REG - Gamma Communications - Transaction in Own Shares
15/05/2026 07:01
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RNS Number : 4125E Gamma Communications PLC 15 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
15 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: 14 May 2026
Number of ordinary shares purchased: 23,314
Lowest price per share (pence): 913.50
Highest price per share (pence): 938.00
Weighted average price per day (pence): 923.7101
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,685,649 ordinary shares since the commencement of the buyback programme and
will have 92,078,702 ordinary shares in issue. There are 1,578,525 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,500,177 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
90,500,177 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 923.7101 23,314 913.50 938.00
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
14 May 2026 08:01:05 89 932.00 XLON 00393550276TRLO1
14 May 2026 08:11:00 85 929.00 XLON 00393566043TRLO1
14 May 2026 08:13:22 45 929.50 XLON 00393569373TRLO1
14 May 2026 08:13:22 48 929.50 XLON 00393569374TRLO1
14 May 2026 08:13:59 85 929.50 XLON 00393570162TRLO1
14 May 2026 08:15:40 42 929.50 XLON 00393572801TRLO1
14 May 2026 08:17:30 86 927.50 XLON 00393575388TRLO1
14 May 2026 08:19:12 86 926.00 XLON 00393577240TRLO1
14 May 2026 08:19:12 85 926.00 XLON 00393577241TRLO1
14 May 2026 08:20:16 83 923.50 XLON 00393578415TRLO1
14 May 2026 08:21:39 90 923.50 XLON 00393579971TRLO1
14 May 2026 08:21:45 166 923.00 XLON 00393580074TRLO1
14 May 2026 08:22:20 84 921.00 XLON 00393580742TRLO1
14 May 2026 08:31:45 83 920.00 XLON 00393592024TRLO1
14 May 2026 08:42:15 23 924.00 XLON 00393601053TRLO1
14 May 2026 08:42:15 46 924.00 XLON 00393601054TRLO1
14 May 2026 08:42:31 394 925.00 XLON 00393601298TRLO1
14 May 2026 08:42:44 839 923.50 XLON 00393601467TRLO1
14 May 2026 08:50:03 84 921.50 XLON 00393606537TRLO1
14 May 2026 08:50:03 86 921.00 XLON 00393606538TRLO1
14 May 2026 08:54:56 180 921.00 XLON 00393610707TRLO1
14 May 2026 09:02:36 90 918.50 XLON 00393617837TRLO1
14 May 2026 09:08:22 173 919.50 XLON 00393623078TRLO1
14 May 2026 09:18:30 84 918.50 XLON 00393633331TRLO1
14 May 2026 09:18:30 52 918.50 XLON 00393633332TRLO1
14 May 2026 09:18:30 32 918.50 XLON 00393633333TRLO1
14 May 2026 09:29:45 1 918.50 XLON 00393643401TRLO1
14 May 2026 09:34:36 83 920.00 XLON 00393648780TRLO1
14 May 2026 09:47:15 170 919.00 XLON 00393667599TRLO1
14 May 2026 09:47:15 84 919.00 XLON 00393667600TRLO1
14 May 2026 09:47:15 85 919.00 XLON 00393667601TRLO1
14 May 2026 09:47:15 353 918.00 XLON 00393667603TRLO1
14 May 2026 09:47:17 212 916.00 XLON 00393667711TRLO1
14 May 2026 09:47:17 55 916.00 XLON 00393667712TRLO1
14 May 2026 09:52:09 90 917.00 XLON 00393675578TRLO1
14 May 2026 09:56:31 87 917.00 XLON 00393683419TRLO1
14 May 2026 10:04:44 352 920.50 XLON 00393697742TRLO1
14 May 2026 10:04:44 264 920.00 XLON 00393697743TRLO1
14 May 2026 10:05:09 264 919.50 XLON 00393698505TRLO1
14 May 2026 10:06:48 85 919.00 XLON 00393701009TRLO1
14 May 2026 10:12:46 170 917.50 XLON 00393710716TRLO1
14 May 2026 10:23:54 267 918.50 XLON 00393728142TRLO1
14 May 2026 10:23:55 266 918.00 XLON 00393728149TRLO1
14 May 2026 10:29:29 130 918.00 XLON 00393737017TRLO1
14 May 2026 10:29:29 131 918.00 XLON 00393737018TRLO1
14 May 2026 10:44:40 75 918.00 XLON 00393752769TRLO1
14 May 2026 10:44:40 176 918.00 XLON 00393752770TRLO1
14 May 2026 10:44:40 154 918.00 XLON 00393752771TRLO1
14 May 2026 10:46:30 16 918.00 XLON 00393754341TRLO1
14 May 2026 10:46:30 69 918.00 XLON 00393754342TRLO1
14 May 2026 10:46:30 85 918.00 XLON 00393754343TRLO1
14 May 2026 10:51:22 87 917.00 XLON 00393757675TRLO1
14 May 2026 10:51:22 87 917.00 XLON 00393757676TRLO1
14 May 2026 10:51:22 87 917.00 XLON 00393757677TRLO1
14 May 2026 10:56:04 40 918.50 XLON 00393760566TRLO1
14 May 2026 10:56:04 131 918.50 XLON 00393760567TRLO1
14 May 2026 10:59:47 88 918.00 XLON 00393762096TRLO1
14 May 2026 10:59:47 87 918.00 XLON 00393762097TRLO1
14 May 2026 11:12:45 83 917.50 XLON 00393763068TRLO1
14 May 2026 11:12:45 82 917.50 XLON 00393763069TRLO1
14 May 2026 11:12:45 82 917.50 XLON 00393763070TRLO1
14 May 2026 11:18:01 83 917.00 XLON 00393763310TRLO1
14 May 2026 11:18:17 89 917.00 XLON 00393763318TRLO1
14 May 2026 11:27:59 86 917.00 XLON 00393763668TRLO1
14 May 2026 11:27:59 3 917.00 XLON 00393763669TRLO1
14 May 2026 11:27:59 10 917.00 XLON 00393763670TRLO1
14 May 2026 11:27:59 85 917.00 XLON 00393763671TRLO1
14 May 2026 11:27:59 85 917.00 XLON 00393763672TRLO1
14 May 2026 11:27:59 72 917.00 XLON 00393763673TRLO1
14 May 2026 11:27:59 86 917.00 XLON 00393763674TRLO1
14 May 2026 11:28:00 87 917.00 XLON 00393763678TRLO1
14 May 2026 11:33:14 82 917.00 XLON 00393764263TRLO1
14 May 2026 11:37:30 187 917.00 XLON 00393764922TRLO1
14 May 2026 11:37:30 79 917.00 XLON 00393764923TRLO1
14 May 2026 11:51:22 247 919.50 XLON 00393765583TRLO1
14 May 2026 11:56:52 254 921.00 XLON 00393765938TRLO1
14 May 2026 12:04:36 332 921.00 XLON 00393766250TRLO1
14 May 2026 12:12:50 263 920.50 XLON 00393766611TRLO1
14 May 2026 12:12:50 87 920.50 XLON 00393766612TRLO1
14 May 2026 12:31:02 262 919.50 XLON 00393767494TRLO1
14 May 2026 12:59:02 271 919.00 XLON 00393769317TRLO1
14 May 2026 12:59:02 90 919.00 XLON 00393769318TRLO1
14 May 2026 12:59:02 71 918.00 XLON 00393769319TRLO1
14 May 2026 12:59:02 177 918.00 XLON 00393769320TRLO1
14 May 2026 13:02:48 178 917.00 XLON 00393769635TRLO1
14 May 2026 13:07:00 181 917.00 XLON 00393769774TRLO1
14 May 2026 13:07:00 100 917.00 XLON 00393769777TRLO1
14 May 2026 13:07:00 70 917.00 XLON 00393769778TRLO1
14 May 2026 13:07:19 85 916.00 XLON 00393769842TRLO1
14 May 2026 13:07:44 90 917.00 XLON 00393769943TRLO1
14 May 2026 13:08:10 77 917.00 XLON 00393769962TRLO1
14 May 2026 13:08:10 11 917.00 XLON 00393769963TRLO1
14 May 2026 13:09:54 86 917.00 XLON 00393770031TRLO1
14 May 2026 13:09:55 89 916.00 XLON 00393770042TRLO1
14 May 2026 13:09:55 83 916.00 XLON 00393770043TRLO1
14 May 2026 13:09:55 12 916.00 XLON 00393770048TRLO1
14 May 2026 13:10:13 12 916.00 XLON 00393770068TRLO1
14 May 2026 13:10:13 71 916.00 XLON 00393770069TRLO1
14 May 2026 13:12:36 51 916.00 XLON 00393770145TRLO1
14 May 2026 13:28:03 90 916.00 XLON 00393770901TRLO1
14 May 2026 13:28:03 90 916.00 XLON 00393770902TRLO1
14 May 2026 13:28:03 29 916.00 XLON 00393770903TRLO1
14 May 2026 13:28:03 60 916.00 XLON 00393770904TRLO1
14 May 2026 13:28:03 90 916.00 XLON 00393770905TRLO1
14 May 2026 13:28:03 89 916.00 XLON 00393770906TRLO1
14 May 2026 13:28:06 352 915.50 XLON 00393770913TRLO1
14 May 2026 13:28:16 174 914.50 XLON 00393770937TRLO1
14 May 2026 13:30:02 165 913.50 XLON 00393771006TRLO1
14 May 2026 13:36:25 179 914.50 XLON 00393771462TRLO1
14 May 2026 13:53:58 22 923.50 XLON 00393772265TRLO1
14 May 2026 13:53:58 23 923.50 XLON 00393772266TRLO1
14 May 2026 13:55:15 95 925.00 XLON 00393772303TRLO1
14 May 2026 13:55:43 269 925.00 XLON 00393772315TRLO1
14 May 2026 13:55:53 96 925.00 XLON 00393772320TRLO1
14 May 2026 13:56:02 96 925.00 XLON 00393772326TRLO1
14 May 2026 13:56:11 94 925.00 XLON 00393772327TRLO1
14 May 2026 13:58:00 172 928.00 XLON 00393772386TRLO1
14 May 2026 13:58:39 167 927.00 XLON 00393772404TRLO1
14 May 2026 13:58:39 57 926.00 XLON 00393772405TRLO1
14 May 2026 13:58:39 79 926.00 XLON 00393772406TRLO1
14 May 2026 13:58:39 101 926.00 XLON 00393772407TRLO1
14 May 2026 13:58:39 178 925.00 XLON 00393772408TRLO1
14 May 2026 13:58:39 267 925.00 XLON 00393772409TRLO1
14 May 2026 13:58:46 181 925.00 XLON 00393772411TRLO1
14 May 2026 14:01:15 166 925.00 XLON 00393772536TRLO1
14 May 2026 14:01:40 87 924.00 XLON 00393772582TRLO1
14 May 2026 14:21:32 21 926.00 XLON 00393773399TRLO1
14 May 2026 14:21:38 159 926.00 XLON 00393773400TRLO1
14 May 2026 14:21:38 90 926.00 XLON 00393773401TRLO1
14 May 2026 14:28:17 165 925.50 XLON 00393773820TRLO1
14 May 2026 14:36:01 83 926.50 XLON 00393775562TRLO1
14 May 2026 14:36:01 166 926.50 XLON 00393775563TRLO1
14 May 2026 14:46:35 91 923.50 XLON 00393776557TRLO1
14 May 2026 14:56:23 84 927.00 XLON 00393777535TRLO1
14 May 2026 14:56:23 85 926.50 XLON 00393777536TRLO1
14 May 2026 14:57:34 766 926.00 XLON 00393777675TRLO1
14 May 2026 14:57:34 172 926.00 XLON 00393777676TRLO1
14 May 2026 14:59:53 169 926.00 XLON 00393777870TRLO1
14 May 2026 15:04:55 170 927.00 XLON 00393778342TRLO1
14 May 2026 15:05:31 177 927.50 XLON 00393778433TRLO1
14 May 2026 15:08:22 177 929.50 XLON 00393778874TRLO1
14 May 2026 15:10:36 86 928.50 XLON 00393779128TRLO1
14 May 2026 15:16:07 166 931.50 XLON 00393779737TRLO1
14 May 2026 15:16:07 83 931.50 XLON 00393779738TRLO1
14 May 2026 15:16:07 82 931.50 XLON 00393779739TRLO1
14 May 2026 15:20:08 248 929.50 XLON 00393780133TRLO1
14 May 2026 15:21:46 90 928.00 XLON 00393780247TRLO1
14 May 2026 15:25:32 84 931.50 XLON 00393780615TRLO1
14 May 2026 15:25:32 84 931.50 XLON 00393780616TRLO1
14 May 2026 15:30:21 90 932.50 XLON 00393781061TRLO1
14 May 2026 15:35:54 86 936.50 XLON 00393781477TRLO1
14 May 2026 15:36:02 86 938.00 XLON 00393781485TRLO1
14 May 2026 15:37:50 87 937.50 XLON 00393781621TRLO1
14 May 2026 15:37:50 87 937.50 XLON 00393781622TRLO1
14 May 2026 15:37:55 87 937.00 XLON 00393781630TRLO1
14 May 2026 15:38:06 89 937.50 XLON 00393781639TRLO1
14 May 2026 15:38:15 89 936.00 XLON 00393781661TRLO1
14 May 2026 15:38:38 79 934.50 XLON 00393781684TRLO1
14 May 2026 15:38:38 11 934.50 XLON 00393781685TRLO1
14 May 2026 15:39:10 84 934.50 XLON 00393781720TRLO1
14 May 2026 15:39:27 165 934.50 XLON 00393781742TRLO1
14 May 2026 15:39:37 170 934.50 XLON 00393781767TRLO1
14 May 2026 15:40:13 271 934.50 XLON 00393781810TRLO1
14 May 2026 15:41:00 85 933.50 XLON 00393781868TRLO1
14 May 2026 15:41:00 172 933.50 XLON 00393781869TRLO1
14 May 2026 15:41:59 259 933.50 XLON 00393781917TRLO1
14 May 2026 15:42:28 88 932.50 XLON 00393781955TRLO1
14 May 2026 15:42:28 88 932.50 XLON 00393781956TRLO1
14 May 2026 15:43:05 268 932.00 XLON 00393781989TRLO1
14 May 2026 15:44:59 83 931.50 XLON 00393782132TRLO1
14 May 2026 15:45:51 87 931.00 XLON 00393782220TRLO1
14 May 2026 15:51:10 90 931.00 XLON 00393782635TRLO1
14 May 2026 15:56:29 90 931.00 XLON 00393783211TRLO1
14 May 2026 15:59:50 167 935.00 XLON 00393783484TRLO1
14 May 2026 16:04:40 83 933.50 XLON 00393784000TRLO1
14 May 2026 16:05:24 88 932.00 XLON 00393784073TRLO1
14 May 2026 16:10:56 84 931.00 XLON 00393784610TRLO1
14 May 2026 16:10:56 84 931.00 XLON 00393784611TRLO1
14 May 2026 16:13:21 255 931.50 XLON 00393784892TRLO1
14 May 2026 16:16:54 360 934.50 XLON 00393785335TRLO1
14 May 2026 16:17:43 83 934.00 XLON 00393785423TRLO1
14 May 2026 16:17:43 84 934.00 XLON 00393785424TRLO1
14 May 2026 16:17:43 84 934.00 XLON 00393785425TRLO1
14 May 2026 16:18:30 83 933.50 XLON 00393785536TRLO1
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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