 00389963319TRLO1
24 April 2026 15:53:48 92 948.40 XLON 00389963523TRLO1
24 April 2026 15:53:58 283 947.40 XLON 00389963528TRLO1
24 April 2026 15:56:02 92 947.00 XLON 00389963626TRLO1
24 April 2026 15:58:50 26 948.20 XLON 00389963808TRLO1
24 April 2026 15:58:50 52 948.20 XLON 00389963809TRLO1
24 April 2026 15:58:50 52 948.20 XLON 00389963810TRLO1
24 April 2026 15:58:50 25 948.20 XLON 00389963811TRLO1
24 April 2026 15:58:50 55 948.20 XLON 00389963812TRLO1
24 April 2026 15:58:50 80 948.20 XLON 00389963813TRLO1
24 April 2026 15:58:50 93 947.40 XLON 00389963814TRLO1
24 April 2026 15:58:55 186 946.80 XLON 00389963816TRLO1
24 April 2026 15:58:55 93 946.80 XLON 00389963817TRLO1
24 April 2026 15:58:55 100 946.80 XLON 00389963818TRLO1
24 April 2026 15:59:05 67 946.80 XLON 00389963832TRLO1
24 April 2026 15:59:05 56 946.80 XLON 00389963833TRLO1
24 April 2026 15:59:21 29 945.40 XLON 00389963849TRLO1
24 April 2026 16:00:21 62 946.40 XLON 00389963972TRLO1
24 April 2026 16:00:21 66 946.40 XLON 00389963973TRLO1
24 April 2026 16:00:21 190 946.00 XLON 00389963974TRLO1
24 April 2026 16:00:26 58 946.40 XLON 00389963979TRLO1
24 April 2026 16:00:26 64 946.40 XLON 00389963980TRLO1
24 April 2026 16:00:26 124 946.40 XLON 00389963981TRLO1
24 April 2026 16:00:28 69 945.60 XLON 00389963982TRLO1
24 April 2026 16:00:28 69 945.60 XLON 00389963983TRLO1
24 April 2026 16:00:28 57 945.60 XLON 00389963984TRLO1
24 April 2026 16:00:47 204 946.00 XLON 00389964014TRLO1
24 April 2026 16:00:55 68 945.80 XLON 00389964055TRLO1
24 April 2026 16:00:55 35 945.80 XLON 00389964056TRLO1
24 April 2026 16:01:03 67 945.80 XLON 00389964082TRLO1
24 April 2026 16:01:03 38 945.80 XLON 00389964083TRLO1
24 April 2026 16:02:06 196 945.60 XLON 00389964172TRLO1
24 April 2026 16:02:10 67 947.40 XLON 00389964173TRLO1
24 April 2026 16:03:40 273 947.80 XLON 00389964295TRLO1
24 April 2026 16:03:40 57 948.20 XLON 00389964296TRLO1
24 April 2026 16:03:40 191 948.20 XLON 00389964297TRLO1
24 April 2026 16:03:40 50 948.40 XLON 00389964298TRLO1
24 April 2026 16:04:21 59 949.40 XLON 00389964343TRLO1
24 April 2026 16:04:21 34 949.40 XLON 00389964344TRLO1
24 April 2026 16:04:21 92 949.40 XLON 00389964345TRLO1
24 April 2026 16:04:46 95 948.60 XLON 00389964368TRLO1
24 April 2026 16:06:15 92 948.00 XLON 00389964491TRLO1
24 April 2026 16:11:43 91 946.80 XLON 00389964943TRLO1
24 April 2026 16:14:08 36 946.00 XLON 00389965106TRLO1
24 April 2026 16:14:08 55 946.00 XLON 00389965107TRLO1
24 April 2026 16:15:00 91 944.40 XLON 00389965145TRLO1
24 April 2026 16:16:11 96 944.00 XLON 00389965218TRLO1
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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rns@lseg.com (mailto:rns@lseg.com)
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