Transaction in Own Shares

Gamma Communications PLC

10 July 2026

 

10 July 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:	9 July 2026
Number of ordinary shares purchased:	17,616
Lowest price per share (pence):	866.00
Highest price per share (pence):	892.50
Weighted average price per day (pence):	881.2572

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,630,242 ordinary shares since the commencement of the buyback programme and will have 91,134,109 ordinary shares in issue. There are 1,524,392 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,609,717 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 89,609,717 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	881.2572	17,616	866.00	892.50

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
09 July 2026 08:03:54	90	887.00	XLON	00405658453TRLO1
09 July 2026 08:03:54	93	886.00	XLON	00405658454TRLO1
09 July 2026 08:18:40	99	889.00	XLON	00405674959TRLO1
09 July 2026 08:22:22	91	890.00	XLON	00405677704TRLO1
09 July 2026 08:28:00	97	890.00	XLON	00405682615TRLO1
09 July 2026 08:32:56	73	888.50	XLON	00405687060TRLO1
09 July 2026 08:33:01	27	889.00	XLON	00405687127TRLO1
09 July 2026 08:35:05	34	890.00	XLON	00405689116TRLO1
09 July 2026 08:35:05	64	890.00	XLON	00405689117TRLO1
09 July 2026 08:35:05	96	889.00	XLON	00405689118TRLO1
09 July 2026 08:35:44	97	887.00	XLON	00405689581TRLO1
09 July 2026 08:39:15	91	886.50	XLON	00405692570TRLO1
09 July 2026 08:39:15	193	886.00	XLON	00405692571TRLO1
09 July 2026 08:40:03	98	883.50	XLON	00405693191TRLO1
09 July 2026 08:40:04	94	882.00	XLON	00405693204TRLO1
09 July 2026 08:45:18	192	878.00	XLON	00405697863TRLO1
09 July 2026 08:49:02	182	882.50	XLON	00405701887TRLO1
09 July 2026 08:52:26	181	881.50	XLON	00405704529TRLO1
09 July 2026 09:03:39	28	881.50	XLON	00405714289TRLO1
09 July 2026 09:06:37	68	881.50	XLON	00405717437TRLO1
09 July 2026 09:06:37	28	881.50	XLON	00405717438TRLO1
09 July 2026 09:06:37	96	881.50	XLON	00405717439TRLO1
09 July 2026 09:08:29	97	881.00	XLON	00405718904TRLO1
09 July 2026 09:10:12	96	881.00	XLON	00405720359TRLO1
09 July 2026 09:10:12	92	881.00	XLON	00405720360TRLO1
09 July 2026 09:12:55	61	881.50	XLON	00405722714TRLO1
09 July 2026 09:12:55	35	881.50	XLON	00405722715TRLO1
09 July 2026 09:12:55	90	881.50	XLON	00405722716TRLO1
09 July 2026 09:12:55	92	880.50	XLON	00405722717TRLO1
09 July 2026 09:16:19	92	881.00	XLON	00405725959TRLO1
09 July 2026 09:18:34	83	882.50	XLON	00405727642TRLO1
09 July 2026 09:18:34	4	882.50	XLON	00405727643TRLO1
09 July 2026 09:18:34	5	882.50	XLON	00405727644TRLO1
09 July 2026 09:18:46	365	881.50	XLON	00405727787TRLO1
09 July 2026 09:19:08	279	881.00	XLON	00405728177TRLO1
09 July 2026 09:31:16	381	881.00	XLON	00405738636TRLO1
09 July 2026 09:34:45	197	880.50	XLON	00405741821TRLO1
09 July 2026 09:34:56	190	880.50	XLON	00405741924TRLO1
09 July 2026 09:34:56	279	880.00	XLON	00405741925TRLO1
09 July 2026 09:46:50	91	878.50	XLON	00405755544TRLO1
09 July 2026 09:46:50	91	878.50	XLON	00405755545TRLO1
09 July 2026 09:46:55	24	878.50	XLON	00405755652TRLO1
09 July 2026 09:48:46	162	878.50	XLON	00405758451TRLO1
09 July 2026 09:48:46	24	878.50	XLON	00405758452TRLO1
09 July 2026 09:50:39	196	878.00	XLON	00405760743TRLO1
09 July 2026 09:50:39	98	878.00	XLON	00405760744TRLO1
09 July 2026 09:59:23	462	880.00	XLON	00405771182TRLO1
09 July 2026 10:00:05	198	879.50	XLON	00405772034TRLO1
09 July 2026 10:00:32	99	879.50	XLON	00405772520TRLO1
09 July 2026 10:28:56	180	878.50	XLON	00405809393TRLO1
09 July 2026 10:28:56	185	878.50	XLON	00405809394TRLO1
09 July 2026 10:28:56	197	878.50	XLON	00405809395TRLO1
09 July 2026 10:29:44	255	878.00	XLON	00405810749TRLO1
09 July 2026 10:29:44	90	878.00	XLON	00405810750TRLO1
09 July 2026 10:29:44	197	878.00	XLON	00405810751TRLO1
09 July 2026 10:30:08	6	878.00	XLON	00405811573TRLO1
09 July 2026 10:30:08	448	878.00	XLON	00405811574TRLO1
09 July 2026 10:37:07	380	878.00	XLON	00405820411TRLO1
09 July 2026 10:37:15	95	877.50	XLON	00405820566TRLO1
09 July 2026 10:37:17	98	874.50	XLON	00405820606TRLO1
09 July 2026 10:38:24	98	873.50	XLON	00405821827TRLO1
09 July 2026 10:48:27	28	874.50	XLON	00405832838TRLO1
09 July 2026 10:51:15	93	879.00	XLON	00405835743TRLO1
09 July 2026 10:51:15	93	879.00	XLON	00405835744TRLO1
09 July 2026 10:51:31	93	877.50	XLON	00405835990TRLO1
09 July 2026 10:54:38	98	874.00	XLON	00405840562TRLO1
09 July 2026 11:00:04	98	873.50	XLON	00405844548TRLO1
09 July 2026 11:05:09	94	878.50	XLON	00405844794TRLO1
09 July 2026 11:07:30	92	879.50	XLON	00405844878TRLO1
09 July 2026 11:16:10	92	878.50	XLON	00405845233TRLO1
09 July 2026 11:26:04	53	879.50	XLON	00405845766TRLO1
09 July 2026 11:26:04	40	879.50	XLON	00405845767TRLO1
09 July 2026 11:29:54	2	879.00	XLON	00405845896TRLO1
09 July 2026 11:31:21	2	879.50	XLON	00405845977TRLO1
09 July 2026 11:31:21	91	879.50	XLON	00405845978TRLO1
09 July 2026 11:32:17	71	879.00	XLON	00405846019TRLO1
09 July 2026 11:40:49	23	880.50	XLON	00405846719TRLO1
09 July 2026 11:40:50	49	880.50	XLON	00405846720TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846722TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846723TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846724TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846725TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846726TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846727TRLO1
09 July 2026 11:40:51	26	880.50	XLON	00405846728TRLO1
09 July 2026 11:40:51	95	880.00	XLON	00405846729TRLO1
09 July 2026 11:41:20	15	879.50	XLON	00405846989TRLO1
09 July 2026 11:41:20	21	879.50	XLON	00405846990TRLO1
09 July 2026 11:42:56	92	880.00	XLON	00405847075TRLO1
09 July 2026 11:45:57	93	880.00	XLON	00405847208TRLO1
09 July 2026 11:45:59	98	879.50	XLON	00405847209TRLO1
09 July 2026 11:45:59	98	879.00	XLON	00405847210TRLO1
09 July 2026 11:46:48	98	878.50	XLON	00405847239TRLO1
09 July 2026 11:46:48	96	878.00	XLON	00405847240TRLO1
09 July 2026 11:46:52	96	878.00	XLON	00405847242TRLO1
09 July 2026 11:46:52	91	878.00	XLON	00405847243TRLO1
09 July 2026 11:47:55	181	878.00	XLON	00405847278TRLO1
09 July 2026 11:47:57	96	876.00	XLON	00405847280TRLO1
09 July 2026 11:48:23	91	875.50	XLON	00405847295TRLO1
09 July 2026 11:49:13	92	872.50	XLON	00405847332TRLO1
09 July 2026 12:05:51	97	867.50	XLON	00405847999TRLO1
09 July 2026 12:06:03	96	866.50	XLON	00405848005TRLO1
09 July 2026 12:06:04	38	866.00	XLON	00405848006TRLO1
09 July 2026 12:06:04	57	866.00	XLON	00405848007TRLO1
09 July 2026 12:21:27	94	875.50	XLON	00405848419TRLO1
09 July 2026 12:21:27	99	874.50	XLON	00405848420TRLO1
09 July 2026 12:30:07	197	875.00	XLON	00405848665TRLO1
09 July 2026 12:30:10	181	874.00	XLON	00405848666TRLO1
09 July 2026 12:30:10	138	873.50	XLON	00405848667TRLO1
09 July 2026 12:30:10	59	873.50	XLON	00405848668TRLO1
09 July 2026 12:46:09	92	880.50	XLON	00405849113TRLO1
09 July 2026 12:46:09	181	880.00	XLON	00405849114TRLO1
09 July 2026 12:47:58	92	880.00	XLON	00405849169TRLO1
09 July 2026 12:54:56	93	880.00	XLON	00405849378TRLO1
09 July 2026 13:00:11	190	880.50	XLON	00405849574TRLO1
09 July 2026 13:03:45	193	880.00	XLON	00405849810TRLO1
09 July 2026 13:03:45	96	880.00	XLON	00405849811TRLO1
09 July 2026 13:21:02	275	880.00	XLON	00405851749TRLO1
09 July 2026 13:29:50	279	880.00	XLON	00405852457TRLO1
09 July 2026 13:36:14	393	880.50	XLON	00405853314TRLO1
09 July 2026 13:40:25	84	882.00	XLON	00405853643TRLO1
09 July 2026 13:43:00	14	882.00	XLON	00405853698TRLO1
09 July 2026 13:43:00	84	882.00	XLON	00405853699TRLO1
09 July 2026 13:49:50	93	883.50	XLON	00405854079TRLO1
09 July 2026 13:56:01	73	882.00	XLON	00405854338TRLO1
09 July 2026 13:56:01	83	881.50	XLON	00405854339TRLO1
09 July 2026 14:04:02	96	883.00	XLON	00405854737TRLO1
09 July 2026 14:05:35	35	882.00	XLON	00405854845TRLO1
09 July 2026 14:11:13	86	884.00	XLON	00405855075TRLO1
09 July 2026 14:11:39	99	885.00	XLON	00405855085TRLO1
09 July 2026 14:24:19	195	884.50	XLON	00405855567TRLO1
09 July 2026 14:24:36	188	885.00	XLON	00405855590TRLO1
09 July 2026 14:26:21	137	884.50	XLON	00405855717TRLO1
09 July 2026 14:27:01	98	884.50	XLON	00405855753TRLO1
09 July 2026 14:32:34	198	883.00	XLON	00405856138TRLO1
09 July 2026 14:32:34	98	883.00	XLON	00405856139TRLO1
09 July 2026 14:37:00	187	883.50	XLON	00405856597TRLO1
09 July 2026 14:41:09	97	886.00	XLON	00405856864TRLO1
09 July 2026 14:41:09	193	886.00	XLON	00405856865TRLO1
09 July 2026 14:48:07	272	892.50	XLON	00405857770TRLO1
09 July 2026 15:17:07	92	892.50	XLON	00405860505TRLO1
09 July 2026 15:21:49	91	892.50	XLON	00405860958TRLO1
09 July 2026 15:21:49	91	892.50	XLON	00405860959TRLO1
09 July 2026 15:24:51	91	892.50	XLON	00405861289TRLO1
09 July 2026 15:24:51	99	892.00	XLON	00405861290TRLO1
09 July 2026 15:28:39	184	891.00	XLON	00405861633TRLO1
09 July 2026 15:35:04	273	891.50	XLON	00405862356TRLO1
09 July 2026 15:41:39	282	892.50	XLON	00405862939TRLO1
09 July 2026 15:52:40	192	892.50	XLON	00405863756TRLO1

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