REG - Gamma Communications - Transaction in Own Shares
12/05/2026 07:00
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RNS Number : 8674D Gamma Communications PLC 12 May 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
12 May 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: 11 May 2026
Number of ordinary shares purchased: 18,837
Lowest price per share (pence): 918.00
Highest price per share (pence): 955.00
Weighted average price per day (pence): 929.0389
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,617,508 ordinary shares since the commencement of the buyback programme and
will have 92,146,843 ordinary shares in issue. There are 1,578,525 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,568,318 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
90,568,318 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 929.0389 18,837 918.00 955.00
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
11 May 2026 08:05:33 79 955.00 XLON 00392778747TRLO1
11 May 2026 08:12:33 87 926.00 XLON 00392783583TRLO1
11 May 2026 08:12:35 80 923.00 XLON 00392783598TRLO1
11 May 2026 08:16:24 80 920.50 XLON 00392785384TRLO1
11 May 2026 08:16:24 84 920.50 XLON 00392785385TRLO1
11 May 2026 08:20:13 80 918.00 XLON 00392787413TRLO1
11 May 2026 08:20:24 84 919.00 XLON 00392787517TRLO1
11 May 2026 08:57:58 169 925.00 XLON 00392816295TRLO1
11 May 2026 08:57:59 180 925.50 XLON 00392816296TRLO1
11 May 2026 09:00:00 164 924.50 XLON 00392819309TRLO1
11 May 2026 09:19:15 165 927.50 XLON 00392829572TRLO1
11 May 2026 09:31:19 177 927.00 XLON 00392835510TRLO1
11 May 2026 09:34:19 171 926.00 XLON 00392837323TRLO1
11 May 2026 09:34:22 20 926.00 XLON 00392837335TRLO1
11 May 2026 09:34:22 169 926.50 XLON 00392837336TRLO1
11 May 2026 09:38:27 40 931.00 XLON 00392840621TRLO1
11 May 2026 09:38:27 64 931.00 XLON 00392840622TRLO1
11 May 2026 09:38:29 52 931.00 XLON 00392840649TRLO1
11 May 2026 09:38:31 172 930.50 XLON 00392840658TRLO1
11 May 2026 09:38:36 49 930.50 XLON 00392840694TRLO1
11 May 2026 09:46:33 218 930.00 XLON 00392846488TRLO1
11 May 2026 09:46:33 130 930.00 XLON 00392846489TRLO1
11 May 2026 09:46:33 174 930.00 XLON 00392846490TRLO1
11 May 2026 09:46:33 174 930.00 XLON 00392846491TRLO1
11 May 2026 09:46:33 174 930.00 XLON 00392846492TRLO1
11 May 2026 09:46:33 829 929.50 XLON 00392846493TRLO1
11 May 2026 09:54:52 95 929.00 XLON 00392853640TRLO1
11 May 2026 09:55:50 48 929.00 XLON 00392854437TRLO1
11 May 2026 10:06:04 338 930.00 XLON 00392861131TRLO1
11 May 2026 10:06:04 169 930.00 XLON 00392861132TRLO1
11 May 2026 10:06:04 169 930.00 XLON 00392861133TRLO1
11 May 2026 10:06:04 168 930.00 XLON 00392861134TRLO1
11 May 2026 10:07:13 102 931.50 XLON 00392861934TRLO1
11 May 2026 10:07:13 250 931.50 XLON 00392861935TRLO1
11 May 2026 10:07:13 176 931.50 XLON 00392861936TRLO1
11 May 2026 10:18:13 171 930.00 XLON 00392869101TRLO1
11 May 2026 10:28:32 55 930.50 XLON 00392875240TRLO1
11 May 2026 10:28:37 107 930.50 XLON 00392875270TRLO1
11 May 2026 10:47:03 179 935.50 XLON 00392893979TRLO1
11 May 2026 10:57:00 171 938.00 XLON 00392901416TRLO1
11 May 2026 11:00:08 171 935.50 XLON 00392903130TRLO1
11 May 2026 11:17:43 171 934.50 XLON 00392903719TRLO1
11 May 2026 11:21:24 167 935.00 XLON 00392903837TRLO1
11 May 2026 11:21:36 129 934.50 XLON 00392903840TRLO1
11 May 2026 11:26:00 6 936.50 XLON 00392903968TRLO1
11 May 2026 11:27:40 92 936.50 XLON 00392904018TRLO1
11 May 2026 11:27:40 77 936.50 XLON 00392904019TRLO1
11 May 2026 11:38:47 169 935.50 XLON 00392904891TRLO1
11 May 2026 11:42:14 100 933.50 XLON 00392905266TRLO1
11 May 2026 11:42:14 74 933.50 XLON 00392905267TRLO1
11 May 2026 12:29:04 167 933.50 XLON 00392907449TRLO1
11 May 2026 12:29:14 58 933.50 XLON 00392907468TRLO1
11 May 2026 12:31:00 8 933.50 XLON 00392907509TRLO1
11 May 2026 12:31:00 128 933.00 XLON 00392907510TRLO1
11 May 2026 12:31:00 36 933.00 XLON 00392907511TRLO1
11 May 2026 12:35:05 4 931.50 XLON 00392907633TRLO1
11 May 2026 12:35:05 1 931.50 XLON 00392907634TRLO1
11 May 2026 12:35:05 1 931.50 XLON 00392907635TRLO1
11 May 2026 12:35:07 162 931.50 XLON 00392907638TRLO1
11 May 2026 12:37:48 28 932.50 XLON 00392907831TRLO1
11 May 2026 12:37:48 2 931.50 XLON 00392907832TRLO1
11 May 2026 12:43:43 32 932.00 XLON 00392908158TRLO1
11 May 2026 12:43:43 134 932.00 XLON 00392908159TRLO1
11 May 2026 12:51:26 1 931.00 XLON 00392908636TRLO1
11 May 2026 12:51:26 1 931.00 XLON 00392908637TRLO1
11 May 2026 12:52:25 6 931.00 XLON 00392908678TRLO1
11 May 2026 12:52:25 1 931.00 XLON 00392908679TRLO1
11 May 2026 13:02:09 15 932.50 XLON 00392909133TRLO1
11 May 2026 13:02:12 166 932.00 XLON 00392909138TRLO1
11 May 2026 13:12:00 13 932.00 XLON 00392909435TRLO1
11 May 2026 13:12:00 21 932.00 XLON 00392909436TRLO1
11 May 2026 13:12:00 40 932.00 XLON 00392909437TRLO1
11 May 2026 13:12:06 80 931.00 XLON 00392909443TRLO1
11 May 2026 13:13:12 80 931.00 XLON 00392909491TRLO1
11 May 2026 13:14:44 167 931.00 XLON 00392909545TRLO1
11 May 2026 13:16:25 12 932.50 XLON 00392909627TRLO1
11 May 2026 13:16:39 391 933.00 XLON 00392909633TRLO1
11 May 2026 13:19:55 175 934.00 XLON 00392909746TRLO1
11 May 2026 13:29:05 167 934.00 XLON 00392910073TRLO1
11 May 2026 13:39:15 101 933.50 XLON 00392910481TRLO1
11 May 2026 13:39:21 173 934.00 XLON 00392910500TRLO1
11 May 2026 13:41:56 79 932.50 XLON 00392910580TRLO1
11 May 2026 13:52:19 175 933.00 XLON 00392911041TRLO1
11 May 2026 13:52:44 54 932.50 XLON 00392911050TRLO1
11 May 2026 13:52:50 91 933.00 XLON 00392911059TRLO1
11 May 2026 14:15:41 176 934.00 XLON 00392912176TRLO1
11 May 2026 14:16:00 56 933.50 XLON 00392912187TRLO1
11 May 2026 14:16:00 120 933.50 XLON 00392912188TRLO1
11 May 2026 14:23:22 169 932.50 XLON 00392912495TRLO1
11 May 2026 14:24:00 176 932.00 XLON 00392912514TRLO1
11 May 2026 14:29:32 168 931.50 XLON 00392912783TRLO1
11 May 2026 14:29:33 174 931.00 XLON 00392912784TRLO1
11 May 2026 14:35:32 171 930.00 XLON 00392913439TRLO1
11 May 2026 14:39:28 178 928.50 XLON 00392913552TRLO1
11 May 2026 14:40:06 44 929.00 XLON 00392913571TRLO1
11 May 2026 14:40:06 28 929.00 XLON 00392913572TRLO1
11 May 2026 14:40:06 28 929.00 XLON 00392913573TRLO1
11 May 2026 14:40:06 76 929.00 XLON 00392913574TRLO1
11 May 2026 14:40:11 176 928.50 XLON 00392913587TRLO1
11 May 2026 14:41:39 92 928.50 XLON 00392913732TRLO1
11 May 2026 14:47:41 56 930.00 XLON 00392914182TRLO1
11 May 2026 14:51:13 168 929.50 XLON 00392914582TRLO1
11 May 2026 14:59:56 175 929.50 XLON 00392915235TRLO1
11 May 2026 15:05:19 163 929.00 XLON 00392915584TRLO1
11 May 2026 15:05:19 16 929.00 XLON 00392915585TRLO1
11 May 2026 15:05:40 92 928.50 XLON 00392915605TRLO1
11 May 2026 15:05:40 74 928.50 XLON 00392915606TRLO1
11 May 2026 15:07:17 167 928.50 XLON 00392915692TRLO1
11 May 2026 15:10:06 92 928.50 XLON 00392915816TRLO1
11 May 2026 15:10:25 79 928.50 XLON 00392915871TRLO1
11 May 2026 15:10:25 92 928.50 XLON 00392915872TRLO1
11 May 2026 15:20:58 19 928.00 XLON 00392916744TRLO1
11 May 2026 15:23:46 165 928.00 XLON 00392916875TRLO1
11 May 2026 15:24:31 177 929.00 XLON 00392916918TRLO1
11 May 2026 15:28:15 120 928.00 XLON 00392917289TRLO1
11 May 2026 15:29:33 56 928.00 XLON 00392917416TRLO1
11 May 2026 15:29:33 120 928.00 XLON 00392917417TRLO1
11 May 2026 15:29:33 178 927.50 XLON 00392917418TRLO1
11 May 2026 15:29:33 178 927.00 XLON 00392917419TRLO1
11 May 2026 15:32:08 173 926.00 XLON 00392917780TRLO1
11 May 2026 15:35:00 172 925.50 XLON 00392918040TRLO1
11 May 2026 15:35:00 166 924.50 XLON 00392918042TRLO1
11 May 2026 15:35:00 165 924.50 XLON 00392918043TRLO1
11 May 2026 15:49:00 167 923.50 XLON 00392918834TRLO1
11 May 2026 15:49:00 400 924.00 XLON 00392918835TRLO1
11 May 2026 15:49:00 94 924.00 XLON 00392918836TRLO1
11 May 2026 15:49:00 99 924.50 XLON 00392918837TRLO1
11 May 2026 15:49:01 106 924.00 XLON 00392918838TRLO1
11 May 2026 15:49:01 73 924.00 XLON 00392918839TRLO1
11 May 2026 15:53:46 52 924.50 XLON 00392919103TRLO1
11 May 2026 15:53:46 44 924.50 XLON 00392919104TRLO1
11 May 2026 15:53:46 173 923.50 XLON 00392919105TRLO1
11 May 2026 15:53:47 173 923.50 XLON 00392919106TRLO1
11 May 2026 15:55:08 99 924.50 XLON 00392919180TRLO1
11 May 2026 15:55:43 400 924.50 XLON 00392919192TRLO1
11 May 2026 15:55:43 168 924.50 XLON 00392919193TRLO1
11 May 2026 15:55:43 36 924.50 XLON 00392919194TRLO1
11 May 2026 15:55:43 167 924.00 XLON 00392919195TRLO1
11 May 2026 16:01:50 168 924.50 XLON 00392919444TRLO1
11 May 2026 16:04:04 167 924.00 XLON 00392919614TRLO1
11 May 2026 16:04:04 97 924.00 XLON 00392919615TRLO1
11 May 2026 16:04:04 6 924.00 XLON 00392919616TRLO1
11 May 2026 16:04:04 67 924.50 XLON 00392919617TRLO1
11 May 2026 16:04:14 164 925.00 XLON 00392919622TRLO1
11 May 2026 16:04:19 96 925.00 XLON 00392919627TRLO1
11 May 2026 16:04:52 176 925.00 XLON 00392919657TRLO1
11 May 2026 16:06:55 96 925.50 XLON 00392919868TRLO1
11 May 2026 16:07:00 169 925.50 XLON 00392919881TRLO1
11 May 2026 16:09:39 187 926.50 XLON 00392920092TRLO1
11 May 2026 16:11:17 164 926.00 XLON 00392920156TRLO1
11 May 2026 16:14:58 174 926.00 XLON 00392920343TRLO1
11 May 2026 16:18:00 171 926.50 XLON 00392920601TRLO1
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 / Alice Lane / Benjamin Cryer
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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