Transaction in Own Shares

Gamma Communications PLC

13 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

13 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:	12 May 2026
Number of ordinary shares purchased:	22,917
Lowest price per share (pence):	894.00
Highest price per share (pence):	918.00
Weighted average price per day (pence):	903.7743

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,640,425 ordinary shares since the commencement of the buyback programme and will have 92,123,926 ordinary shares in issue. There are 1,578,525 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,545,401 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 90,545,401 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	903.7743	22,917	894.00	918.00

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
12 May 2026 08:04:58	164	918.00	XLON	00392964323TRLO1
12 May 2026 08:15:15	24	911.50	XLON	00392971704TRLO1
12 May 2026 08:24:20	84	912.50	XLON	00392979510TRLO1
12 May 2026 08:30:01	81	912.00	XLON	00392984213TRLO1
12 May 2026 08:48:27	165	916.00	XLON	00392995966TRLO1
12 May 2026 08:48:29	177	915.00	XLON	00392995995TRLO1
12 May 2026 08:49:45	169	913.50	XLON	00392996671TRLO1
12 May 2026 09:03:29	107	914.00	XLON	00393003944TRLO1
12 May 2026 09:03:29	58	914.00	XLON	00393003943TRLO1
12 May 2026 09:05:47	95	913.50	XLON	00393005222TRLO1
12 May 2026 09:05:47	81	913.50	XLON	00393005221TRLO1
12 May 2026 09:12:01	164	914.50	XLON	00393008308TRLO1
12 May 2026 09:12:03	176	912.50	XLON	00393008339TRLO1
12 May 2026 09:17:54	176	914.00	XLON	00393011016TRLO1
12 May 2026 09:17:54	167	913.00	XLON	00393011018TRLO1
12 May 2026 09:17:54	167	912.50	XLON	00393011019TRLO1
12 May 2026 09:24:26	169	911.50	XLON	00393013211TRLO1
12 May 2026 09:30:28	53	910.00	XLON	00393015492TRLO1
12 May 2026 09:34:46	118	909.00	XLON	00393017305TRLO1
12 May 2026 09:34:46	53	909.00	XLON	00393017304TRLO1
12 May 2026 09:36:57	169	907.50	XLON	00393018218TRLO1
12 May 2026 09:45:25	30	907.50	XLON	00393022389TRLO1
12 May 2026 09:45:25	14	907.50	XLON	00393022388TRLO1
12 May 2026 09:46:54	19	907.50	XLON	00393023125TRLO1
12 May 2026 09:52:07	509	910.00	XLON	00393026349TRLO1
12 May 2026 09:52:36	11	908.00	XLON	00393026703TRLO1
12 May 2026 09:57:37	159	907.50	XLON	00393029828TRLO1
12 May 2026 09:57:37	11	907.50	XLON	00393029827TRLO1
12 May 2026 09:59:56	14	907.50	XLON	00393030970TRLO1
12 May 2026 10:04:03	173	907.00	XLON	00393033723TRLO1
12 May 2026 10:12:03	178	907.50	XLON	00393038246TRLO1
12 May 2026 10:19:12	21	910.00	XLON	00393041035TRLO1
12 May 2026 10:19:12	30	910.00	XLON	00393041034TRLO1
12 May 2026 10:19:12	18	910.00	XLON	00393041033TRLO1
12 May 2026 10:20:57	19	910.00	XLON	00393042013TRLO1
12 May 2026 10:31:17	177	909.50	XLON	00393050691TRLO1
12 May 2026 10:31:46	20	909.50	XLON	00393051578TRLO1
12 May 2026 10:33:28	89	909.50	XLON	00393054284TRLO1
12 May 2026 10:37:45	167	908.50	XLON	00393059093TRLO1
12 May 2026 10:37:45	168	907.50	XLON	00393059094TRLO1
12 May 2026 10:41:56	85	911.00	XLON	00393064218TRLO1
12 May 2026 10:41:56	85	911.00	XLON	00393064219TRLO1
12 May 2026 10:41:56	168	910.00	XLON	00393064227TRLO1
12 May 2026 10:45:55	172	909.00	XLON	00393068961TRLO1
12 May 2026 10:46:32	10	909.00	XLON	00393069846TRLO1
12 May 2026 10:46:32	30	909.00	XLON	00393069845TRLO1
12 May 2026 10:46:33	91	909.50	XLON	00393069849TRLO1
12 May 2026 10:46:33	17	909.50	XLON	00393069851TRLO1
12 May 2026 10:46:33	33	909.50	XLON	00393069850TRLO1
12 May 2026 10:46:33	129	908.00	XLON	00393069855TRLO1
12 May 2026 10:46:33	37	908.00	XLON	00393069854TRLO1
12 May 2026 11:01:53	172	909.50	XLON	00393082060TRLO1
12 May 2026 11:01:53	172	909.00	XLON	00393082059TRLO1
12 May 2026 11:01:58	61	909.50	XLON	00393082063TRLO1
12 May 2026 11:01:58	223	909.50	XLON	00393082062TRLO1
12 May 2026 11:10:03	51	910.00	XLON	00393082523TRLO1
12 May 2026 11:10:03	100	910.00	XLON	00393082522TRLO1
12 May 2026 11:16:35	171	909.50	XLON	00393082836TRLO1
12 May 2026 11:26:20	166	908.00	XLON	00393083514TRLO1
12 May 2026 11:32:16	38	911.00	XLON	00393083934TRLO1
12 May 2026 11:32:50	5	911.00	XLON	00393083989TRLO1
12 May 2026 11:32:50	540	911.00	XLON	00393083988TRLO1
12 May 2026 11:33:00	96	909.50	XLON	00393083999TRLO1
12 May 2026 11:33:00	68	909.50	XLON	00393083998TRLO1
12 May 2026 11:39:59	170	909.00	XLON	00393085181TRLO1
12 May 2026 11:45:01	179	907.50	XLON	00393085418TRLO1
12 May 2026 11:49:00	179	907.00	XLON	00393085579TRLO1
12 May 2026 12:10:12	43	910.50	XLON	00393086539TRLO1
12 May 2026 12:10:14	164	910.00	XLON	00393086542TRLO1
12 May 2026 12:16:41	169	909.50	XLON	00393086837TRLO1
12 May 2026 12:16:41	21	909.50	XLON	00393086839TRLO1
12 May 2026 12:16:41	23	909.50	XLON	00393086838TRLO1
12 May 2026 12:18:36	41	909.50	XLON	00393086964TRLO1
12 May 2026 12:18:37	177	908.50	XLON	00393086967TRLO1
12 May 2026 12:23:40	180	907.50	XLON	00393087245TRLO1
12 May 2026 12:40:25	165	907.50	XLON	00393088214TRLO1
12 May 2026 12:40:25	79	908.00	XLON	00393088218TRLO1
12 May 2026 12:40:25	32	908.00	XLON	00393088217TRLO1
12 May 2026 12:40:25	15	908.00	XLON	00393088216TRLO1
12 May 2026 12:40:25	39	908.00	XLON	00393088215TRLO1
12 May 2026 12:48:00	24	908.00	XLON	00393088604TRLO1
12 May 2026 12:48:03	24	908.00	XLON	00393088607TRLO1
12 May 2026 12:48:03	164	907.00	XLON	00393088608TRLO1
12 May 2026 12:52:13	20	907.00	XLON	00393088747TRLO1
12 May 2026 12:52:13	24	907.00	XLON	00393088746TRLO1
12 May 2026 12:52:13	174	906.00	XLON	00393088748TRLO1
12 May 2026 12:52:51	174	905.00	XLON	00393088763TRLO1
12 May 2026 13:07:51	170	902.50	XLON	00393089489TRLO1
12 May 2026 13:23:26	175	903.50	XLON	00393090134TRLO1
12 May 2026 13:30:02	177	905.00	XLON	00393090361TRLO1
12 May 2026 13:30:02	168	905.00	XLON	00393090362TRLO1
12 May 2026 13:30:50	29	905.00	XLON	00393090429TRLO1
12 May 2026 13:31:03	42	905.00	XLON	00393090440TRLO1
12 May 2026 13:31:03	24	905.00	XLON	00393090439TRLO1
12 May 2026 13:39:53	171	906.00	XLON	00393090748TRLO1
12 May 2026 13:46:21	43	905.50	XLON	00393091029TRLO1
12 May 2026 13:46:21	29	905.50	XLON	00393091028TRLO1
12 May 2026 14:01:02	171	904.50	XLON	00393091732TRLO1
12 May 2026 14:06:00	169	904.50	XLON	00393092004TRLO1
12 May 2026 14:06:38	169	904.50	XLON	00393092026TRLO1
12 May 2026 14:07:27	7	904.00	XLON	00393092083TRLO1
12 May 2026 14:16:30	49	904.00	XLON	00393092454TRLO1
12 May 2026 14:16:30	288	904.00	XLON	00393092453TRLO1
12 May 2026 14:16:30	173	903.50	XLON	00393092455TRLO1
12 May 2026 14:16:30	167	903.00	XLON	00393092457TRLO1
12 May 2026 14:16:30	6	903.00	XLON	00393092456TRLO1
12 May 2026 14:16:30	174	902.50	XLON	00393092458TRLO1
12 May 2026 14:19:53	174	900.00	XLON	00393092621TRLO1
12 May 2026 14:19:53	173	900.00	XLON	00393092620TRLO1
12 May 2026 14:19:53	1,390	900.00	XLON	00393092619TRLO1
12 May 2026 14:19:53	40	900.50	XLON	00393092623TRLO1
12 May 2026 14:19:53	211	900.50	XLON	00393092622TRLO1
12 May 2026 14:23:36	166	900.00	XLON	00393092779TRLO1
12 May 2026 14:23:36	167	900.00	XLON	00393092778TRLO1
12 May 2026 14:23:36	327	899.50	XLON	00393092780TRLO1
12 May 2026 14:33:26	170	899.50	XLON	00393093606TRLO1
12 May 2026 14:38:46	176	899.00	XLON	00393094135TRLO1
12 May 2026 14:38:48	178	897.00	XLON	00393094140TRLO1
12 May 2026 14:38:48	100	896.50	XLON	00393094141TRLO1
12 May 2026 14:46:17	179	898.50	XLON	00393094819TRLO1
12 May 2026 14:48:14	137	899.00	XLON	00393094933TRLO1
12 May 2026 14:48:14	19	899.00	XLON	00393094932TRLO1
12 May 2026 14:48:14	19	899.00	XLON	00393094931TRLO1
12 May 2026 14:48:14	1	899.00	XLON	00393094930TRLO1
12 May 2026 14:49:51	179	900.50	XLON	00393095017TRLO1
12 May 2026 14:53:41	92	898.50	XLON	00393095441TRLO1
12 May 2026 14:54:24	17	899.50	XLON	00393095478TRLO1
12 May 2026 14:54:24	10	899.50	XLON	00393095477TRLO1
12 May 2026 14:54:24	8	899.50	XLON	00393095476TRLO1
12 May 2026 14:54:24	24	899.50	XLON	00393095475TRLO1
12 May 2026 14:54:39	91	899.50	XLON	00393095488TRLO1
12 May 2026 14:54:39	68	899.50	XLON	00393095487TRLO1
12 May 2026 14:55:22	171	898.50	XLON	00393095553TRLO1
12 May 2026 14:56:19	164	897.50	XLON	00393095612TRLO1
12 May 2026 14:57:05	17	897.00	XLON	00393095680TRLO1
12 May 2026 14:57:05	156	897.00	XLON	00393095679TRLO1
12 May 2026 14:57:07	19	895.50	XLON	00393095687TRLO1
12 May 2026 14:57:07	145	895.00	XLON	00393095686TRLO1
12 May 2026 14:57:53	23	894.50	XLON	00393095761TRLO1
12 May 2026 14:57:53	56	894.50	XLON	00393095760TRLO1
12 May 2026 14:57:53	61	894.50	XLON	00393095759TRLO1
12 May 2026 14:57:53	29	894.50	XLON	00393095758TRLO1
12 May 2026 14:58:07	91	894.50	XLON	00393095775TRLO1
12 May 2026 14:58:07	54	894.50	XLON	00393095774TRLO1
12 May 2026 15:03:10	12	894.50	XLON	00393096182TRLO1
12 May 2026 15:06:13	166	894.00	XLON	00393096423TRLO1
12 May 2026 15:10:12	173	894.50	XLON	00393096689TRLO1
12 May 2026 15:15:16	165	894.50	XLON	00393097146TRLO1
12 May 2026 15:16:05	167	895.50	XLON	00393097206TRLO1
12 May 2026 15:17:31	165	895.50	XLON	00393097297TRLO1
12 May 2026 15:19:00	8	896.00	XLON	00393097411TRLO1
12 May 2026 15:19:00	4	896.00	XLON	00393097410TRLO1
12 May 2026 15:19:19	174	895.50	XLON	00393097428TRLO1
12 May 2026 15:19:45	165	894.50	XLON	00393097462TRLO1
12 May 2026 15:21:39	2	896.50	XLON	00393097628TRLO1
12 May 2026 15:24:25	174	897.00	XLON	00393097827TRLO1
12 May 2026 15:25:12	28	898.00	XLON	00393097908TRLO1
12 May 2026 15:26:13	202	900.50	XLON	00393098002TRLO1
12 May 2026 15:26:18	171	899.00	XLON	00393098017TRLO1
12 May 2026 15:26:50	167	899.00	XLON	00393098058TRLO1
12 May 2026 15:26:50	64	899.50	XLON	00393098059TRLO1
12 May 2026 15:26:56	67	899.50	XLON	00393098064TRLO1
12 May 2026 15:26:56	34	899.50	XLON	00393098063TRLO1
12 May 2026 15:27:06	66	899.50	XLON	00393098069TRLO1
12 May 2026 15:27:06	33	899.50	XLON	00393098068TRLO1
12 May 2026 15:27:06	47	899.00	XLON	00393098070TRLO1
12 May 2026 15:27:10	47	899.00	XLON	00393098072TRLO1
12 May 2026 15:27:10	127	899.00	XLON	00393098071TRLO1
12 May 2026 15:27:58	28	900.00	XLON	00393098109TRLO1
12 May 2026 15:27:58	172	899.50	XLON	00393098110TRLO1
12 May 2026 15:31:22	172	899.00	XLON	00393098435TRLO1
12 May 2026 15:35:18	32	900.50	XLON	00393098786TRLO1
12 May 2026 15:35:26	51	900.50	XLON	00393098796TRLO1
12 May 2026 15:35:26	187	900.50	XLON	00393098795TRLO1
12 May 2026 15:35:29	166	900.00	XLON	00393098802TRLO1
12 May 2026 15:36:48	170	900.00	XLON	00393098903TRLO1
12 May 2026 15:38:34	165	899.50	XLON	00393099065TRLO1
12 May 2026 15:38:48	178	899.00	XLON	00393099087TRLO1
12 May 2026 15:43:04	66	900.00	XLON	00393099459TRLO1
12 May 2026 15:43:04	113	900.00	XLON	00393099460TRLO1
12 May 2026 15:43:06	112	899.50	XLON	00393099461TRLO1
12 May 2026 15:43:06	52	899.50	XLON	00393099462TRLO1
12 May 2026 15:43:09	52	899.00	XLON	00393099464TRLO1
12 May 2026 15:43:09	112	899.00	XLON	00393099463TRLO1
12 May 2026 15:47:55	168	900.00	XLON	00393099809TRLO1
12 May 2026 15:48:02	168	899.00	XLON	00393099812TRLO1
12 May 2026 15:53:53	39	897.50	XLON	00393100253TRLO1
12 May 2026 15:53:53	39	897.50	XLON	00393100252TRLO1
12 May 2026 15:53:53	49	897.50	XLON	00393100251TRLO1
12 May 2026 15:53:53	48	897.50	XLON	00393100250TRLO1
12 May 2026 15:55:56	178	899.00	XLON	00393100443TRLO1
12 May 2026 15:56:47	173	898.50	XLON	00393100546TRLO1
12 May 2026 16:00:19	29	897.50	XLON	00393100850TRLO1
12 May 2026 16:00:19	142	897.50	XLON	00393100849TRLO1
12 May 2026 16:02:03	171	897.00	XLON	00393101039TRLO1
12 May 2026 16:10:58	175	896.00	XLON	00393102040TRLO1
12 May 2026 16:14:37	171	896.00	XLON	00393102347TRLO1
12 May 2026 16:18:49	164	895.50	XLON	00393103029TRLO1

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