23 June 2021
Gamma Communications plc
Exercise of Options
The Company confirms that, following the receipt of notices of exercise of options from employees, ex-employees and Directors, it has approved the issue of 319,889 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,080,384. 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 96,080,384 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.
Pursuant to above exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders sold Ordinary Shares on 22 June 2021 at 1975.4309p in the quantities shown below:
Directors
· Andrew Taylor (CEO) exercised options over 108,381 Ordinary shares in the Company for nil consideration and sold 51,208 Ordinary Shares representing 0.05 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 57,173 Ordinary shares, representing 0.06 per cent of the issued share capital of the Company.
· Andrew Belshaw (CFO) exercised options over 34,504 Ordinary shares in the Company for nil consideration and sold 64,504 Ordinary Shares representing 0.07 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 99,505 Ordinary shares, representing 0.1 per cent of the issued share capital of the Company.
Other persons discharging management responsibility
· Andrew Morris exercised options over 29,932 Ordinary Shares in the Company for nil consideration and sold 29,932 Ordinary Shares
· Malcolm Goddard exercised options over 21,351 Ordinary Shares in the Company for nil consideration and sold 10,087 Ordinary Shares
· David Macfarlane exercised options over 30,401 Ordinary Shares in the Company for nil consideration and sold 14,363 Ordinary Shares
· Daryl Pile exercised options over 27,637 Ordinary Shares in the Company for nil consideration and sold 13,057 Ordinary Shares
| Gamma Communications plc Andrew Taylor, 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 / Virginia Bull / Sebastian Lawrence
| Tel: +44 (0)20 7597 5970 |
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 Taylor | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | CEO | |||||||||
| 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | Andrew Belshaw | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | CFO | |||||||||
| 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | Andrew Morris | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Chief Strategy & 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | Malcolm Goddard | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Company Secretary | |||||||||
| 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 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 - Direct | |||||||||
| 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 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 - Channel | |||||||||
| 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 shares following exercise of options | |||||||||
| c) | Price(s) and volume(s) |
| |||||||||
| d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
| e) | Date of the transaction | 22 June 2021 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
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