Form 8.5 (EPT/RI) - Gamma Communications PLC

GoldmanSachs International

14 September 2026

 

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:	(GS) GOLDMAN SACHS INTERNATIONAL
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:  Use a separate form for each offeror/offeree	GAMMA COMMUNICATIONS PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	EPIRIS LLP
(d) Date dealing undertaken:	11 September 2026
(e) In addition to the company in 1(b) above, is the exempt principal trader 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. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
0.25p ordinary	Purchases	2,195,447	11.7600 GBP	11.0800 GBP
0.25p ordinary	Sales	672,800	11.7600 GBP	11.0911 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
0.25p ordinary	CFD	Opening a long position	177,433	11.0867 GBP
0.25p ordinary	CFD	Increasing a short position	9,000	11.1078 GBP
0.25p ordinary	CFD	Increasing a short position	14,000	11.1078 GBP
0.25p ordinary	CFD	Increasing a short position	25,000	11.1078 GBP
0.25p ordinary	CFD	Opening a long position	11,487	11.1127 GBP
0.25p ordinary	CFD	Reducing a long position	5,265	11.1207 GBP
0.25p ordinary	CFD	Increasing a short position	12,928	11.1259 GBP
0.25p ordinary	CFD	Increasing a long position	890	11.1568 GBP
0.25p ordinary	CFD	Increasing a short position	8,400	11.1706 GBP
0.25p ordinary	CFD	Increasing a short position	5,400	11.1706 GBP
0.25p ordinary	CFD	Reducing a short position	7,574	11.1738 GBP
0.25p ordinary	CFD	Increasing a short position	8,400	11.2156 GBP
0.25p ordinary	CFD	Increasing a short position	5,400	11.2156 GBP
0.25p ordinary	CFD	Increasing a short position	700,000	11.2164 GBP
0.25p ordinary	CFD	Reducing a short position	25,000	11.2426 GBP
0.25p ordinary	CFD	Increasing a short position	627	11.2510 GBP
0.25p ordinary	CFD	Increasing a short position	20,000	11.2523 GBP
0.25p ordinary	CFD	Increasing a short position	20,000	11.2523 GBP
0.25p ordinary	CFD	Increasing a short position	8,063	11.2655 GBP
0.25p ordinary	CFD	Increasing a short position	12,873	11.2823 GBP
0.25p ordinary	CFD	Increasing a short position	20,237	11.2923 GBP
0.25p ordinary	CFD	Increasing a short position	18,200	11.2928 GBP
0.25p ordinary	CFD	Increasing a long position	1,907	11.2949 GBP
0.25p ordinary	CFD	Increasing a short position	2,235	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	630	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	31,509	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	32,414	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	3,423	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	10,845	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	3,328	11.3312 GBP
0.25p ordinary	CFD	Increasing a short position	51,305	11.3312 GBP
0.25p ordinary	CFD	Increasing a long position	208	11.3374 GBP
0.25p ordinary	CFD	Opening a short position	1,163	11.3482 GBP
0.25p ordinary	CFD	Opening a long position	40,265	11.3520 GBP
0.25p ordinary	CFD	Increasing a long position	5,000	11.3520 GBP
0.25p ordinary	CFD	Increasing a long position	3,943	11.3570 GBP
0.25p ordinary	CFD	Increasing a short position	500,000	11.3999 GBP
0.25p ordinary	CFD	Closing a long position	5,011	11.4000 GBP
0.25p ordinary	CFD	Increasing a short position	2,700	11.4018 GBP
0.25p ordinary	CFD	Increasing a short position	4,200	11.4018 GBP
0.25p ordinary	CFD	Closing a long position	8,807	11.4031 GBP
0.25p ordinary	CFD	Opening a short position	2,894	11.4031 GBP
0.25p ordinary	CFD	Increasing a short position	9,006	11.4031 GBP
0.25p ordinary	CFD	Increasing a short position	5,926	11.7549 GBP
0.25p ordinary	CFD	Increasing a short position	2,618	11.7549 GBP
0.25p ordinary	CFD	Increasing a short position	681	11.7549 GBP
0.25p ordinary	CFD	Increasing a short position	621	11.7549 GBP
0.25p ordinary	CFD	Increasing a short position	154	11.7549 GBP
0.25p ordinary	SWAP	Opening a long position	1,775,205	11.6500 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)

3. 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 exempt principal trader 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 exempt principal trader 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

Date of disclosure:	14 September 2026
Contact name:	Papa Lette and Andrzej Szyszka
Telephone number:	[phone] / [phone]

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].

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

 

END