29th Jul 2026 10:03
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | Jefferies International Limited |
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Gamma Communications plc |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure30 | 28th July 2026 |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A |
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in\ 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
| 0.25p ordinary | |||
| Interests | Short positions | ||
| Number | % | Number | % |
(1) Relevant securities owned and/or controlled: | 233,874 | 0.262 |
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(2) Cash-settled derivatives:
| 845,795 | 0.946 | 1,066,865 | 1.193 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
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TOTAL: | 1,079,669 | 1.207 | 1,066,865 | 1.193 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: |
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Details, including nature of the rights concerned and relevant percentages: |
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3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1©, copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit (GBX) |
0.25p ordinary | Purchase
Sale | 5,285 186 212 2 1 291 1 1 1 129 15,561 1 1 2 519 127 1 103 1 138 536 290 1 1 1 174 7 110 1 2 110 1 9 243 286 5 186 111 197 4 10 266 204 4 5 195 8 9 4 447 6 4 236 42 4 801 8 264 216 5 4 2,730 965 215 9 207 380 2,211 5 196 5 685 165 269 185 2 8 286
3 6 12 6 6 6 6 51 15,435 1 4 | 950.0000 961.5000 962.5000 962.5657 962.5716 963.0000 963.4453 963.4938 965.9954 966.5000 967.0000 967.3643 967.4612 967.4671 967.5000 967.7500 967.8221 968.0000 968.2109 968.2500 968.5000 968.7500 968.7981 968.8358 968.9987 969.0000 969.0369 969.2500 969.2891 969.4091 969.5000 969.5078 969.5618 969.7500 970.0000 970.1118 970.2500 970.5000 970.7500 970.9135 970.9861 971.5000 971.7500 971.9054 971.9430 972.0000 972.0168 972.0491 972.2306 972.7500 973.5000 973.6873 973.7500 974.7337 974.9747 975.5000 975.5833 975.7500 976.0000 976.1506 976.4366 976.5000 977.2500 977.5000 977.6556 978.0000 978.2500 978.5000 978.5900 978.7500 978.7522 979.0000 979.2500 979.5000 979.7500 980.0000 980.5000 980.7500
968.5000 970.2500 970.5000 971.5000 971.7500 973.5000 973.7500 973.8210 974.4292 978.5000 978.7500 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit (GBX) |
0.25p ordinary | Swap Swap | Reducing a long position Reducing a long position | 2,908 2,377 | 950.0000 950.0000 |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None |
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None |
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? | NO |
| Date of disclosure: | 29th July 2026 |
| Contact name: | Robin Greenwood |
| Telephone number | 020 7029 8595 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Gamma Communications