Source - RNS
RNS Number : 7486K
Gamma Communications PLC
23 September 2016
 

23 Sept 2016

Gamma Communications plc

("Gamma Communications plc" or the "Company")

Exercise of Options and Director's and PDMR's Shareholdings

The Company has been informed that Andrew Stone, a Non-Executive Director of the Company, sold 150,000 shares in the Company on 21 Sept 2016 at 515p per share.  The sale represents 0.2% of the issued share capital of the Company. He has a resultant holding of 1,550,000 shares representing 1.7% of the Company's issued share capital.

The Company also confirms that, following the receipt of a notice of exercise of options from Andrew Morris, a person regarded by the Company as discharging management responsibility, it yesterday issued 138,000 Ordinary Shares of 0.25p each ("New Ordinary Shares"). Andrew Morris sold 188,000 shares in the Company on 22 Sept 2016 at 515p per share.

The Company also confirms that, following the receipt of a notice of exercise of options from an employee, it yesterday issued 50,000 New Ordinary Shares.

Application has been made for 188,000 New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 29 September 2016.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 91,751,499. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 91,751,499 Ordinary Shares with voting rights attached. There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Gamma Communications plc under the DTRs.

 

Gamma Communications plc

Bob Falconer, Chief Executive Officer

Andrew Belshaw, Chief Financial Officer

Malcolm Goddard, Company Secretary

Tel: +44 (0)333 006 5972

Investec Bank plc (NOMAD & Broker)

Patrick Robb / Matt Lewis

Dominic Emery / Sebastian Lawrence

 

Tel: +44 (0)20 7597 5970

Appendix

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

MR ANDREW JONATHAN STONE

2

Reason for the notification

a)

Position/status

NON-EXECUTIVE DIRECTOR

b)

Initial notification/Amendment

INITIAL NOTIFICATION

3

Details of the issuer

 

Gamma Communications plc

 

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

Gamma Communications plc Ordinary Shares of 0.25p each

 

   

 

 

ISIN: GB00BQS10J50

 

 

b)

Nature of the transaction

SALE OF ORDINARY SHARES OF
0.25p  EACH

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 £5.15

150,000

 

d)

Aggregated information

-

Aggregated volume

 

-

Price

 

 

e)

Date of the transaction

21-09-2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew John Morris

2

Reason for the notification

a)

Position/status

Managing Director Service and
Operations

b)

Initial notification/Amendment

Initial

3

Details of the issuer

 

Gamma Communications plc

 

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

 

Gamma Communications plc Ordinary Shares of 0.25p each

 

   

 

 

ISIN: GB00BQS10J50

 

 

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 £5.15

188,000

N/A

d)

Aggregated information

-

Aggregated volume

 

-

Price

 

N/A

e)

Date of the transaction

22-09-2016

f)

Place of the transaction

London Stock Exchange (XLON)

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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