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Transaction in Own Shares

16th Apr 2026 07:00

RNS Number : 6475A
Gamma Communications PLC
16 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

16 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:

15 April 2026

Number of ordinary shares purchased:

22,973

Lowest price per share (pence):

868.80

Highest price per share (pence):

885.40

Weighted average price per day (pence):

879.1275

 

 The Company intends to cancel the purchased ordinary shares.

 

Following settlement of the above purchases, Gamma has purchased a total of 1,275,650 ordinary shares since the commencement of the buyback programme and will have 92,488,701 ordinary shares in issue. There are 1,587,800 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,900,901 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 90,900,901 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

879.1275

22,973

868.80

885.40

 

 

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

15 April 2026 08:05:08

264

870.80

XLON

00388014403TRLO1

15 April 2026 08:09:05

128

872.00

XLON

00388018394TRLO1

15 April 2026 08:15:00

273

870.20

XLON

00388024209TRLO1

15 April 2026 08:31:10

272

868.80

XLON

00388040702TRLO1

15 April 2026 08:38:19

26

870.60

XLON

00388048052TRLO1

15 April 2026 08:38:19

238

870.60

XLON

00388048053TRLO1

15 April 2026 08:41:07

265

869.20

XLON

00388050437TRLO1

15 April 2026 08:49:21

278

869.20

XLON

00388059683TRLO1

15 April 2026 08:54:44

141

868.80

XLON

00388065413TRLO1

15 April 2026 08:59:08

138

869.60

XLON

00388070129TRLO1

15 April 2026 09:01:19

133

870.80

XLON

00388072722TRLO1

15 April 2026 09:19:16

140

872.60

XLON

00388093040TRLO1

15 April 2026 09:20:14

136

872.00

XLON

00388094004TRLO1

15 April 2026 09:27:15

76

871.80

XLON

00388101341TRLO1

15 April 2026 09:27:15

9

871.80

XLON

00388101342TRLO1

15 April 2026 09:27:54

45

871.80

XLON

00388101998TRLO1

15 April 2026 09:27:54

3

871.80

XLON

00388101999TRLO1

15 April 2026 09:27:54

85

871.80

XLON

00388102000TRLO1

15 April 2026 09:36:55

9

871.60

XLON

00388110899TRLO1

15 April 2026 09:36:55

123

871.60

XLON

00388110900TRLO1

15 April 2026 09:38:27

138

871.60

XLON

00388111975TRLO1

15 April 2026 09:38:27

138

871.60

XLON

00388111976TRLO1

15 April 2026 09:38:27

23

871.60

XLON

00388111978TRLO1

15 April 2026 09:38:27

28

871.60

XLON

00388111979TRLO1

15 April 2026 09:38:27

139

870.40

XLON

00388111980TRLO1

15 April 2026 09:53:40

500

875.00

XLON

00388126375TRLO1

15 April 2026 09:53:40

318

875.00

XLON

00388126376TRLO1

15 April 2026 09:53:40

136

875.20

XLON

00388126377TRLO1

15 April 2026 09:53:59

141

876.40

XLON

00388126656TRLO1

15 April 2026 09:53:59

135

876.00

XLON

00388126657TRLO1

15 April 2026 09:54:09

135

875.40

XLON

00388126807TRLO1

15 April 2026 09:58:52

129

877.20

XLON

00388131051TRLO1

15 April 2026 09:59:57

160

878.00

XLON

00388131996TRLO1

15 April 2026 10:00:03

130

878.00

XLON

00388132076TRLO1

15 April 2026 10:01:20

135

877.80

XLON

00388133393TRLO1

15 April 2026 10:01:30

135

877.20

XLON

00388133570TRLO1

15 April 2026 10:01:50

139

877.00

XLON

00388133868TRLO1

15 April 2026 10:01:59

129

876.80

XLON

00388134019TRLO1

15 April 2026 10:01:59

140

876.60

XLON

00388134020TRLO1

15 April 2026 10:02:04

140

876.60

XLON

00388134083TRLO1

15 April 2026 10:02:05

132

876.40

XLON

00388134100TRLO1

15 April 2026 10:02:14

135

876.00

XLON

00388134226TRLO1

15 April 2026 10:04:50

138

875.00

XLON

00388136538TRLO1

15 April 2026 10:13:41

131

876.40

XLON

00388146546TRLO1

15 April 2026 10:13:46

139

876.60

XLON

00388146648TRLO1

15 April 2026 10:28:56

129

877.40

XLON

00388160087TRLO1

15 April 2026 10:37:19

139

879.00

XLON

00388169404TRLO1

15 April 2026 10:39:00

140

878.40

XLON

00388171033TRLO1

15 April 2026 10:39:04

18

879.40

XLON

00388171100TRLO1

15 April 2026 10:39:05

139

879.20

XLON

00388171104TRLO1

15 April 2026 10:57:29

139

878.80

XLON

00388189598TRLO1

15 April 2026 10:58:56

117

878.60

XLON

00388190867TRLO1

15 April 2026 10:58:56

23

878.60

XLON

00388190868TRLO1

15 April 2026 11:00:28

27

880.00

XLON

00388191598TRLO1

15 April 2026 11:00:28

113

880.00

XLON

00388191599TRLO1

15 April 2026 11:07:24

129

879.60

XLON

00388198047TRLO1

15 April 2026 11:07:24

133

879.80

XLON

00388198048TRLO1

15 April 2026 11:14:22

135

879.40

XLON

00388214659TRLO1

15 April 2026 11:14:22

136

879.40

XLON

00388214660TRLO1

15 April 2026 11:14:22

136

879.40

XLON

00388214661TRLO1

15 April 2026 11:14:22

136

879.40

XLON

00388214662TRLO1

15 April 2026 11:14:22

136

879.40

XLON

00388214663TRLO1

15 April 2026 11:14:24

136

879.40

XLON

00388214725TRLO1

15 April 2026 11:20:35

38

880.40

XLON

00388229368TRLO1

15 April 2026 11:20:35

103

880.40

XLON

00388229369TRLO1

15 April 2026 11:22:11

132

880.00

XLON

00388234052TRLO1

15 April 2026 11:28:50

137

879.20

XLON

00388238054TRLO1

15 April 2026 11:28:50

141

878.80

XLON

00388238055TRLO1

15 April 2026 11:29:11

132

879.20

XLON

00388238068TRLO1

15 April 2026 11:29:22

132

878.40

XLON

00388238076TRLO1

15 April 2026 11:30:59

136

878.40

XLON

00388238162TRLO1

15 April 2026 11:31:13

130

878.20

XLON

00388238173TRLO1

15 April 2026 11:34:25

129

878.40

XLON

00388238316TRLO1

15 April 2026 11:35:53

134

878.40

XLON

00388238821TRLO1

15 April 2026 11:36:16

138

878.00

XLON

00388238864TRLO1

15 April 2026 11:50:41

137

881.60

XLON

00388239693TRLO1

15 April 2026 11:54:41

141

881.40

XLON

00388239847TRLO1

15 April 2026 11:55:05

140

881.00

XLON

00388239859TRLO1

15 April 2026 12:04:34

132

879.80

XLON

00388240188TRLO1

15 April 2026 12:16:51

136

881.40

XLON

00388240494TRLO1

15 April 2026 12:19:41

13

880.60

XLON

00388240681TRLO1

15 April 2026 12:19:41

120

880.60

XLON

00388240682TRLO1

15 April 2026 12:38:26

130

882.80

XLON

00388241449TRLO1

15 April 2026 12:40:36

135

882.20

XLON

00388241503TRLO1

15 April 2026 12:52:51

131

885.40

XLON

00388241863TRLO1

15 April 2026 12:58:56

53

884.60

XLON

00388242044TRLO1

15 April 2026 12:58:56

50

884.60

XLON

00388242045TRLO1

15 April 2026 12:58:56

26

884.60

XLON

00388242046TRLO1

15 April 2026 12:59:36

54

884.40

XLON

00388242060TRLO1

15 April 2026 13:00:17

58

884.60

XLON

00388242072TRLO1

15 April 2026 13:00:17

71

884.60

XLON

00388242073TRLO1

15 April 2026 13:00:27

135

884.60

XLON

00388242075TRLO1

15 April 2026 13:05:34

139

884.60

XLON

00388242161TRLO1

15 April 2026 13:05:34

129

884.00

XLON

00388242162TRLO1

15 April 2026 13:09:55

137

883.40

XLON

00388242426TRLO1

15 April 2026 13:09:55

20

883.80

XLON

00388242427TRLO1

15 April 2026 13:09:55

39

883.80

XLON

00388242428TRLO1

15 April 2026 13:09:55

78

883.80

XLON

00388242429TRLO1

15 April 2026 13:12:36

138

882.60

XLON

00388242603TRLO1

15 April 2026 13:13:03

138

882.00

XLON

00388242622TRLO1

15 April 2026 13:16:00

141

882.00

XLON

00388242720TRLO1

15 April 2026 13:16:00

141

882.00

XLON

00388242721TRLO1

15 April 2026 13:16:00

280

882.00

XLON

00388242722TRLO1

15 April 2026 13:16:56

133

881.80

XLON

00388242761TRLO1

15 April 2026 13:16:57

131

881.40

XLON

00388242762TRLO1

15 April 2026 13:21:22

129

879.80

XLON

00388242876TRLO1

15 April 2026 13:27:52

139

879.60

XLON

00388243126TRLO1

15 April 2026 13:41:22

132

879.60

XLON

00388243607TRLO1

15 April 2026 13:41:26

140

880.00

XLON

00388243608TRLO1

15 April 2026 13:42:59

141

881.00

XLON

00388243659TRLO1

15 April 2026 13:48:42

131

880.20

XLON

00388243832TRLO1

15 April 2026 13:49:30

132

881.40

XLON

00388243854TRLO1

15 April 2026 13:59:05

141

881.40

XLON

00388244109TRLO1

15 April 2026 14:01:01

130

880.60

XLON

00388244205TRLO1

15 April 2026 14:01:32

93

880.40

XLON

00388244236TRLO1

15 April 2026 14:04:23

140

880.40

XLON

00388244353TRLO1

15 April 2026 14:07:58

277

880.00

XLON

00388244473TRLO1

15 April 2026 14:10:08

135

881.20

XLON

00388244535TRLO1

15 April 2026 14:11:05

130

881.00

XLON

00388244577TRLO1

15 April 2026 14:25:30

129

882.00

XLON

00388245253TRLO1

15 April 2026 14:28:40

141

882.00

XLON

00388245352TRLO1

15 April 2026 14:28:56

113

882.00

XLON

00388245360TRLO1

15 April 2026 14:28:56

17

882.00

XLON

00388245361TRLO1

15 April 2026 14:30:03

131

882.60

XLON

00388245467TRLO1

15 April 2026 14:31:07

133

882.00

XLON

00388245705TRLO1

15 April 2026 14:34:40

140

880.40

XLON

00388246145TRLO1

15 April 2026 14:34:40

139

880.40

XLON

00388246146TRLO1

15 April 2026 14:38:36

261

882.40

XLON

00388246453TRLO1

15 April 2026 14:38:56

269

881.80

XLON

00388246507TRLO1

15 April 2026 14:39:42

258

880.60

XLON

00388246676TRLO1

15 April 2026 14:41:23

132

882.00

XLON

00388246802TRLO1

15 April 2026 14:42:01

138

881.80

XLON

00388246840TRLO1

15 April 2026 14:42:48

6

881.40

XLON

00388246907TRLO1

15 April 2026 14:42:48

127

881.40

XLON

00388246908TRLO1

15 April 2026 14:44:17

132

881.00

XLON

00388247046TRLO1

15 April 2026 14:44:17

133

881.00

XLON

00388247047TRLO1

15 April 2026 14:44:29

137

880.80

XLON

00388247061TRLO1

15 April 2026 14:49:46

131

880.40

XLON

00388247429TRLO1

15 April 2026 14:56:39

187

881.00

XLON

00388248126TRLO1

15 April 2026 14:56:39

114

881.00

XLON

00388248127TRLO1

15 April 2026 14:56:39

41

881.00

XLON

00388248128TRLO1

15 April 2026 14:58:43

257

882.00

XLON

00388248258TRLO1

15 April 2026 15:00:23

257

883.40

XLON

00388248412TRLO1

15 April 2026 15:02:12

129

883.40

XLON

00388248520TRLO1

15 April 2026 15:02:13

111

883.40

XLON

00388248521TRLO1

15 April 2026 15:05:52

118

883.40

XLON

00388248668TRLO1

15 April 2026 15:05:52

130

883.20

XLON

00388248669TRLO1

15 April 2026 15:09:41

107

882.60

XLON

00388248840TRLO1

15 April 2026 15:12:06

137

882.40

XLON

00388248954TRLO1

15 April 2026 15:16:59

132

883.60

XLON

00388249254TRLO1

15 April 2026 15:21:01

136

882.80

XLON

00388249681TRLO1

15 April 2026 15:25:26

132

883.00

XLON

00388249940TRLO1

15 April 2026 15:25:29

139

883.00

XLON

00388249951TRLO1

15 April 2026 15:26:59

137

882.80

XLON

00388250049TRLO1

15 April 2026 15:28:57

262

883.00

XLON

00388250261TRLO1

15 April 2026 15:31:15

130

883.00

XLON

00388250450TRLO1

15 April 2026 15:31:15

137

883.00

XLON

00388250451TRLO1

15 April 2026 15:34:34

130

882.20

XLON

00388250713TRLO1

15 April 2026 15:38:46

138

881.20

XLON

00388251031TRLO1

15 April 2026 15:41:14

48

882.00

XLON

00388251234TRLO1

15 April 2026 15:41:14

91

882.00

XLON

00388251235TRLO1

15 April 2026 15:44:08

132

882.20

XLON

00388251468TRLO1

15 April 2026 15:50:17

129

881.80

XLON

00388251895TRLO1

15 April 2026 15:54:34

82

883.00

XLON

00388252256TRLO1

15 April 2026 15:54:34

59

883.00

XLON

00388252257TRLO1

15 April 2026 15:57:44

136

883.40

XLON

00388252527TRLO1

15 April 2026 15:58:21

132

883.60

XLON

00388252641TRLO1

15 April 2026 16:00:42

135

883.40

XLON

00388252934TRLO1

15 April 2026 16:00:59

134

883.40

XLON

00388252960TRLO1

15 April 2026 16:04:37

134

883.00

XLON

00388253324TRLO1

15 April 2026 16:07:45

135

882.60

XLON

00388253546TRLO1

15 April 2026 16:15:12

260

882.60

XLON

00388254124TRLO1

15 April 2026 16:19:23

274

883.00

XLON

00388254352TRLO1

 

 

Enquiries:

 

Gamma Communications plc

Martin Hellawell, Chair

Andrew Belshaw, Chief Executive Officer

Rachael Matzopoulos, Company Secretary

 

+44 (0) 33 3006 5972

Barclays Bank PLC, acting through its Investment Bank

(Lead Financial Adviser)

Alastair Blackman / Alex Evans / Callum West / Michael Hart

 

+44 (0) 20 7623 2323

Q Advisors (Joint Financial Adviser) 

Michael Quinn / Kristian MacCarter

 

+1 720 837 3214

Investec (Joint Financial Adviser and Joint Broker) 

Patrick Robb / Virginia Bull

 

+44 (0) 20 7597 5970

Peel Hunt (Joint Financial Adviser and Joint Broker) 

Neil Patel / Benjamin Cryer / Kate Bannatyne 

+44 (0) 20 7418 8900 

Teneo (Financial PR Adviser) 

James Macey White / Matt Low

+44 (0) 20 7260 2700

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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Related Shares:

Gamma Communications
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