Director/PDMR Shareholding

Gamma Communications PLC

09 June 2023

 

9 June 2023

Gamma Communications plc

("Gamma" or the "Company")

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees and former employees, it has approved the issue of 109,751 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,975,843. For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DGTRs"), the Company's  issued ordinary share capital following this allotment consists of 96,975,843 Ordinary Shares with voting rights attached. The Company does not hold any Ordinary Shares in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DGTRs.

Pursuant to the exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders who are PDMRs exercised options and sold Ordinary Shares on 8 June 2023 at £11.80 per share as set out below:

PDMR	Number of options exercised	Total option cost	Ordinary Shares sold
David Macfarlane	10,997	£27.49	5,196
Daryl Pile	10,997	£27.49	10,997
John Murphy	7,500	£18.75	7,500

Enquiries:
Gamma Communications plc Andrew Belshaw, Chief Executive Officer Bill Castell, Chief Financial Officer Rachael Matzopoulos, Company Secretary	Tel: [phone]
Investec Bank plc (NOMAD & Broker) Patrick Robb / Virginia Bull	Tel: [phone]
Teneo (PR Adviser) James Macey White / Rebecca Hamer	Tel: [phone]

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	David Macfarlane
2	Reason for the notification
a)	Position/status	Managing Director - UK 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 Ordinary Shares following exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £27.49 10,997 Exercise of options £11.80 5,196 Sale of Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	AIMX

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 Ordinary Shares following exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £27.49 10,997 Exercise of options £11.80 10,997 Sale of Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	AIMX

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Murphy
2	Reason for the notification
a)	Position/status	Chief 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 Ordinary Shares following exercise of LTIP options
c)	Price(s) and volume(s)	Price(s) Volume(s) £18.75 7,500 Exercise of options £11.80 7,500 Sale of Ordinary Shares
d)	Aggregated information - Aggregated volume - Price	As above
e)	Date of the transaction	8 June 2023
f)	Place of the transaction	AIMX

 

END