Transaction in Own Shares

Gamma Communications PLC

21 April 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

21 April 2026                                         

Gamma Communications plc

Transaction in Own Shares and Rule 2.9 Announcement

Gamma Communications plc ("Gamma" or the "Company") announces today that in accordance with the terms of its share buyback programme announced on 13 January 2026 (the "Buyback Programme"), it has purchased the following number of its ordinary shares of 0.25 pence each ("ordinary shares") through Investec Bank plc ("Investec").

Ordinary shares

Date of purchase:	20 April 2026
Number of ordinary shares purchased:	9,664
Lowest price per share (pence):	912.20
Highest price per share (pence):	921.60
Weighted average price per day (pence):	918.3899

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,310,065 ordinary shares since the commencement of the buyback programme and will have 92,454,286 ordinary shares in issue. There are 1,587,800 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,866,486 and this can be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Rule 2.9

The Company announced on 7 April 2026 that it had entered into an offer period. The ordinary shares are relevant securities of Gamma for the purposes of Rule 8 of The City Code on Takeovers and Mergers (the "Code"). In accordance with Rule 2.9 of the Code, the Company confirms that it has 90,866,486 ordinary shares in issue (excluding treasury shares) as at the date and time of this announcement. The ordinary shares are voting shares (each such ordinary share carries one vote per ordinary share) and are admitted to trading on the main market of the London Stock Exchange under the International Securities Identification Number GB00BQS10J50 and the Company's LEI number is 213800LAQZXPRIZUEH50.

Aggregate information:

Venue	Volume-weighted average price (p)	Aggregated volume	Lowest price per share (p)	Highest price per share (p)
XLON	918.3899	9,664	912.20	921.60

Schedule of Purchases - Individual Transactions

In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it forms part of UK law, a full breakdown of the individual trades made by Investec on behalf of the Company as part of the Programme is found below.

Date and time of each trade	Number of shares purchased	Price (pence per share)	Trading Venue	Transaction Reference Number
20 April 2026 08:05:42	115	912.20	XLON	00388855412TRLO1
20 April 2026 08:19:30	236	917.20	XLON	00388862275TRLO1
20 April 2026 08:23:27	25	919.00	XLON	00388866229TRLO1
20 April 2026 08:24:42	231	918.80	XLON	00388867310TRLO1
20 April 2026 08:26:36	233	918.20	XLON	00388868644TRLO1
20 April 2026 08:26:59	119	917.60	XLON	00388868884TRLO1
20 April 2026 08:30:53	118	916.60	XLON	00388872212TRLO1
20 April 2026 08:36:24	74	916.20	XLON	00388874230TRLO1
20 April 2026 08:36:24	43	916.20	XLON	00388874232TRLO1
20 April 2026 08:48:44	110	917.80	XLON	00388880481TRLO1
20 April 2026 08:51:16	88	917.80	XLON	00388881662TRLO1
20 April 2026 09:06:12	236	914.60	XLON	00388894930TRLO1
20 April 2026 09:06:12	10	914.60	XLON	00388894931TRLO1
20 April 2026 09:06:12	17	914.60	XLON	00388894932TRLO1
20 April 2026 09:12:44	117	914.40	XLON	00388900003TRLO1
20 April 2026 09:15:47	19	914.60	XLON	00388902375TRLO1
20 April 2026 09:15:47	66	914.60	XLON	00388902376TRLO1
20 April 2026 09:20:33	124	914.60	XLON	00388906251TRLO1
20 April 2026 09:20:33	17	914.60	XLON	00388906252TRLO1
20 April 2026 09:34:06	74	913.80	XLON	00388917171TRLO1
20 April 2026 09:34:06	3	913.80	XLON	00388917172TRLO1
20 April 2026 09:36:04	121	912.40	XLON	00388919156TRLO1
20 April 2026 09:56:45	36	915.80	XLON	00388935696TRLO1
20 April 2026 09:59:45	23	915.40	XLON	00388938893TRLO1
20 April 2026 10:16:17	116	915.40	XLON	00388952413TRLO1
20 April 2026 10:16:33	61	914.20	XLON	00388952669TRLO1
20 April 2026 10:19:40	124	914.60	XLON	00388955116TRLO1
20 April 2026 10:19:40	22	916.00	XLON	00388955117TRLO1
20 April 2026 10:19:40	122	915.00	XLON	00388955121TRLO1
20 April 2026 10:20:12	127	914.80	XLON	00388955509TRLO1
20 April 2026 10:22:11	125	915.40	XLON	00388957082TRLO1
20 April 2026 10:22:26	123	916.40	XLON	00388957294TRLO1
20 April 2026 10:22:29	123	915.60	XLON	00388957323TRLO1
20 April 2026 10:22:40	120	915.80	XLON	00388957505TRLO1
20 April 2026 10:22:44	125	915.80	XLON	00388957533TRLO1
20 April 2026 10:23:10	117	916.60	XLON	00388957912TRLO1
20 April 2026 10:24:00	22	917.60	XLON	00388958534TRLO1
20 April 2026 10:27:29	96	919.40	XLON	00388961151TRLO1
20 April 2026 10:27:29	20	919.40	XLON	00388961152TRLO1
20 April 2026 10:27:39	116	917.60	XLON	00388961345TRLO1
20 April 2026 10:29:16	69	919.20	XLON	00388962478TRLO1
20 April 2026 10:29:34	54	918.40	XLON	00388962697TRLO1
20 April 2026 10:29:34	61	918.40	XLON	00388962698TRLO1
20 April 2026 10:29:34	1	918.40	XLON	00388962699TRLO1
20 April 2026 10:32:16	123	917.60	XLON	00388965399TRLO1
20 April 2026 10:33:30	125	918.00	XLON	00388967071TRLO1
20 April 2026 10:37:17	123	917.20	XLON	00388970440TRLO1
20 April 2026 10:40:01	122	917.40	XLON	00388973049TRLO1
20 April 2026 10:40:12	101	917.20	XLON	00388973166TRLO1
20 April 2026 10:48:57	18	921.60	XLON	00388981938TRLO1
20 April 2026 10:48:57	36	921.60	XLON	00388981939TRLO1
20 April 2026 10:50:10	24	920.80	XLON	00388983150TRLO1
20 April 2026 10:50:10	23	920.80	XLON	00388983151TRLO1
20 April 2026 10:50:10	72	920.80	XLON	00388983152TRLO1
20 April 2026 10:50:10	14	921.20	XLON	00388983153TRLO1
20 April 2026 10:50:10	28	921.20	XLON	00388983154TRLO1
20 April 2026 10:50:10	49	921.20	XLON	00388983155TRLO1
20 April 2026 10:50:28	477	920.00	XLON	00388983394TRLO1
20 April 2026 10:50:28	339	920.00	XLON	00388983395TRLO1
20 April 2026 10:50:28	937	920.00	XLON	00388983396TRLO1
20 April 2026 10:54:10	120	918.80	XLON	00388986733TRLO1
20 April 2026 10:58:38	116	917.60	XLON	00388989841TRLO1
20 April 2026 11:15:44	125	920.20	XLON	00388991179TRLO1
20 April 2026 11:15:44	119	919.60	XLON	00388991180TRLO1
20 April 2026 11:16:09	102	920.40	XLON	00388991185TRLO1
20 April 2026 11:16:09	18	920.40	XLON	00388991186TRLO1
20 April 2026 11:16:09	18	920.20	XLON	00388991187TRLO1
20 April 2026 11:16:12	125	920.20	XLON	00388991189TRLO1
20 April 2026 11:54:10	38	920.00	XLON	00388992643TRLO1
20 April 2026 11:58:30	49	920.00	XLON	00388992752TRLO1
20 April 2026 11:58:30	38	920.00	XLON	00388992753TRLO1
20 April 2026 11:58:30	14	920.00	XLON	00388992754TRLO1
20 April 2026 11:58:46	21	920.00	XLON	00388992759TRLO1
20 April 2026 12:09:01	123	920.40	XLON	00388993001TRLO1
20 April 2026 12:09:16	39	920.00	XLON	00388993005TRLO1
20 April 2026 12:09:16	77	920.00	XLON	00388993006TRLO1
20 April 2026 12:09:19	110	919.80	XLON	00388993007TRLO1
20 April 2026 13:16:18	122	921.60	XLON	00388994947TRLO1
20 April 2026 13:27:36	117	919.60	XLON	00388995206TRLO1
20 April 2026 13:27:36	122	918.80	XLON	00388995207TRLO1
20 April 2026 13:29:13	21	918.40	XLON	00388995241TRLO1
20 April 2026 13:29:13	21	918.40	XLON	00388995242TRLO1
20 April 2026 13:29:13	21	918.40	XLON	00388995243TRLO1
20 April 2026 13:42:00	58	920.60	XLON	00388995758TRLO1
20 April 2026 14:00:07	116	921.60	XLON	00388996370TRLO1
20 April 2026 14:00:11	122	921.00	XLON	00388996373TRLO1
20 April 2026 14:04:23	119	921.40	XLON	00388996646TRLO1
20 April 2026 14:11:41	117	921.60	XLON	00388997060TRLO1
20 April 2026 14:19:19	121	920.80	XLON	00388997461TRLO1
20 April 2026 14:29:13	125	920.80	XLON	00388997918TRLO1
20 April 2026 14:40:00	120	920.20	XLON	00388999220TRLO1
20 April 2026 14:40:00	120	920.20	XLON	00388999221TRLO1
20 April 2026 14:50:10	117	921.60	XLON	00388999979TRLO1
20 April 2026 14:50:10	117	921.40	XLON	00388999980TRLO1
20 April 2026 14:53:22	126	921.00	XLON	00389000166TRLO1

Enquiries:
Gamma Communications plc Martin Hellawell, Chair Andrew Belshaw, Chief Executive Officer Rachael Matzopoulos, Company Secretary	[phone]
Barclays Bank PLC, acting through its Investment Bank (Lead Financial Adviser) Alastair Blackman / Alex Evans / Callum West / Michael Hart	[phone]
Q Advisors (Joint Financial Adviser)  Michael Quinn / Kristian MacCarter	[phone]
Investec (Joint Financial Adviser and Joint Broker)  Patrick Robb / Virginia Bull	[phone]
Peel Hunt (Joint Financial Adviser and Joint Broker)  Neil Patel / Benjamin Cryer / Kate Bannatyne	[phone]
Teneo (Financial PR Adviser)  James Macey White / Matt Low	[phone]

Disclaimer

Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is authorised by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Gamma and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Gamma for providing the protections afforded to clients of Barclays nor for providing advice in relation to any matter referred to in this announcement.

Investec Bank plc ("Investec"), which is authorised by the Prudential Regulation Authority (the "PRA") and regulated by the Financial Conduct Authority and PRA in the United Kingdom, is acting exclusively for Gamma and for no one else in connection with the matters set out in this announcement and will not be responsible to any person other than Gamma for providing the protections afforded to clients of Investec, nor for providing advice in relation to any matter referred to in this announcement. Neither Investec nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Investec in connection with this announcement, any statement contained herein or otherwise.

Peel Hunt LLP is authorised and regulated in the United Kingdom by the Financial Conduct Authority and is acting exclusively for Gamma and no one else in connection with the matters set out in this announcement and will not be responsible to anyone other than Gamma for providing the protections afforded to clients of Peel Hunt LLP nor for providing advice in relation to any matter referred to in this announcement.

In accordance with the Code, normal United Kingdom market practice and Rule 14e-5(b) of the Securities Exchange Act 1934 of the United States, Barclays, Investec, Peel Hunt and its affiliates will continue to act as exempt principal traders in Gamma securities on the London Stock Exchange. These purchases and activities by exempt principal traders which are required to be made public in the United Kingdom pursuant to the Code will be reported to a Regulatory Information Service and will be available on the London Stock Exchange website at www.londonstockexchange.com. This information will also be publicly disclosed in the United States to the extent that such information is made public in the United Kingdom.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3.Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on [phone] if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

 

END