10 October 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 29,959 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,798,105. 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 96,798,105 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.
The following option holders exercised options and sold Ordinary Shares (in part to pay the option holder's tax due on the exercise), in the quantities shown below:
Director
· Andrew Belshaw (CEO) exercised options over 23,351 Ordinary Shares in the Company on 6 October 2022 for nil consideration and sold 28,351 Ordinary Shares at a price of 1092.5p, representing 0.03 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 94,505 Ordinary shares, representing 0.1 per cent of the issued share capital of the Company.
PDMR
· John Murphy (Group Operations Director) exercised options over 4,087 Ordinary Shares in the Company on 7 October 2022 at an exercise price of 734p and sold:
1,945 Ordinary Shares at a price of 1118p on 5 October 2022
978 Ordinary Shares at a price of 1062p on 5 October 2022
4,087 Ordinary Shares at a price of 1080p on 7 October 2022
| 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 Belshaw | ||||||||||||
| 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 | 6 October 2022 | ||||||||||||
| f) | Place of the transaction |
| ||||||||||||
| 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 and exercise of options | ||||||||||||||||||||
| c) | Price(s) and volume(s) |
| ||||||||||||||||||||
| d) | Aggregated information - Aggregated volume - Price |
7,010 1087.9p | ||||||||||||||||||||
| e) | Date of the transaction | a) 5 October 2022 b) 5 October 2022 c) 7 October 2022 d) 7 October 2022
| ||||||||||||||||||||
| f) | Place of the transaction |
| ||||||||||||||||||||
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