13 July 2022
Gamma Communications plc
Exercise of Options
The Company confirms that, following the receipt of notices of exercise of options from employees, it has approved the issue of 134,482 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,676,235. 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 96,676,235 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 12 July 2022 at 1102p in the quantities shown below:
Persons discharging management responsibility
· Andrew Morris exercised options over 17,280 Ordinary Shares in the Company for nil consideration and sold 8,383 Ordinary Shares
· Malcolm Goddard exercised options over 11,261 Ordinary Shares in the Company for nil consideration and sold 5,463 Ordinary Shares
· David Macfarlane exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares
· Daryl Pile exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares
· Phillip Stubbs exercised options over 12,329 Ordinary Shares in the Company for nil consideration and sold 12,329 Ordinary Shares
· John Murphy exercised options over 7,926 Ordinary Shares in the Company for nil consideration and sold 7,926 Ordinary Shares
| Gamma Communications plc Andrew Belshaw, Chief Executive Officer Bill Castell, 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 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 | 12 July 2022 | |||||||||
| 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 | 12 July 2022 | |||||||||
| 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 | 12 July 2022 | |||||||||
| 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 | 12 July 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | Phillip Stubbs | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Chief Technical 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 | 12 July 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
| a) | Name | John Murphy | |||||||||
| 2 | Reason for the notification | ||||||||||
| a) | Position/status | Group Operations Director | |||||||||
| 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 | 12 July 2022 | |||||||||
| f) | Place of the transaction | London Stock Exchange, (XLON) | |||||||||
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