Transaction in Own Shares

Gamma Communications PLC

08 June 2026

 

8 June 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                    

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:	5 June 2026
Number of ordinary shares purchased:	23,081
Lowest price per share (pence):	938.00
Highest price per share (pence):	964.00
Weighted average price per day (pence):	951.4414

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,994,557 ordinary shares since the commencement of the buyback programme and will have 91,769,794 ordinary shares in issue. There are 1,552,152 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,217,642 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 90,217,642 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	951.4414	23,081	938.00	964.00

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
05 June 2026 08:05:13	261	956.00	XLON	00397353588TRLO1
05 June 2026 08:05:21	272	954.00	XLON	00397353622TRLO1
05 June 2026 08:31:23	97	956.50	XLON	00397364352TRLO1
05 June 2026 08:35:35	258	957.50	XLON	00397366484TRLO1
05 June 2026 08:51:43	266	960.00	XLON	00397375235TRLO1
05 June 2026 08:52:20	253	961.00	XLON	00397375551TRLO1
05 June 2026 08:52:20	253	961.50	XLON	00397375552TRLO1
05 June 2026 08:55:18	261	961.50	XLON	00397377306TRLO1
05 June 2026 08:56:54	271	961.50	XLON	00397378047TRLO1
05 June 2026 08:56:54	193	960.50	XLON	00397378049TRLO1
05 June 2026 09:02:54	258	961.50	XLON	00397381065TRLO1
05 June 2026 09:03:10	260	961.00	XLON	00397381199TRLO1
05 June 2026 09:08:27	265	959.50	XLON	00397383999TRLO1
05 June 2026 09:13:19	260	959.50	XLON	00397386289TRLO1
05 June 2026 09:20:17	256	959.00	XLON	00397389469TRLO1
05 June 2026 09:25:09	253	959.50	XLON	00397391480TRLO1
05 June 2026 09:37:25	258	964.00	XLON	00397397326TRLO1
05 June 2026 09:43:03	267	962.00	XLON	00397401400TRLO1
05 June 2026 09:56:47	259	962.00	XLON	00397410840TRLO1
05 June 2026 10:02:30	202	962.00	XLON	00397413696TRLO1
05 June 2026 10:02:30	62	962.00	XLON	00397413697TRLO1
05 June 2026 10:11:55	261	960.50	XLON	00397418555TRLO1
05 June 2026 10:18:02	148	961.00	XLON	00397423725TRLO1
05 June 2026 10:25:00	253	959.50	XLON	00397427629TRLO1
05 June 2026 10:31:30	262	959.50	XLON	00397433502TRLO1
05 June 2026 10:39:30	260	959.00	XLON	00397439484TRLO1
05 June 2026 10:44:00	257	958.50	XLON	00397443460TRLO1
05 June 2026 10:44:01	115	957.50	XLON	00397443482TRLO1
05 June 2026 10:56:30	265	956.50	XLON	00397451813TRLO1
05 June 2026 11:06:18	273	956.50	XLON	00397453754TRLO1
05 June 2026 11:18:30	266	956.50	XLON	00397454352TRLO1
05 June 2026 11:28:30	268	956.00	XLON	00397455211TRLO1
05 June 2026 11:37:00	271	956.50	XLON	00397455536TRLO1
05 June 2026 11:39:01	153	956.00	XLON	00397455591TRLO1
05 June 2026 11:39:01	117	956.00	XLON	00397455592TRLO1
05 June 2026 11:55:41	272	955.00	XLON	00397456045TRLO1
05 June 2026 11:55:41	7	955.00	XLON	00397456046TRLO1
05 June 2026 11:55:41	264	955.00	XLON	00397456047TRLO1
05 June 2026 11:55:41	272	955.00	XLON	00397456048TRLO1
05 June 2026 12:01:34	128	953.00	XLON	00397456215TRLO1
05 June 2026 12:01:34	141	953.00	XLON	00397456216TRLO1
05 June 2026 12:09:14	253	952.00	XLON	00397456424TRLO1
05 June 2026 12:15:45	273	952.50	XLON	00397456593TRLO1
05 June 2026 12:19:38	264	951.50	XLON	00397456697TRLO1
05 June 2026 12:24:15	259	952.00	XLON	00397456794TRLO1
05 June 2026 12:35:15	271	954.00	XLON	00397457206TRLO1
05 June 2026 12:40:55	260	953.00	XLON	00397457453TRLO1
05 June 2026 12:46:15	250	952.50	XLON	00397457669TRLO1
05 June 2026 12:58:05	267	953.00	XLON	00397458039TRLO1
05 June 2026 13:08:45	264	952.50	XLON	00397458375TRLO1
05 June 2026 13:14:35	253	952.00	XLON	00397458554TRLO1
05 June 2026 13:24:25	254	953.00	XLON	00397458862TRLO1
05 June 2026 13:30:12	3	954.50	XLON	00397459145TRLO1
05 June 2026 13:30:12	24	954.50	XLON	00397459146TRLO1
05 June 2026 13:30:12	24	954.50	XLON	00397459147TRLO1
05 June 2026 13:30:16	20	954.50	XLON	00397459153TRLO1
05 June 2026 13:30:16	39	954.50	XLON	00397459154TRLO1
05 June 2026 13:30:16	142	954.50	XLON	00397459155TRLO1
05 June 2026 13:30:16	27	954.50	XLON	00397459156TRLO1
05 June 2026 13:30:43	252	953.50	XLON	00397459194TRLO1
05 June 2026 13:41:02	426	951.00	XLON	00397459744TRLO1
05 June 2026 13:45:56	270	950.00	XLON	00397459954TRLO1
05 June 2026 13:45:56	269	950.00	XLON	00397459955TRLO1
05 June 2026 13:49:58	12	950.00	XLON	00397460075TRLO1
05 June 2026 13:49:58	47	950.00	XLON	00397460076TRLO1
05 June 2026 13:49:58	46	950.00	XLON	00397460077TRLO1
05 June 2026 13:49:58	149	950.00	XLON	00397460078TRLO1
05 June 2026 13:56:00	267	949.00	XLON	00397460306TRLO1
05 June 2026 14:06:05	16	949.50	XLON	00397460835TRLO1
05 June 2026 14:06:05	242	949.50	XLON	00397460836TRLO1
05 June 2026 14:24:55	255	950.00	XLON	00397461828TRLO1
05 June 2026 14:31:07	67	950.50	XLON	00397462179TRLO1
05 June 2026 14:34:40	125	950.00	XLON	00397462389TRLO1
05 June 2026 14:34:40	13	950.00	XLON	00397462390TRLO1
05 June 2026 14:34:40	13	950.00	XLON	00397462391TRLO1
05 June 2026 14:34:40	110	950.00	XLON	00397462392TRLO1
05 June 2026 14:35:19	78	949.50	XLON	00397462431TRLO1
05 June 2026 14:35:19	144	949.50	XLON	00397462432TRLO1
05 June 2026 14:41:42	271	949.00	XLON	00397462875TRLO1
05 June 2026 14:42:13	271	946.50	XLON	00397462914TRLO1
05 June 2026 14:49:33	256	944.00	XLON	00397463521TRLO1
05 June 2026 14:49:38	167	944.00	XLON	00397463535TRLO1
05 June 2026 14:50:42	267	944.50	XLON	00397463658TRLO1
05 June 2026 14:52:57	257	945.50	XLON	00397463831TRLO1
05 June 2026 14:53:47	34	945.00	XLON	00397463875TRLO1
05 June 2026 14:53:47	204	945.00	XLON	00397463876TRLO1
05 June 2026 14:53:47	28	945.00	XLON	00397463877TRLO1
05 June 2026 14:55:38	253	944.00	XLON	00397464066TRLO1
05 June 2026 14:55:40	253	943.50	XLON	00397464067TRLO1
05 June 2026 14:55:40	18	943.50	XLON	00397464068TRLO1
05 June 2026 14:56:46	268	944.00	XLON	00397464131TRLO1
05 June 2026 14:57:32	266	943.50	XLON	00397464168TRLO1
05 June 2026 15:02:38	116	947.00	XLON	00397464527TRLO1
05 June 2026 15:02:38	122	947.00	XLON	00397464528TRLO1
05 June 2026 15:02:55	250	945.50	XLON	00397464542TRLO1
05 June 2026 15:03:19	266	944.50	XLON	00397464563TRLO1
05 June 2026 15:05:50	252	944.50	XLON	00397464778TRLO1
05 June 2026 15:08:59	260	943.00	XLON	00397464971TRLO1
05 June 2026 15:14:46	256	941.50	XLON	00397465337TRLO1
05 June 2026 15:17:43	267	941.50	XLON	00397465545TRLO1
05 June 2026 15:20:45	270	941.00	XLON	00397465707TRLO1
05 June 2026 15:27:49	88	942.00	XLON	00397466218TRLO1
05 June 2026 15:27:49	134	942.00	XLON	00397466219TRLO1
05 June 2026 15:30:12	258	943.00	XLON	00397466391TRLO1
05 June 2026 15:38:49	256	941.50	XLON	00397466958TRLO1
05 June 2026 15:44:30	90	942.00	XLON	00397467451TRLO1
05 June 2026 15:44:30	178	942.00	XLON	00397467452TRLO1
05 June 2026 15:47:20	257	942.00	XLON	00397467655TRLO1
05 June 2026 15:48:07	258	941.00	XLON	00397467742TRLO1
05 June 2026 15:49:17	33	940.00	XLON	00397467852TRLO1
05 June 2026 15:49:17	154	940.00	XLON	00397467853TRLO1
05 June 2026 15:49:26	253	939.00	XLON	00397467871TRLO1
05 June 2026 16:03:50	258	939.50	XLON	00397468591TRLO1
05 June 2026 16:05:44	273	940.00	XLON	00397468703TRLO1
05 June 2026 16:11:04	85	939.00	XLON	00397469205TRLO1
05 June 2026 16:11:04	178	939.00	XLON	00397469206TRLO1
05 June 2026 16:16:23	270	938.00	XLON	00397469804TRLO1

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