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Transaction in Own Shares

24th Jun 2026 07:00

RNS Number : 4486J
Gamma Communications PLC
24 June 2026
 

24 June 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

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:

23 June 2026

Number of ordinary shares purchased:

19,325

Lowest price per share (pence):

885.50

Highest price per share (pence):

906.00

Weighted average price per day (pence):

892.0833

 

 The Company intends to cancel the purchased ordinary shares.

 

Following settlement of the above purchases, Gamma has purchased a total of 2,257,751 ordinary shares since the commencement of the buyback programme and will have 91,506,600 ordinary shares in issue. There are 1,533,963 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,972,637 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 89,972,637 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

892.0833

19,325

885.50

906.00

 

 

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

23 June 2026 08:00:34

84

906.00

XLON

00400679862TRLO1

23 June 2026 08:18:21

87

903.00

XLON

00400689733TRLO1

23 June 2026 08:18:21

86

903.00

XLON

00400689734TRLO1

23 June 2026 08:18:21

86

903.00

XLON

00400689735TRLO1

23 June 2026 08:18:21

274

904.00

XLON

00400689741TRLO1

23 June 2026 08:18:22

92

903.00

XLON

00400689746TRLO1

23 June 2026 08:20:59

88

903.00

XLON

00400691902TRLO1

23 June 2026 08:26:18

89

900.00

XLON

00400695755TRLO1

23 June 2026 08:33:10

79

901.50

XLON

00400700017TRLO1

23 June 2026 08:33:10

6

901.50

XLON

00400700018TRLO1

23 June 2026 08:34:50

87

902.00

XLON

00400701125TRLO1

23 June 2026 08:37:13

89

902.00

XLON

00400702633TRLO1

23 June 2026 08:37:17

180

901.00

XLON

00400702669TRLO1

23 June 2026 08:42:49

89

900.50

XLON

00400705941TRLO1

23 June 2026 08:42:49

3

900.00

XLON

00400705942TRLO1

23 June 2026 08:42:49

173

900.00

XLON

00400705943TRLO1

23 June 2026 08:45:03

87

897.50

XLON

00400707705TRLO1

23 June 2026 08:50:04

87

897.00

XLON

00400711350TRLO1

23 June 2026 08:50:04

87

897.00

XLON

00400711351TRLO1

23 June 2026 08:50:19

88

894.00

XLON

00400711516TRLO1

23 June 2026 08:56:07

86

894.00

XLON

00400715696TRLO1

23 June 2026 08:56:07

86

894.00

XLON

00400715697TRLO1

23 June 2026 08:57:35

13

893.50

XLON

00400716874TRLO1

23 June 2026 08:57:35

87

893.50

XLON

00400716875TRLO1

23 June 2026 08:57:35

74

893.50

XLON

00400716876TRLO1

23 June 2026 08:59:43

89

892.50

XLON

00400718333TRLO1

23 June 2026 08:59:43

89

892.50

XLON

00400718334TRLO1

23 June 2026 09:00:09

92

889.50

XLON

00400718676TRLO1

23 June 2026 09:03:27

86

891.50

XLON

00400721310TRLO1

23 June 2026 09:14:40

218

889.00

XLON

00400729782TRLO1

23 June 2026 09:16:19

88

888.50

XLON

00400731138TRLO1

23 June 2026 09:16:19

176

888.50

XLON

00400731139TRLO1

23 June 2026 09:29:17

86

891.00

XLON

00400739687TRLO1

23 June 2026 09:30:15

87

890.50

XLON

00400740267TRLO1

23 June 2026 09:35:56

86

890.00

XLON

00400744392TRLO1

23 June 2026 09:35:56

85

890.00

XLON

00400744393TRLO1

23 June 2026 09:35:56

85

890.00

XLON

00400744394TRLO1

23 June 2026 09:38:35

258

889.50

XLON

00400745955TRLO1

23 June 2026 09:39:59

176

888.50

XLON

00400746826TRLO1

23 June 2026 09:43:49

342

890.00

XLON

00400749164TRLO1

23 June 2026 09:56:02

19

889.50

XLON

00400756993TRLO1

23 June 2026 09:56:02

339

889.50

XLON

00400756994TRLO1

23 June 2026 10:14:20

350

890.00

XLON

00400770752TRLO1

23 June 2026 10:23:10

120

890.00

XLON

00400776678TRLO1

23 June 2026 10:27:26

33

890.50

XLON

00400779992TRLO1

23 June 2026 10:30:00

140

890.50

XLON

00400781925TRLO1

23 June 2026 10:34:06

184

890.00

XLON

00400786400TRLO1

23 June 2026 10:44:14

57

891.50

XLON

00400796370TRLO1

23 June 2026 10:44:14

206

891.50

XLON

00400796371TRLO1

23 June 2026 10:49:17

129

892.50

XLON

00400800463TRLO1

23 June 2026 10:55:20

261

892.00

XLON

00400804454TRLO1

23 June 2026 11:03:56

83

893.50

XLON

00400807347TRLO1

23 June 2026 11:03:56

9

893.50

XLON

00400807348TRLO1

23 June 2026 11:07:26

85

893.00

XLON

00400807466TRLO1

23 June 2026 11:14:06

177

893.00

XLON

00400807767TRLO1

23 June 2026 11:17:19

176

892.00

XLON

00400807904TRLO1

23 June 2026 11:22:45

177

892.00

XLON

00400808296TRLO1

23 June 2026 11:27:34

88

891.00

XLON

00400808473TRLO1

23 June 2026 11:33:23

233

890.00

XLON

00400808725TRLO1

23 June 2026 11:33:23

198

890.00

XLON

00400808726TRLO1

23 June 2026 11:51:07

274

890.50

XLON

00400809778TRLO1

23 June 2026 11:51:07

91

890.50

XLON

00400809779TRLO1

23 June 2026 12:21:20

111

893.00

XLON

00400810700TRLO1

23 June 2026 12:24:06

86

893.00

XLON

00400810733TRLO1

23 June 2026 12:25:24

185

891.50

XLON

00400810757TRLO1

23 June 2026 12:43:17

20

892.50

XLON

00400811274TRLO1

23 June 2026 12:44:25

111

893.00

XLON

00400811322TRLO1

23 June 2026 12:44:25

94

893.00

XLON

00400811323TRLO1

23 June 2026 12:44:26

183

892.50

XLON

00400811324TRLO1

23 June 2026 12:46:27

3

891.50

XLON

00400811365TRLO1

23 June 2026 12:57:38

90

896.00

XLON

00400811855TRLO1

23 June 2026 13:00:21

91

895.50

XLON

00400811946TRLO1

23 June 2026 13:00:21

91

895.50

XLON

00400811947TRLO1

23 June 2026 13:11:05

173

897.00

XLON

00400812487TRLO1

23 June 2026 13:11:05

86

897.00

XLON

00400812488TRLO1

23 June 2026 13:17:17

182

896.00

XLON

00400812640TRLO1

23 June 2026 13:30:04

110

895.00

XLON

00400812939TRLO1

23 June 2026 13:32:33

73

895.00

XLON

00400813004TRLO1

23 June 2026 13:32:33

91

895.00

XLON

00400813005TRLO1

23 June 2026 13:32:33

92

895.00

XLON

00400813006TRLO1

23 June 2026 13:32:33

18

895.00

XLON

00400813007TRLO1

23 June 2026 13:32:54

256

895.00

XLON

00400813012TRLO1

23 June 2026 13:32:54

172

893.50

XLON

00400813013TRLO1

23 June 2026 13:51:35

91

897.00

XLON

00400813665TRLO1

23 June 2026 13:51:35

91

897.00

XLON

00400813666TRLO1

23 June 2026 13:53:00

170

897.50

XLON

00400813709TRLO1

23 June 2026 13:55:38

88

895.50

XLON

00400813788TRLO1

23 June 2026 13:57:29

169

894.00

XLON

00400813827TRLO1

23 June 2026 13:59:35

89

894.00

XLON

00400813877TRLO1

23 June 2026 13:59:43

85

893.00

XLON

00400813880TRLO1

23 June 2026 14:00:38

91

893.00

XLON

00400813914TRLO1

23 June 2026 14:03:20

91

893.00

XLON

00400813981TRLO1

23 June 2026 14:07:53

88

892.00

XLON

00400814102TRLO1

23 June 2026 14:18:03

91

892.00

XLON

00400814385TRLO1

23 June 2026 14:18:03

90

892.00

XLON

00400814386TRLO1

23 June 2026 14:19:16

183

892.00

XLON

00400814412TRLO1

23 June 2026 14:20:46

25

891.00

XLON

00400814449TRLO1

23 June 2026 14:20:46

66

891.00

XLON

00400814450TRLO1

23 June 2026 14:20:46

90

891.00

XLON

00400814451TRLO1

23 June 2026 14:25:25

88

891.50

XLON

00400814565TRLO1

23 June 2026 14:26:36

92

890.50

XLON

00400814610TRLO1

23 June 2026 14:31:41

73

891.50

XLON

00400814805TRLO1

23 June 2026 14:34:35

170

891.50

XLON

00400815084TRLO1

23 June 2026 14:36:50

86

891.50

XLON

00400815267TRLO1

23 June 2026 14:38:22

182

891.50

XLON

00400815339TRLO1

23 June 2026 14:40:02

143

891.50

XLON

00400815404TRLO1

23 June 2026 14:40:02

39

891.50

XLON

00400815405TRLO1

23 June 2026 14:40:36

67

892.00

XLON

00400815423TRLO1

23 June 2026 14:40:40

40

892.00

XLON

00400815430TRLO1

23 June 2026 14:41:41

402

893.50

XLON

00400815494TRLO1

23 June 2026 14:41:41

112

893.50

XLON

00400815495TRLO1

23 June 2026 14:42:41

89

893.50

XLON

00400815529TRLO1

23 June 2026 14:44:27

90

894.00

XLON

00400815691TRLO1

23 June 2026 14:44:50

170

892.50

XLON

00400815728TRLO1

23 June 2026 14:46:51

85

892.00

XLON

00400815891TRLO1

23 June 2026 14:46:51

84

892.00

XLON

00400815892TRLO1

23 June 2026 14:49:07

93

891.50

XLON

00400816004TRLO1

23 June 2026 14:50:02

34

891.50

XLON

00400816065TRLO1

23 June 2026 14:50:02

24

891.50

XLON

00400816066TRLO1

23 June 2026 14:50:02

33

891.50

XLON

00400816067TRLO1

23 June 2026 14:51:01

90

891.50

XLON

00400816123TRLO1

23 June 2026 15:00:33

175

893.00

XLON

00400816907TRLO1

23 June 2026 15:00:33

1

893.00

XLON

00400816908TRLO1

23 June 2026 15:06:55

106

892.50

XLON

00400817485TRLO1

23 June 2026 15:06:55

63

892.50

XLON

00400817486TRLO1

23 June 2026 15:10:41

184

893.00

XLON

00400817722TRLO1

23 June 2026 15:12:42

176

892.50

XLON

00400817820TRLO1

23 June 2026 15:13:32

154

891.50

XLON

00400817882TRLO1

23 June 2026 15:13:32

18

891.50

XLON

00400817883TRLO1

23 June 2026 15:17:51

368

890.50

XLON

00400818191TRLO1

23 June 2026 15:29:37

183

891.00

XLON

00400819027TRLO1

23 June 2026 15:29:52

172

891.00

XLON

00400819035TRLO1

23 June 2026 15:29:57

172

890.50

XLON

00400819040TRLO1

23 June 2026 15:29:57

86

890.50

XLON

00400819041TRLO1

23 June 2026 15:32:16

20

890.00

XLON

00400819186TRLO1

23 June 2026 15:32:30

53

889.50

XLON

00400819193TRLO1

23 June 2026 15:32:30

40

889.50

XLON

00400819194TRLO1

23 June 2026 15:34:50

92

889.00

XLON

00400819279TRLO1

23 June 2026 15:34:50

86

888.50

XLON

00400819280TRLO1

23 June 2026 15:34:54

22

888.00

XLON

00400819283TRLO1

23 June 2026 15:34:54

110

888.00

XLON

00400819284TRLO1

23 June 2026 15:34:54

15

888.00

XLON

00400819285TRLO1

23 June 2026 15:35:48

139

888.00

XLON

00400819326TRLO1

23 June 2026 15:35:49

178

887.50

XLON

00400819328TRLO1

23 June 2026 15:37:52

181

887.00

XLON

00400819416TRLO1

23 June 2026 15:39:37

86

886.00

XLON

00400819530TRLO1

23 June 2026 15:39:37

172

886.00

XLON

00400819531TRLO1

23 June 2026 15:39:41

249

886.50

XLON

00400819550TRLO1

23 June 2026 15:39:42

3

886.50

XLON

00400819551TRLO1

23 June 2026 15:41:47

3

886.00

XLON

00400819720TRLO1

23 June 2026 15:42:21

86

886.00

XLON

00400819843TRLO1

23 June 2026 15:46:48

6

886.00

XLON

00400820339TRLO1

23 June 2026 15:47:40

82

886.00

XLON

00400820452TRLO1

23 June 2026 15:48:48

50

886.00

XLON

00400820519TRLO1

23 June 2026 15:48:48

276

886.00

XLON

00400820520TRLO1

23 June 2026 15:48:48

131

886.00

XLON

00400820521TRLO1

23 June 2026 15:50:05

93

886.00

XLON

00400820624TRLO1

23 June 2026 15:54:34

92

885.50

XLON

00400821175TRLO1

23 June 2026 15:55:35

46

886.50

XLON

00400821231TRLO1

23 June 2026 15:55:35

99

886.50

XLON

00400821232TRLO1

23 June 2026 15:55:35

108

886.50

XLON

00400821233TRLO1

23 June 2026 15:58:19

276

886.00

XLON

00400821427TRLO1

23 June 2026 16:03:21

109

888.50

XLON

00400821995TRLO1

23 June 2026 16:07:35

87

889.50

XLON

00400822285TRLO1

23 June 2026 16:08:35

90

888.50

XLON

00400822400TRLO1

23 June 2026 16:14:05

253

889.00

XLON

00400823023TRLO1

23 June 2026 16:15:26

54

889.00

XLON

00400823133TRLO1

23 June 2026 16:15:26

23

889.00

XLON

00400823134TRLO1

23 June 2026 16:15:26

54

889.00

XLON

00400823135TRLO1

23 June 2026 16:15:26

42

889.00

XLON

00400823136TRLO1

 

 

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 / Alice Lane / Benjamin Cryer

+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.

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END
 
 
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