Transaction in Own Shares

Gamma Communications PLC

12 May 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

12 May 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:	11 May 2026
Number of ordinary shares purchased:	18,837
Lowest price per share (pence):	918.00
Highest price per share (pence):	955.00
Weighted average price per day (pence):	929.0389

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,617,508 ordinary shares since the commencement of the buyback programme and will have 92,146,843 ordinary shares in issue. There are 1,578,525 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,568,318 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 90,568,318 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	929.0389	18,837	918.00	955.00

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
11 May 2026 08:05:33	79	955.00	XLON	00392778747TRLO1
11 May 2026 08:12:33	87	926.00	XLON	00392783583TRLO1
11 May 2026 08:12:35	80	923.00	XLON	00392783598TRLO1
11 May 2026 08:16:24	80	920.50	XLON	00392785384TRLO1
11 May 2026 08:16:24	84	920.50	XLON	00392785385TRLO1
11 May 2026 08:20:13	80	918.00	XLON	00392787413TRLO1
11 May 2026 08:20:24	84	919.00	XLON	00392787517TRLO1
11 May 2026 08:57:58	169	925.00	XLON	00392816295TRLO1
11 May 2026 08:57:59	180	925.50	XLON	00392816296TRLO1
11 May 2026 09:00:00	164	924.50	XLON	00392819309TRLO1
11 May 2026 09:19:15	165	927.50	XLON	00392829572TRLO1
11 May 2026 09:31:19	177	927.00	XLON	00392835510TRLO1
11 May 2026 09:34:19	171	926.00	XLON	00392837323TRLO1
11 May 2026 09:34:22	20	926.00	XLON	00392837335TRLO1
11 May 2026 09:34:22	169	926.50	XLON	00392837336TRLO1
11 May 2026 09:38:27	40	931.00	XLON	00392840621TRLO1
11 May 2026 09:38:27	64	931.00	XLON	00392840622TRLO1
11 May 2026 09:38:29	52	931.00	XLON	00392840649TRLO1
11 May 2026 09:38:31	172	930.50	XLON	00392840658TRLO1
11 May 2026 09:38:36	49	930.50	XLON	00392840694TRLO1
11 May 2026 09:46:33	218	930.00	XLON	00392846488TRLO1
11 May 2026 09:46:33	130	930.00	XLON	00392846489TRLO1
11 May 2026 09:46:33	174	930.00	XLON	00392846490TRLO1
11 May 2026 09:46:33	174	930.00	XLON	00392846491TRLO1
11 May 2026 09:46:33	174	930.00	XLON	00392846492TRLO1
11 May 2026 09:46:33	829	929.50	XLON	00392846493TRLO1
11 May 2026 09:54:52	95	929.00	XLON	00392853640TRLO1
11 May 2026 09:55:50	48	929.00	XLON	00392854437TRLO1
11 May 2026 10:06:04	338	930.00	XLON	00392861131TRLO1
11 May 2026 10:06:04	169	930.00	XLON	00392861132TRLO1
11 May 2026 10:06:04	169	930.00	XLON	00392861133TRLO1
11 May 2026 10:06:04	168	930.00	XLON	00392861134TRLO1
11 May 2026 10:07:13	102	931.50	XLON	00392861934TRLO1
11 May 2026 10:07:13	250	931.50	XLON	00392861935TRLO1
11 May 2026 10:07:13	176	931.50	XLON	00392861936TRLO1
11 May 2026 10:18:13	171	930.00	XLON	00392869101TRLO1
11 May 2026 10:28:32	55	930.50	XLON	00392875240TRLO1
11 May 2026 10:28:37	107	930.50	XLON	00392875270TRLO1
11 May 2026 10:47:03	179	935.50	XLON	00392893979TRLO1
11 May 2026 10:57:00	171	938.00	XLON	00392901416TRLO1
11 May 2026 11:00:08	171	935.50	XLON	00392903130TRLO1
11 May 2026 11:17:43	171	934.50	XLON	00392903719TRLO1
11 May 2026 11:21:24	167	935.00	XLON	00392903837TRLO1
11 May 2026 11:21:36	129	934.50	XLON	00392903840TRLO1
11 May 2026 11:26:00	6	936.50	XLON	00392903968TRLO1
11 May 2026 11:27:40	92	936.50	XLON	00392904018TRLO1
11 May 2026 11:27:40	77	936.50	XLON	00392904019TRLO1
11 May 2026 11:38:47	169	935.50	XLON	00392904891TRLO1
11 May 2026 11:42:14	100	933.50	XLON	00392905266TRLO1
11 May 2026 11:42:14	74	933.50	XLON	00392905267TRLO1
11 May 2026 12:29:04	167	933.50	XLON	00392907449TRLO1
11 May 2026 12:29:14	58	933.50	XLON	00392907468TRLO1
11 May 2026 12:31:00	8	933.50	XLON	00392907509TRLO1
11 May 2026 12:31:00	128	933.00	XLON	00392907510TRLO1
11 May 2026 12:31:00	36	933.00	XLON	00392907511TRLO1
11 May 2026 12:35:05	4	931.50	XLON	00392907633TRLO1
11 May 2026 12:35:05	1	931.50	XLON	00392907634TRLO1
11 May 2026 12:35:05	1	931.50	XLON	00392907635TRLO1
11 May 2026 12:35:07	162	931.50	XLON	00392907638TRLO1
11 May 2026 12:37:48	28	932.50	XLON	00392907831TRLO1
11 May 2026 12:37:48	2	931.50	XLON	00392907832TRLO1
11 May 2026 12:43:43	32	932.00	XLON	00392908158TRLO1
11 May 2026 12:43:43	134	932.00	XLON	00392908159TRLO1
11 May 2026 12:51:26	1	931.00	XLON	00392908636TRLO1
11 May 2026 12:51:26	1	931.00	XLON	00392908637TRLO1
11 May 2026 12:52:25	6	931.00	XLON	00392908678TRLO1
11 May 2026 12:52:25	1	931.00	XLON	00392908679TRLO1
11 May 2026 13:02:09	15	932.50	XLON	00392909133TRLO1
11 May 2026 13:02:12	166	932.00	XLON	00392909138TRLO1
11 May 2026 13:12:00	13	932.00	XLON	00392909435TRLO1
11 May 2026 13:12:00	21	932.00	XLON	00392909436TRLO1
11 May 2026 13:12:00	40	932.00	XLON	00392909437TRLO1
11 May 2026 13:12:06	80	931.00	XLON	00392909443TRLO1
11 May 2026 13:13:12	80	931.00	XLON	00392909491TRLO1
11 May 2026 13:14:44	167	931.00	XLON	00392909545TRLO1
11 May 2026 13:16:25	12	932.50	XLON	00392909627TRLO1
11 May 2026 13:16:39	391	933.00	XLON	00392909633TRLO1
11 May 2026 13:19:55	175	934.00	XLON	00392909746TRLO1
11 May 2026 13:29:05	167	934.00	XLON	00392910073TRLO1
11 May 2026 13:39:15	101	933.50	XLON	00392910481TRLO1
11 May 2026 13:39:21	173	934.00	XLON	00392910500TRLO1
11 May 2026 13:41:56	79	932.50	XLON	00392910580TRLO1
11 May 2026 13:52:19	175	933.00	XLON	00392911041TRLO1
11 May 2026 13:52:44	54	932.50	XLON	00392911050TRLO1
11 May 2026 13:52:50	91	933.00	XLON	00392911059TRLO1
11 May 2026 14:15:41	176	934.00	XLON	00392912176TRLO1
11 May 2026 14:16:00	56	933.50	XLON	00392912187TRLO1
11 May 2026 14:16:00	120	933.50	XLON	00392912188TRLO1
11 May 2026 14:23:22	169	932.50	XLON	00392912495TRLO1
11 May 2026 14:24:00	176	932.00	XLON	00392912514TRLO1
11 May 2026 14:29:32	168	931.50	XLON	00392912783TRLO1
11 May 2026 14:29:33	174	931.00	XLON	00392912784TRLO1
11 May 2026 14:35:32	171	930.00	XLON	00392913439TRLO1
11 May 2026 14:39:28	178	928.50	XLON	00392913552TRLO1
11 May 2026 14:40:06	44	929.00	XLON	00392913571TRLO1
11 May 2026 14:40:06	28	929.00	XLON	00392913572TRLO1
11 May 2026 14:40:06	28	929.00	XLON	00392913573TRLO1
11 May 2026 14:40:06	76	929.00	XLON	00392913574TRLO1
11 May 2026 14:40:11	176	928.50	XLON	00392913587TRLO1
11 May 2026 14:41:39	92	928.50	XLON	00392913732TRLO1
11 May 2026 14:47:41	56	930.00	XLON	00392914182TRLO1
11 May 2026 14:51:13	168	929.50	XLON	00392914582TRLO1
11 May 2026 14:59:56	175	929.50	XLON	00392915235TRLO1
11 May 2026 15:05:19	163	929.00	XLON	00392915584TRLO1
11 May 2026 15:05:19	16	929.00	XLON	00392915585TRLO1
11 May 2026 15:05:40	92	928.50	XLON	00392915605TRLO1
11 May 2026 15:05:40	74	928.50	XLON	00392915606TRLO1
11 May 2026 15:07:17	167	928.50	XLON	00392915692TRLO1
11 May 2026 15:10:06	92	928.50	XLON	00392915816TRLO1
11 May 2026 15:10:25	79	928.50	XLON	00392915871TRLO1
11 May 2026 15:10:25	92	928.50	XLON	00392915872TRLO1
11 May 2026 15:20:58	19	928.00	XLON	00392916744TRLO1
11 May 2026 15:23:46	165	928.00	XLON	00392916875TRLO1
11 May 2026 15:24:31	177	929.00	XLON	00392916918TRLO1
11 May 2026 15:28:15	120	928.00	XLON	00392917289TRLO1
11 May 2026 15:29:33	56	928.00	XLON	00392917416TRLO1
11 May 2026 15:29:33	120	928.00	XLON	00392917417TRLO1
11 May 2026 15:29:33	178	927.50	XLON	00392917418TRLO1
11 May 2026 15:29:33	178	927.00	XLON	00392917419TRLO1
11 May 2026 15:32:08	173	926.00	XLON	00392917780TRLO1
11 May 2026 15:35:00	172	925.50	XLON	00392918040TRLO1
11 May 2026 15:35:00	166	924.50	XLON	00392918042TRLO1
11 May 2026 15:35:00	165	924.50	XLON	00392918043TRLO1
11 May 2026 15:49:00	167	923.50	XLON	00392918834TRLO1
11 May 2026 15:49:00	400	924.00	XLON	00392918835TRLO1
11 May 2026 15:49:00	94	924.00	XLON	00392918836TRLO1
11 May 2026 15:49:00	99	924.50	XLON	00392918837TRLO1
11 May 2026 15:49:01	106	924.00	XLON	00392918838TRLO1
11 May 2026 15:49:01	73	924.00	XLON	00392918839TRLO1
11 May 2026 15:53:46	52	924.50	XLON	00392919103TRLO1
11 May 2026 15:53:46	44	924.50	XLON	00392919104TRLO1
11 May 2026 15:53:46	173	923.50	XLON	00392919105TRLO1
11 May 2026 15:53:47	173	923.50	XLON	00392919106TRLO1
11 May 2026 15:55:08	99	924.50	XLON	00392919180TRLO1
11 May 2026 15:55:43	400	924.50	XLON	00392919192TRLO1
11 May 2026 15:55:43	168	924.50	XLON	00392919193TRLO1
11 May 2026 15:55:43	36	924.50	XLON	00392919194TRLO1
11 May 2026 15:55:43	167	924.00	XLON	00392919195TRLO1
11 May 2026 16:01:50	168	924.50	XLON	00392919444TRLO1
11 May 2026 16:04:04	167	924.00	XLON	00392919614TRLO1
11 May 2026 16:04:04	97	924.00	XLON	00392919615TRLO1
11 May 2026 16:04:04	6	924.00	XLON	00392919616TRLO1
11 May 2026 16:04:04	67	924.50	XLON	00392919617TRLO1
11 May 2026 16:04:14	164	925.00	XLON	00392919622TRLO1
11 May 2026 16:04:19	96	925.00	XLON	00392919627TRLO1
11 May 2026 16:04:52	176	925.00	XLON	00392919657TRLO1
11 May 2026 16:06:55	96	925.50	XLON	00392919868TRLO1
11 May 2026 16:07:00	169	925.50	XLON	00392919881TRLO1
11 May 2026 16:09:39	187	926.50	XLON	00392920092TRLO1
11 May 2026 16:11:17	164	926.00	XLON	00392920156TRLO1
11 May 2026 16:14:58	174	926.00	XLON	00392920343TRLO1
11 May 2026 16:18:00	171	926.50	XLON	00392920601TRLO1

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 / Alice Lane / Benjamin Cryer	[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