30 April 2024
Gamma Communications
plc
("Gamma" or the
"Company")
Exercise of Options and PDMR
dealing
Exercise of
Options
The Company announces that, following the
receipt of notices of exercise of options from employees and former
employees, it has approved the exercise of 62,995
Ordinary Shares of 0.25 pence each (the "Ordinary Shares").
The options will be satisfied through the transfer of Ordinary
Shares from the Company's treasury account.
Following the transfer from treasury,
for the purposes of the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules ("DGTRs"),
the Company's issued ordinary share capital consists of 97,500,389
Ordinary Shares, of which 330,346 Ordinary Shares are held in
treasury. The shares in treasury have no voting
rights.
The total voting rights in the
Company are therefore 97,170,043. Each share entitles the holder to
one vote.
The above figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company
under the DGTRs.
Pursuant to the exercise of options, and in part
to pay the option holders' tax due on the exercise, the following
option holders who are PDMRs exercised options and sold the
associated Ordinary Shares on 29 April 2024 as set out
below:
|
PDMR
|
Number of options exercised
|
Option exercise price
|
Ordinary Shares sold
|
Sale price
|
|
Andrew Belshaw*
|
16,015
|
£0.0025
|
16,015
|
£13.13463
|
|
David Macfarlane
|
5,554
|
£0.0025
|
2,625
|
£13.13463
|
|
Daryl Pile
|
5,554
|
£0.0025
|
2,625
|
£13.13463
|
|
John Murphy
|
4,017
|
£0.0025
|
4,017
|
£13.13463
|
|
Chris Wade
|
3,673
|
£0.0025
|
1,736
|
£13.13463
|
|
Chris Bradford
|
1,751
|
£0.0025
|
828
|
£13.13463
|
|
Gerben Wijbenga
|
1,975
|
£0.0025
|
983
|
£13.13463
|
* Following this exercise and sale, Andrew
Belshaw holds 135,952 Ordinary Shares in the Company, including
those held under the Deferred Bonus Plan and net vested but
unexercised shares under the LTIP. Andrew's shareholding
requirement is 200% of his base salary. As a consequence of this
transaction, his shareholding is now equivalent to 378% of his base
salary when calculated at a price of £13.16.
Sale of Shares
by a PDMR
The Company further advises that Daryl Pile, a
PDMR, has sold an additional 14,580 Ordinary Shares on 29 April
2024 at £13.13463 per Ordinary Share.
|
Enquiries:
|
|
Gamma
Communications plc
Andrew Belshaw, Chief Executive
Officer
Bill Castell, Chief Financial
Officer
Rachael Matzopoulos, Company
Secretary
|
Tel: +44 (0)333 006 5972
|
|
Investec Bank
plc (NOMAD & Broker)
Patrick Robb / Virginia Bull
|
Tel: +44 (0)207 597 5970
|
|
Teneo (PR
Adviser)
James Macey White / Matt Low / Rebecca
Hamer
|
Tel: +44 (0)207 353 4200
|
Appendix
Notification
and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with
them.
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Andrew Belshaw
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
£0.0025
|
16,015
|
Exercise of
options
|
|
£13.13463
|
16,015
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
£40.04
|
16,015
|
Exercise of
options
|
|
£210,351.10
|
16,015
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
|
|
|
|
|
|
|
|
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
|
a)
|
Name
|
David Macfarlane
|
|
|
2
|
Reason for the
notification
|
|
|
a)
|
Position/status
|
Managing Director - Gamma Enterprise
|
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
|
a)
|
Name
|
Gamma Communications plc
|
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
£0.0025
|
5,554
|
Exercise of
options
|
|
£13.13463
|
2,625
|
Sale of Ordinary
Shares
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
£13.89
|
5,554
|
Exercise of
options
|
|
£34,478.40
|
2,625
|
Sale of Ordinary
Shares
|
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
|
f)
|
Place of the transaction
|
AIMX
|
|
|
|
|
|
| |
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Daryl Pile
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Managing Director - Gamma Business
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
£0.0025
|
5,554
|
Exercise of
options
|
|
£13.13463
|
2,625
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
£13.89
|
5,554
|
Exercise of
options
|
|
£34,478.40
|
2,625
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
John Murphy
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Operating Officer
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
£0.0025
|
4,017
|
Exercise of
options
|
|
£13.13463
|
4,017
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
|
£10.04
|
4,017
|
Exercise of
options
|
|
£52,761.81
|
4,017
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Chris Wade
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Marketing and Product Officer
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
£0.0025
|
3,673
|
Exercise of
options
|
|
£13.13463
|
1,736
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
|
£9.18
|
3,673
|
Exercise of
options
|
|
£22,801.72
|
1,736
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Chris Bradford
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief People Officer
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
£0.0025
|
1,751
|
Exercise of
options
|
|
£13.13463
|
828
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
|
£4.38
|
1,751
|
Exercise of
options
|
|
£10,875.47
|
828
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Gerben Wijbenga
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Chief Executive Officer - Northern
Europe
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares following exercise of
LTIP options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
|
£0.0025
|
1,975
|
Exercise of
options
|
|
£13.13463
|
983
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
|
£4.94
|
1,975
|
Exercise of
options
|
|
£12,911.34
|
983
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|
|
1
|
Details of the
person discharging managerial responsibilities / person closely
associated
|
|
a)
|
Name
|
Daryl Pile
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
Managing Director - Gamma Business
|
|
b)
|
Initial notification /Amendment
|
Initial notification
|
|
3
|
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
|
|
a)
|
Name
|
Gamma Communications plc
|
|
b)
|
LEI
|
213800LAQZXPRIZUEH50
|
|
4
|
Details of the
transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and
(iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial instrument, type of
instrument
Identification code
|
Ordinary Shares of 0.25p each in Gamma
Communications plc
Identification code (ISIN) for Gamma
Communications plc ordinary shares: GB00BQS10J50
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
|
£13.13463
|
14,580
|
Sale of Ordinary
Shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
|
£191,502.91
|
14,580
|
Sale of Ordinary
Shares
|
|
|
e)
|
Date of the transaction
|
29 April 2024
|
|
f)
|
Place of the transaction
|
AIMX
|