2nd Sep 2026 11:41
FORM 8.5 (EPT/NON-RI) | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN | |||||||
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS | |||||||
(OR WHERE RI STATUS IS NOT APPLICABLE) | |||||||
Rule 8.5 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Name of exempt principal trader: |
| BARCLAYS CAPITAL SECURITIES LTD | ||||
(b) | Name of offeror/offeree in relation to whose |
| GAMMA COMMUNICATIONS PLC | ||||
| relevant securities this form relates: |
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(c) | Name of the party to the offer with which exempt | GAMMA COMMUNICATIONS PLC | |||||
| principal trader is connected |
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(d) | Date position held/dealing undertaken: |
| 01 Sep 2026 | ||||
(e) | In addition to the company in 1(b) above, is the exempt principal | NO |
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| trader making disclosures in respect of any other party to the offer? |
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2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing (if any) |
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Class of relevant security: | 0.25p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 1,432,059 | 1.61% | 265,653 | 0.30% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 262,570 | 0.29% | 1,401,627 | 1.57% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 1,694,629 | 1.90% | 1,667,280 | 1.87% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
security |
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0.25p ordinary | Purchase | 1,143,519 | 11.6000 GBP | 11.3850 GBP | |||
0.25p ordinary | Sale | 1,120,875 | 11.5849 GBP | 11.3294 GBP | |||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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| securities |
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0.25p ordinary | SWAP | Decreasing Short | 148 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 217 | 11.4011 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 2,852 | 11.4000 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 456 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 3,891 | 11.5196 GBP | |||
0.25p ordinary | SWAP | Closing Short | 29 | 11.5178 GBP | |||
0.25p ordinary | SWAP | Opening Long | 182 | 11.5178 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 499 | 11.4698 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 503 | 11.4750 GBP | |||
0.25p ordinary | SWAP | Closing Long | 3,464 | 11.4991 GBP | |||
0.25p ordinary | SWAP | Opening Short | 5,612 | 11.4991 GBP | |||
0.25p ordinary | SWAP | Closing Long | 11,604 | 11.4779 GBP | |||
0.25p ordinary | SWAP | Opening Short | 188 | 11.4779 GBP | |||
0.25p ordinary | SWAP | Closing Short | 96 | 11.5700 GBP | |||
0.25p ordinary | SWAP | Opening Long | 32 | 11.5700 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 1,002 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 3,126 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 64,949 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Opening Short | 81,192 | 11.4994 GBP | |||
0.25p ordinary | SWAP | Opening Short | 44,017 | 11.5219 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 5,035 | 11.4904 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 1,320 | 11.5477 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 18,815 | 11.5538 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 507 | 11.5532 GBP | |||
0.25p ordinary | SWAP | Opening Short | 31 | 11.4864 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 7,342 | 11.4733 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 7,656 | 11.5064 GBP | |||
0.25p ordinary | SWAP | Opening Long | 2,061 | 11.4436 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 20 | 11.4689 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 9,243 | 11.4700 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 4,086 | 11.5509 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 16 | 11.5321 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 6 | 11.5321 GBP | |||
0.25p ordinary | CFD | Decreasing Short | 100 | 11.4000 GBP | |||
0.25p ordinary | CFD | Increasing Long | 1,741 | 11.5083 GBP | |||
0.25p ordinary | CFD | Decreasing Short | 8,532 | 11.4805 GBP | |||
0.25p ordinary | CFD | Opening Short | 9,335 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 467 | 11.4977 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 384 | 11.4809 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 404 | 11.5538 GBP | |||
0.25p ordinary | SWAP | Opening Long | 42,922 | 11.5598 GBP | |||
0.25p ordinary | SWAP | Opening Short | 3,500 | 11.5422 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 80 | 11.5595 GBP | |||
0.25p ordinary | SWAP | Opening Long | 1,642 | 11.5152 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 1,224 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 49 | 11.3293 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 7,888 | 11.5337 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 144,459 | 11.4753 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 1 | 11.4298 GBP | |||
0.25p ordinary | SWAP | Closing Short | 188 | 11.5181 GBP | |||
0.25p ordinary | SWAP | Opening Long | 262 | 11.5181 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 258 | 11.5849 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 1,318 | 11.4945 GBP | |||
0.25p ordinary | SWAP | Closing Short | 1,309 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Opening Long | 3,126 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 14,882 | 11.5526 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 2,738 | 11.4739 GBP | |||
0.25p ordinary | SWAP | Closing Long | 62 | 11.5732 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 30 | 11.5721 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 31,020 | 11.4807 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 194,206 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Closing Long | 2,061 | 11.5514 GBP | |||
0.25p ordinary | SWAP | Opening Short | 8,778 | 11.5514 GBP | |||
0.25p ordinary | SWAP | Closing Short | 32 | 11.5735 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 1,651 | 11.5464 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 1,633 | 11.5059 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 608 | 11.5059 GBP | |||
0.25p ordinary | CFD | Increasing Short | 896 | 11.5970 GBP | |||
0.25p ordinary | SWAP | Closing Long | 42,922 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 246 | 11.5595 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 195 | 11.4876 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 22,135 | 11.4571 GBP | |||
0.25p ordinary | SWAP | Closing Long | 183 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 2 | 11.4548 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 265 | 11.4515 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 295 | 11.5589 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 1,754 | 11.4888 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 10,041 | 11.4511 GBP | |||
0.25p ordinary | SWAP | Closing Short | 8,778 | 11.4353 GBP | |||
0.25p ordinary | SWAP | Opening Long | 9,739 | 11.4353 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 21,794 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 33,506 | 11.5085 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 250 | 11.5256 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 222 | 11.4601 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 42 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 677 | 11.5002 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 12,779 | 11.5448 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 1,058 | 11.4788 GBP | |||
0.25p ordinary | SWAP | Closing Long | 9,739 | 11.5507 GBP | |||
0.25p ordinary | SWAP | Opening Short | 2,421 | 11.5507 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 11,491 | 11.4700 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 176 | 11.5684 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 24 | 11.5316 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 408 | 11.4861 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 9,371 | 11.4717 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 113 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 6,996 | 11.5180 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 154 | 11.5594 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 2,394 | 11.4740 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 4,501 | 11.5298 GBP | |||
0.25p ordinary | SWAP | Decreasing Long | 3,996 | 11.4798 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 1,273 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 4,437 | 11.4984 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 339 | 11.5605 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 1,158 | 11.5324 GBP | |||
0.25p ordinary | SWAP | Closing Long | 50,571 | 11.4700 GBP | |||
0.25p ordinary | SWAP | Opening Short | 26,880 | 11.4700 GBP | |||
0.25p ordinary | SWAP | Closing Short | 1,035 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Opening Long | 11,199 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 40,745 | 11.4914 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 3,461 | 11.4753 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 12,189 | 11.4974 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 202 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Closing Short | 989 | 11.5206 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 508 | 11.3850 GBP | |||
0.25p ordinary | SWAP | Increasing Long | 2,386 | 11.5600 GBP | |||
0.25p ordinary | SWAP | Decreasing Short | 8,558 | 11.5027 GBP | |||
0.25p ordinary | SWAP | Increasing Short | 41,662 | 11.4400 GBP | |||
0.25p ordinary | SWAP | Closing Short | 48,303 | 11.4744 GBP | |||
0.25p ordinary | SWAP | Opening Long | 93,452 | 11.4744 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
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| received |
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| option |
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| per unit |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 02 Sep 2026 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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Related Shares:
BarclaysGamma Communications