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) |
| |||||||||||
| d) | Aggregated information - Aggregated volume - Price |
| |||||||||||
| e) | Date of the transaction | 29 April 2024 | |||||||||||
| f) | Place of the transaction | AIMX | |||||||||||
| | | |
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| | | |
| ||||||||||
| 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) |
|
| ||||||||||
| d) | Aggregated information - Aggregated volume - Price |
|
| ||||||||||
| 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) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price |
| |||||||||
| 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) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
| 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) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
| 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) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
| 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) |
| ||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||||||||
| 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) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price |
| ||||||
| e) | Date of the transaction | 29 April 2024 | ||||||
| f) | Place of the transaction | AIMX | ||||||
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