Form 8.3 - Gamma Communications plc

Citadel Group

16 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	15 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:	0	0.00	10,457	0.01
(2) Cash-settled derivatives:	886,964	0.97	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	886,964	0.97	10,457	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	1,360	8.7000 GBP
Common	Buy Transaction	16	8.7238 GBP
Common	Buy Transaction	23	8.7239 GBP
Common	Buy Transaction	9	8.7278 GBP
Common	Buy Transaction	101	8.7280 GBP
Common	Buy Transaction	17	8.7300 GBP
Common	Buy Transaction	952	8.7500 GBP
Common	Buy Transaction	13	8.7577 GBP
Common	Buy Transaction	176	8.7580 GBP
Common	Buy Transaction	101	8.7580 GBP
Common	Buy Transaction	16	8.7581 GBP
Common	Buy Transaction	501	8.7600 GBP
Common	Buy Transaction	98	8.7720 GBP
Common	Buy Transaction	644	8.7800 GBP
Common	Buy Transaction	122	8.7860 GBP
Common	Buy Transaction	106	8.7880 GBP
Common	Buy Transaction	385	8.7980 GBP
Common	Buy Transaction	45	8.8000 GBP
Common	Buy Transaction	47	8.8019 GBP
Common	Buy Transaction	362	8.8020 GBP
Common	Buy Transaction	355	8.8020 GBP
Common	Buy Transaction	244	8.8020 GBP
Common	Buy Transaction	199	8.8020 GBP
Common	Buy Transaction	109	8.8020 GBP
Common	Buy Transaction	59	8.8020 GBP
Common	Buy Transaction	43	8.8021 GBP
Common	Buy Transaction	23	8.8022 GBP
Common	Buy Transaction	21	8.8038 GBP
Common	Buy Transaction	263	8.8040 GBP
Common	Buy Transaction	75	8.8040 GBP
Common	Buy Transaction	44	8.8059 GBP
Common	Buy Transaction	42	8.8060 GBP
Common	Buy Transaction	57	8.8060 GBP
Common	Buy Transaction	190	8.8060 GBP
Common	Buy Transaction	43	8.8060 GBP
Common	Buy Transaction	69	8.8061 GBP
Common	Buy Transaction	6	8.8067 GBP
Common	Buy Transaction	319	8.8080 GBP
Common	Buy Transaction	149	8.8100 GBP
Common	Buy Transaction	22	8.8118 GBP
Common	Buy Transaction	27	8.8119 GBP
Common	Buy Transaction	26	8.8119 GBP
Common	Buy Transaction	117	8.8120 GBP
Common	Buy Transaction	101	8.8120 GBP
Common	Buy Transaction	352	8.8120 GBP
Common	Buy Transaction	387	8.8120 GBP
Common	Buy Transaction	530	8.8120 GBP
Common	Buy Transaction	314	8.8120 GBP
Common	Buy Transaction	239	8.8120 GBP
Common	Buy Transaction	144	8.8120 GBP
Common	Buy Transaction	203	8.8120 GBP
Common	Buy Transaction	143	8.8120 GBP
Common	Buy Transaction	69	8.8120 GBP
Common	Buy Transaction	9	8.8122 GBP
Common	Buy Transaction	240	8.8140 GBP
Common	Buy Transaction	99	8.8160 GBP
Common	Buy Transaction	72	8.8160 GBP
Common	Buy Transaction	184	8.8160 GBP
Common	Buy Transaction	45	8.8160 GBP
Common	Buy Transaction	348	8.8160 GBP
Common	Buy Transaction	158	8.8160 GBP
Common	Buy Transaction	143	8.8160 GBP
Common	Buy Transaction	33	8.8179 GBP
Common	Buy Transaction	34	8.8179 GBP
Common	Buy Transaction	230	8.8180 GBP
Common	Buy Transaction	121	8.8180 GBP
Common	Buy Transaction	27	8.8181 GBP
Common	Buy Transaction	33	8.8182 GBP
Common	Buy Transaction	88	8.8200 GBP
Common	Buy Transaction	117	8.8220 GBP
Common	Buy Transaction	167	8.8220 GBP
Common	Buy Transaction	240	8.8220 GBP
Common	Buy Transaction	124	8.8220 GBP
Common	Buy Transaction	119	8.8220 GBP
Common	Buy Transaction	109	8.8220 GBP
Common	Buy Transaction	39	8.8221 GBP
Common	Buy Transaction	38	8.8221 GBP
Common	Buy Transaction	143	8.8240 GBP
Common	Buy Transaction	860	8.8240 GBP
Common	Buy Transaction	232	8.8260 GBP
Common	Buy Transaction	1,040	8.8260 GBP
Common	Buy Transaction	183	8.8260 GBP
Common	Buy Transaction	112	8.8261 GBP
Common	Buy Transaction	43	8.8279 GBP
Common	Buy Transaction	21	8.8281 GBP
Common	Buy Transaction	1,399	8.8300 GBP
Common	Buy Transaction	181	8.8320 GBP
Common	Buy Transaction	140	8.8320 GBP
Common	Buy Transaction	34	8.8359 GBP
Common	Buy Transaction	22	8.8418 GBP
Common	Buy Transaction	30	8.8420 GBP
Common	Buy Transaction	29	8.8421 GBP
Common	Buy Transaction	19	8.8421 GBP
Common	Buy Transaction	43	8.8440 GBP
Common	Buy Transaction	80	8.8440 GBP
Common	Buy Transaction	162	8.8440 GBP
Common	Buy Transaction	97	8.8460 GBP
Common	Buy Transaction	4	8.8650 GBP
Common	Buy Transaction	29	8.8659 GBP
Common	Buy Transaction	130	8.8660 GBP
Common	Sell Transaction	238	8.7060 GBP
Common	Sell Transaction	222	8.7160 GBP
Common	Sell Transaction	138	8.7160 GBP
Common	Sell Transaction	66	8.7161 GBP
Common	Sell Transaction	127	8.7720 GBP
Common	Sell Transaction	440	8.7720 GBP
Common	Sell Transaction	168	8.7720 GBP
Common	Sell Transaction	1	8.7800 GBP
Common	Sell Transaction	872	8.7900 GBP
Common	Sell Transaction	167	8.7920 GBP
Common	Sell Transaction	240	8.8000 GBP
Common	Sell Transaction	53	8.8079 GBP
Common	Sell Transaction	149	8.8080 GBP
Common	Sell Transaction	5	8.8080 GBP
Common	Sell Transaction	137	8.8080 GBP
Common	Sell Transaction	3,027	8.8200 GBP
Common	Sell Transaction	420	8.8260 GBP
Common	Sell Transaction	350	8.8360 GBP
Common	Sell Transaction	4	8.8525 GBP
Common	Sell Transaction	25	8.8540 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	Reducing long position	114	8.7700 GBP
Common	CFD	Reducing long position	18,213	8.7862 GBP
Common	CFD	Reducing long position	13,484	8.7942 GBP
Common	CFD	Reducing long position	1,260	8.8023 GBP
Common	CFD	Reducing long position	2,805	8.8080 GBP
Common	CFD	Increasing long position	4,170	8.8081 GBP
Common	CFD	Increasing long position	3,297	8.8163 GBP
Common	CFD	Reducing long position	66	8.8200 GBP
Common	CFD	Reducing long position	3,447	8.8254 GBP
Common	CFD	Reducing long position	2	8.8260 GBP
Common	CFD	Increasing long position	2,022	8.8264 GBP
Common	CFD	Increasing long position	697	8.8401 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:	16 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