Exercise of Options

RNS Number : 9111C
Gamma Communications PLC
23 June 2021
 

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)

 

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)

 Price(s)

Volume(s)

 

Nil

108,381

Exercise of options

1975.4309p

51,208

Sale

 

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)

 Price(s)

Volume(s)

 

Nil

34,504

Exercise of options

1975.4309p

64,504

Sale

 

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)

 Price(s)

Volume(s)

 

Nil

29,932

Exercise of options

1975.4309p

29,932

Sale

 

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)

 Price(s)

Volume(s)

 

Nil

21,351

Exercise of options

1975.4309p

10,087

Sale

 

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)

 Price(s)

Volume(s)

 

Nil

30,401

Exercise of options

1975.4309p

14,363

Sale

 

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)

 Price(s)

Volume(s)

 

Nil

27,637

Exercise of options

1975.4309p

13,057

Sale

 

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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