25 March 2022
Gamma Communications plc
Grant of options
Gamma Communications plc ("the Company") announces that on 25 March 2022 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Long-Term Incentive Plan established on 2 September 2014:
| Executive Director | | No of Options | Exercise price | |
| | | | | |
| Andrew Taylor | | 48,568 | nil | |
| Andrew Belshaw | | 30,203 | nil | |
| | | | | |
| | | | | |
| PDMR | | No of Options | Exercise price | |
| | | | | |
| Andrew Morris | | 18,625 | nil | |
| Malcolm Goddard | | 12,138 | nil | |
| David Macfarlane | | 18,730 | nil | |
| Daryl Pile | | 18,730 | nil | |
The above options are subject to certain performance conditions having been met during the three year period up until April 2025.
The options for the Executive Directors are subject to a further two year holding period post vesting before they may be exercised.
The Company also announces that on 25 March 2022 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Deferred Bonus Plan established on 23 May 2018:
| Executive Director | | No of Options | Exercise price | |
| | | | | |
| Andrew Taylor | | 9,377 | nil | |
| Andrew Belshaw | | 4,665 | nil | |
The above options were granted on 25 March 2022 and will vest on 31 March 2025 without performance conditions.
Enquiries:
|
| | |
| 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)207 597 5970 | |
| Tulchan Communications LLP (PR Adviser) James Macey White / Matt Low | 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 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 | Award of options over Ordinary Shares of 0.25p each under the schemes shown below | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 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 | Award of options over Ordinary Shares of 0.25p each under the schemes shown below | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 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 | Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 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 | Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 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 | Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
| 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 | Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | As above | ||||||
| e) | Date of the transaction | 25 March 2022 | ||||||
| f) | Place of the transaction | Outside a trading venue | ||||||
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