Form 8.3 - Gamma Communications plc

Citadel Group

10 April 2026

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Citadel Group
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	GAMMA COMMUNICATIONS PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	9 April 2026
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	N/A

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	ISIN GB00BQS10J50 0.25p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	937	0.00	12,304	0.01
(2) Cash-settled derivatives:	1,014,243	1.11	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	1,015,180	1.11	12,304	0.01

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
Common	Buy Transaction	331	8.4680 GBP
Common	Buy Transaction	337	8.4680 GBP
Common	Buy Transaction	327	8.4680 GBP
Common	Buy Transaction	326	8.4720 GBP
Common	Buy Transaction	340	8.4720 GBP
Common	Buy Transaction	54	8.4720 GBP
Common	Buy Transaction	64	8.4800 GBP
Common	Buy Transaction	230	8.4920 GBP
Common	Buy Transaction	709	8.4980 GBP
Common	Buy Transaction	155	8.4980 GBP
Common	Buy Transaction	37	8.4981 GBP
Common	Buy Transaction	58	8.5000 GBP
Common	Buy Transaction	41	8.5020 GBP
Common	Buy Transaction	389	8.5020 GBP
Common	Buy Transaction	898	8.5040 GBP
Common	Buy Transaction	30	8.5040 GBP
Common	Buy Transaction	53	8.5079 GBP
Common	Buy Transaction	424	8.5100 GBP
Common	Buy Transaction	54	8.5141 GBP
Common	Buy Transaction	42	8.5160 GBP
Common	Buy Transaction	52	8.5160 GBP
Common	Buy Transaction	56	8.5180 GBP
Common	Buy Transaction	6	8.5200 GBP
Common	Buy Transaction	133	8.5240 GBP
Common	Buy Transaction	155	8.5240 GBP
Common	Buy Transaction	197	8.5260 GBP
Common	Buy Transaction	50	8.5260 GBP
Common	Buy Transaction	83	8.5260 GBP
Common	Buy Transaction	33	8.5279 GBP
Common	Buy Transaction	417	8.5320 GBP
Common	Buy Transaction	555	8.5320 GBP
Common	Buy Transaction	253	8.5320 GBP
Common	Buy Transaction	108	8.5320 GBP
Common	Buy Transaction	44	8.5359 GBP
Common	Buy Transaction	300	8.5360 GBP
Common	Buy Transaction	308	8.5360 GBP
Common	Buy Transaction	114	8.5380 GBP
Common	Buy Transaction	350	8.5380 GBP
Common	Buy Transaction	42	8.5381 GBP
Common	Buy Transaction	1,036	8.5400 GBP
Common	Buy Transaction	46	8.5420 GBP
Common	Buy Transaction	34	8.5421 GBP
Common	Buy Transaction	57	8.5460 GBP
Common	Buy Transaction	72	8.5460 GBP
Common	Buy Transaction	327	8.5460 GBP
Common	Buy Transaction	110	8.5460 GBP
Common	Buy Transaction	371	8.5460 GBP
Common	Buy Transaction	857	8.5500 GBP
Common	Buy Transaction	81	8.5520 GBP
Common	Buy Transaction	96	8.5520 GBP
Common	Buy Transaction	90	8.5520 GBP
Common	Buy Transaction	253	8.5520 GBP
Common	Buy Transaction	7,005	8.5540 GBP
Common	Buy Transaction	392	8.5540 GBP
Common	Buy Transaction	372	8.5540 GBP
Common	Buy Transaction	332	8.5540 GBP
Common	Buy Transaction	22	8.5559 GBP
Common	Buy Transaction	409	8.5560 GBP
Common	Buy Transaction	725	8.5560 GBP
Common	Buy Transaction	393	8.5560 GBP
Common	Buy Transaction	93	8.5560 GBP
Common	Buy Transaction	3	8.5567 GBP
Common	Buy Transaction	341	8.5580 GBP
Common	Buy Transaction	266	8.5580 GBP
Common	Buy Transaction	57	8.5581 GBP
Common	Buy Transaction	243	8.5600 GBP
Common	Buy Transaction	221	8.5620 GBP
Common	Buy Transaction	220	8.5620 GBP
Common	Buy Transaction	423	8.5620 GBP
Common	Buy Transaction	53	8.5679 GBP
Common	Buy Transaction	14	8.5700 GBP
Common	Buy Transaction	100	8.5720 GBP
Common	Buy Transaction	108	8.5720 GBP
Common	Buy Transaction	76	8.5739 GBP
Common	Buy Transaction	103	8.5740 GBP
Common	Buy Transaction	411	8.5740 GBP
Common	Buy Transaction	260	8.5740 GBP
Common	Buy Transaction	34	8.5741 GBP
Common	Buy Transaction	52	8.5760 GBP
Common	Buy Transaction	222	8.5760 GBP
Common	Buy Transaction	25	8.5760 GBP
Common	Buy Transaction	68	8.5760 GBP
Common	Buy Transaction	63	8.5760 GBP
Common	Buy Transaction	28	8.5761 GBP
Common	Buy Transaction	8	8.5762 GBP
Common	Buy Transaction	47	8.5781 GBP
Common	Buy Transaction	7	8.5786 GBP
Common	Buy Transaction	1,711	8.5800 GBP
Common	Buy Transaction	32	8.5819 GBP
Common	Buy Transaction	271	8.5820 GBP
Common	Buy Transaction	281	8.5820 GBP
Common	Buy Transaction	885	8.5820 GBP
Common	Buy Transaction	229	8.5820 GBP
Common	Buy Transaction	93	8.5820 GBP
Common	Buy Transaction	52	8.5860 GBP
Common	Buy Transaction	107	8.5860 GBP
Common	Buy Transaction	108	8.5860 GBP
Common	Buy Transaction	84	8.5880 GBP
Common	Buy Transaction	428	8.5880 GBP
Common	Buy Transaction	360	8.5880 GBP
Common	Buy Transaction	357	8.5880 GBP
Common	Buy Transaction	342	8.5880 GBP
Common	Buy Transaction	66	8.5880 GBP
Common	Buy Transaction	297	8.5900 GBP
Common	Buy Transaction	352	8.5920 GBP
Common	Buy Transaction	218	8.6000 GBP
Common	Buy Transaction	141	8.6100 GBP
Common	Buy Transaction	121	8.6120 GBP
Common	Buy Transaction	55	8.6120 GBP
Common	Buy Transaction	354	8.6120 GBP
Common	Buy Transaction	233	8.6120 GBP
Common	Buy Transaction	16	8.6137 GBP
Common	Buy Transaction	71	8.6139 GBP
Common	Buy Transaction	229	8.6140 GBP
Common	Buy Transaction	254	8.6380 GBP
Common	Sell Transaction	22	8.4500 GBP
Common	Sell Transaction	38	8.4579 GBP
Common	Sell Transaction	57	8.4581 GBP
Common	Sell Transaction	47	8.4581 GBP
Common	Sell Transaction	505	8.4960 GBP
Common	Sell Transaction	1,374	8.5000 GBP
Common	Sell Transaction	152	8.5020 GBP
Common	Sell Transaction	390	8.5020 GBP
Common	Sell Transaction	21	8.5038 GBP
Common	Sell Transaction	47	8.5160 GBP
Common	Sell Transaction	187	8.5160 GBP
Common	Sell Transaction	174	8.5180 GBP
Common	Sell Transaction	1,250	8.5180 GBP
Common	Sell Transaction	1,495	8.5200 GBP
Common	Sell Transaction	1,780	8.5300 GBP
Common	Sell Transaction	121	8.5340 GBP
Common	Sell Transaction	29	8.5341 GBP
Common	Sell Transaction	134	8.5360 GBP
Common	Sell Transaction	580	8.5400 GBP
Common	Sell Transaction	401	8.5480 GBP
Common	Sell Transaction	714	8.5480 GBP
Common	Sell Transaction	2,089	8.5500 GBP
Common	Sell Transaction	313	8.5520 GBP
Common	Sell Transaction	151	8.5540 GBP
Common	Sell Transaction	280	8.5540 GBP
Common	Sell Transaction	202	8.5540 GBP
Common	Sell Transaction	79	8.5541 GBP
Common	Sell Transaction	12	8.5542 GBP
Common	Sell Transaction	75	8.5580 GBP
Common	Sell Transaction	1,346	8.5600 GBP
Common	Sell Transaction	1,071	8.5640 GBP
Common	Sell Transaction	67	8.5640 GBP
Common	Sell Transaction	94	8.5660 GBP
Common	Sell Transaction	545	8.5660 GBP
Common	Sell Transaction	121	8.5660 GBP
Common	Sell Transaction	86	8.5660 GBP
Common	Sell Transaction	81	8.5660 GBP
Common	Sell Transaction	48	8.5679 GBP
Common	Sell Transaction	428	8.5680 GBP
Common	Sell Transaction	429	8.5680 GBP
Common	Sell Transaction	210	8.5680 GBP
Common	Sell Transaction	714	8.5690 GBP
Common	Sell Transaction	2,173	8.5700 GBP
Common	Sell Transaction	102	8.5760 GBP
Common	Sell Transaction	337	8.5760 GBP
Common	Sell Transaction	1,353	8.5760 GBP
Common	Sell Transaction	173	8.5760 GBP
Common	Sell Transaction	18	8.5778 GBP
Common	Sell Transaction	38	8.5779 GBP
Common	Sell Transaction	138	8.5780 GBP
Common	Sell Transaction	36	8.5781 GBP
Common	Sell Transaction	84	8.5800 GBP
Common	Sell Transaction	51	8.5820 GBP
Common	Sell Transaction	329	8.5820 GBP
Common	Sell Transaction	33	8.5821 GBP
Common	Sell Transaction	103	8.5860 GBP
Common	Sell Transaction	136	8.5860 GBP
Common	Sell Transaction	41	8.5900 GBP
Common	Sell Transaction	48	8.6121 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
Common	CFD	Increasing long position	2	8.5260 GBP
Common	CFD	Increasing long position	2,516	8.5384 GBP
Common	CFD	Reducing long position	603	8.5400 GBP
Common	CFD	Increasing long position	5,729	8.5569 GBP
Common	CFD	Increasing long position	3,260	8.5622 GBP
Common	CFD	Reducing long position	34	8.5628 GBP
Common	CFD	Increasing long position	2,891	8.5639 GBP
Common	CFD	Reducing long position	10,285	8.5772 GBP
Common	CFD	Reducing long position	16	8.5817 GBP
Common	CFD	Reducing long position	1,872	8.5853 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	10 April 2026
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END