Transaction in Own Shares

Gamma Communications PLC

13 July 2026

 

13 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:	10 July 2026
Number of ordinary shares purchased:	19,522
Lowest price per share (pence):	883.00
Highest price per share (pence):	893.00
Weighted average price per day (pence):	887.7085

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,649,764 ordinary shares since the commencement of the buyback programme and will have 91,114,587 ordinary shares in issue. There are 1,524,392 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,590,195 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 89,590,195 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	887.7085	19,522	883.00	893.00

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
10 July 2026 08:10:05	97	892.00	XLON	00405965456TRLO1
10 July 2026 08:10:05	80	891.00	XLON	00405965457TRLO1
10 July 2026 08:10:05	74	890.50	XLON	00405965458TRLO1
10 July 2026 08:10:05	77	890.50	XLON	00405965459TRLO1
10 July 2026 08:10:05	67	891.00	XLON	00405965460TRLO1
10 July 2026 08:10:05	10	891.00	XLON	00405965461TRLO1
10 July 2026 08:17:21	92	892.50	XLON	00405969612TRLO1
10 July 2026 08:17:21	92	892.50	XLON	00405969613TRLO1
10 July 2026 08:19:31	92	893.00	XLON	00405970447TRLO1
10 July 2026 08:19:32	92	893.00	XLON	00405970450TRLO1
10 July 2026 08:19:35	90	892.50	XLON	00405970464TRLO1
10 July 2026 08:22:10	97	892.00	XLON	00405972199TRLO1
10 July 2026 08:22:10	93	891.50	XLON	00405972200TRLO1
10 July 2026 08:25:03	97	893.00	XLON	00405973818TRLO1
10 July 2026 08:26:04	92	892.50	XLON	00405974316TRLO1
10 July 2026 08:26:18	98	892.00	XLON	00405974438TRLO1
10 July 2026 08:26:29	90	890.50	XLON	00405974501TRLO1
10 July 2026 08:26:29	93	891.50	XLON	00405974502TRLO1
10 July 2026 08:26:30	94	889.50	XLON	00405974509TRLO1
10 July 2026 08:37:56	94	887.50	XLON	00405979291TRLO1
10 July 2026 08:42:13	76	887.00	XLON	00405981115TRLO1
10 July 2026 08:44:01	90	887.00	XLON	00405981725TRLO1
10 July 2026 08:44:53	92	887.00	XLON	00405982132TRLO1
10 July 2026 08:45:26	98	890.00	XLON	00405982332TRLO1
10 July 2026 08:47:12	90	888.50	XLON	00405982914TRLO1
10 July 2026 08:47:58	97	887.00	XLON	00405983144TRLO1
10 July 2026 08:47:58	96	886.50	XLON	00405983145TRLO1
10 July 2026 08:47:58	96	885.00	XLON	00405983146TRLO1
10 July 2026 08:57:50	96	885.00	XLON	00405989045TRLO1
10 July 2026 08:58:29	95	884.50	XLON	00405989852TRLO1
10 July 2026 09:21:00	91	884.50	XLON	00406012148TRLO1
10 July 2026 09:22:55	96	884.00	XLON	00406014306TRLO1
10 July 2026 09:22:55	85	886.00	XLON	00406014307TRLO1
10 July 2026 09:22:55	95	885.00	XLON	00406014308TRLO1
10 July 2026 09:22:55	96	885.00	XLON	00406014309TRLO1
10 July 2026 09:36:45	96	883.50	XLON	00406028163TRLO1
10 July 2026 09:36:45	95	883.50	XLON	00406028164TRLO1
10 July 2026 09:36:45	95	883.50	XLON	00406028165TRLO1
10 July 2026 09:41:08	25	885.50	XLON	00406033063TRLO1
10 July 2026 09:41:08	22	885.50	XLON	00406033064TRLO1
10 July 2026 09:41:08	91	885.00	XLON	00406033065TRLO1
10 July 2026 09:43:49	90	885.50	XLON	00406035474TRLO1
10 July 2026 09:49:34	6	885.50	XLON	00406040845TRLO1
10 July 2026 09:49:34	5	885.50	XLON	00406040846TRLO1
10 July 2026 09:49:34	5	885.50	XLON	00406040847TRLO1
10 July 2026 09:49:34	78	885.50	XLON	00406040848TRLO1
10 July 2026 09:49:34	16	885.50	XLON	00406040849TRLO1
10 July 2026 09:52:42	51	884.50	XLON	00406043871TRLO1
10 July 2026 09:52:42	47	884.50	XLON	00406043872TRLO1
10 July 2026 09:52:42	98	884.50	XLON	00406043873TRLO1
10 July 2026 09:53:11	186	883.50	XLON	00406044373TRLO1
10 July 2026 10:08:05	1	883.50	XLON	00406058929TRLO1
10 July 2026 10:13:29	275	885.50	XLON	00406065764TRLO1
10 July 2026 10:13:29	283	885.00	XLON	00406065765TRLO1
10 July 2026 10:16:11	189	886.50	XLON	00406069030TRLO1
10 July 2026 10:20:40	147	886.00	XLON	00406074702TRLO1
10 July 2026 10:20:40	45	886.00	XLON	00406074726TRLO1
10 July 2026 10:20:40	64	886.00	XLON	00406074727TRLO1
10 July 2026 10:22:53	12	886.00	XLON	00406077669TRLO1
10 July 2026 10:27:12	96	887.00	XLON	00406082942TRLO1
10 July 2026 10:32:01	91	889.00	XLON	00406089289TRLO1
10 July 2026 10:35:52	94	888.00	XLON	00406094511TRLO1
10 July 2026 10:35:52	94	888.00	XLON	00406094512TRLO1
10 July 2026 10:37:38	93	887.00	XLON	00406097040TRLO1
10 July 2026 10:37:38	93	887.00	XLON	00406097041TRLO1
10 July 2026 10:37:38	76	887.00	XLON	00406097042TRLO1
10 July 2026 10:37:38	17	887.00	XLON	00406097043TRLO1
10 July 2026 10:42:26	185	886.00	XLON	00406103983TRLO1
10 July 2026 10:42:26	190	885.50	XLON	00406103984TRLO1
10 July 2026 10:46:04	93	888.00	XLON	00406108931TRLO1
10 July 2026 10:52:59	195	889.00	XLON	00406116899TRLO1
10 July 2026 10:59:23	95	888.50	XLON	00406120699TRLO1
10 July 2026 11:01:04	92	889.00	XLON	00406120843TRLO1
10 July 2026 11:05:15	94	890.00	XLON	00406120917TRLO1
10 July 2026 11:05:22	96	889.00	XLON	00406120919TRLO1
10 July 2026 11:09:50	94	888.50	XLON	00406121030TRLO1
10 July 2026 11:09:50	94	888.50	XLON	00406121031TRLO1
10 July 2026 11:10:27	180	889.00	XLON	00406121052TRLO1
10 July 2026 11:14:51	90	887.00	XLON	00406121206TRLO1
10 July 2026 11:15:51	92	886.50	XLON	00406121229TRLO1
10 July 2026 11:16:53	93	884.50	XLON	00406121258TRLO1
10 July 2026 11:16:53	93	884.50	XLON	00406121259TRLO1
10 July 2026 11:16:53	90	883.50	XLON	00406121260TRLO1
10 July 2026 11:16:53	91	883.00	XLON	00406121261TRLO1
10 July 2026 11:34:50	90	885.50	XLON	00406122456TRLO1
10 July 2026 11:55:26	290	886.00	XLON	00406123199TRLO1
10 July 2026 11:58:56	271	885.50	XLON	00406123275TRLO1
10 July 2026 12:10:07	39	884.00	XLON	00406123705TRLO1
10 July 2026 12:10:07	229	884.00	XLON	00406123706TRLO1
10 July 2026 12:10:07	90	884.00	XLON	00406123707TRLO1
10 July 2026 12:10:07	89	884.00	XLON	00406123708TRLO1
10 July 2026 12:29:53	93	886.50	XLON	00406124295TRLO1
10 July 2026 12:29:53	93	886.50	XLON	00406124296TRLO1
10 July 2026 12:30:29	69	885.50	XLON	00406124319TRLO1
10 July 2026 12:33:09	69	885.00	XLON	00406124401TRLO1
10 July 2026 12:33:09	21	885.00	XLON	00406124402TRLO1
10 July 2026 12:33:09	90	885.00	XLON	00406124403TRLO1
10 July 2026 12:33:09	65	885.00	XLON	00406124404TRLO1
10 July 2026 12:33:09	25	885.00	XLON	00406124405TRLO1
10 July 2026 12:40:33	96	884.50	XLON	00406124607TRLO1
10 July 2026 12:51:57	98	885.50	XLON	00406124862TRLO1
10 July 2026 12:54:59	95	885.50	XLON	00406124919TRLO1
10 July 2026 13:00:20	93	885.00	XLON	00406125078TRLO1
10 July 2026 13:13:47	98	888.00	XLON	00406125667TRLO1
10 July 2026 13:13:56	97	888.50	XLON	00406125715TRLO1
10 July 2026 13:19:08	90	888.00	XLON	00406125971TRLO1
10 July 2026 13:19:24	98	887.00	XLON	00406125985TRLO1
10 July 2026 13:28:56	275	886.50	XLON	00406126216TRLO1
10 July 2026 13:36:34	268	887.50	XLON	00406126446TRLO1
10 July 2026 14:03:41	195	887.50	XLON	00406127510TRLO1
10 July 2026 14:03:41	98	887.50	XLON	00406127511TRLO1
10 July 2026 14:03:41	40	887.50	XLON	00406127512TRLO1
10 July 2026 14:03:41	57	887.50	XLON	00406127513TRLO1
10 July 2026 14:03:41	98	887.50	XLON	00406127514TRLO1
10 July 2026 14:12:04	390	887.50	XLON	00406127998TRLO1
10 July 2026 14:13:41	293	886.50	XLON	00406128191TRLO1
10 July 2026 14:26:32	365	889.00	XLON	00406128766TRLO1
10 July 2026 14:30:24	272	889.50	XLON	00406129059TRLO1
10 July 2026 14:30:24	91	889.50	XLON	00406129060TRLO1
10 July 2026 14:32:57	486	890.00	XLON	00406129206TRLO1
10 July 2026 14:33:50	98	889.50	XLON	00406129241TRLO1
10 July 2026 14:33:50	97	889.50	XLON	00406129242TRLO1
10 July 2026 14:33:50	97	889.50	XLON	00406129243TRLO1
10 July 2026 14:33:56	96	889.00	XLON	00406129254TRLO1
10 July 2026 14:44:04	179	889.50	XLON	00406130000TRLO1
10 July 2026 14:44:24	192	889.50	XLON	00406130026TRLO1
10 July 2026 14:50:34	97	889.00	XLON	00406130679TRLO1
10 July 2026 14:50:34	97	889.00	XLON	00406130680TRLO1
10 July 2026 14:50:34	97	889.00	XLON	00406130681TRLO1
10 July 2026 14:50:34	97	889.00	XLON	00406130682TRLO1
10 July 2026 14:56:25	14	888.50	XLON	00406131088TRLO1
10 July 2026 14:57:32	452	889.00	XLON	00406131184TRLO1
10 July 2026 14:59:57	389	888.50	XLON	00406131363TRLO1
10 July 2026 15:09:52	273	888.50	XLON	00406131884TRLO1
10 July 2026 15:15:11	187	887.50	XLON	00406132427TRLO1
10 July 2026 15:15:11	94	887.50	XLON	00406132428TRLO1
10 July 2026 15:17:09	113	887.50	XLON	00406132587TRLO1
10 July 2026 15:17:11	265	887.50	XLON	00406132589TRLO1
10 July 2026 15:17:11	113	887.50	XLON	00406132590TRLO1
10 July 2026 15:23:05	294	886.50	XLON	00406133004TRLO1
10 July 2026 15:23:05	60	886.50	XLON	00406133005TRLO1
10 July 2026 15:23:05	11	886.50	XLON	00406133006TRLO1
10 July 2026 15:23:05	10	886.50	XLON	00406133007TRLO1
10 July 2026 15:23:05	17	886.50	XLON	00406133008TRLO1
10 July 2026 15:23:05	98	886.50	XLON	00406133009TRLO1
10 July 2026 15:25:17	4	888.00	XLON	00406133159TRLO1
10 July 2026 15:25:17	96	888.00	XLON	00406133160TRLO1
10 July 2026 15:32:42	93	887.50	XLON	00406133522TRLO1
10 July 2026 15:32:42	188	887.50	XLON	00406133523TRLO1
10 July 2026 15:32:54	180	887.00	XLON	00406133653TRLO1
10 July 2026 15:32:59	90	885.50	XLON	00406133730TRLO1
10 July 2026 15:33:06	95	885.00	XLON	00406133798TRLO1
10 July 2026 15:33:45	96	885.50	XLON	00406134118TRLO1
10 July 2026 15:38:22	182	889.00	XLON	00406134505TRLO1
10 July 2026 15:39:13	85	889.00	XLON	00406134591TRLO1
10 July 2026 15:39:13	11	889.00	XLON	00406134592TRLO1
10 July 2026 15:43:04	182	887.50	XLON	00406134902TRLO1
10 July 2026 15:43:04	9	887.50	XLON	00406134903TRLO1
10 July 2026 15:43:04	95	887.50	XLON	00406134904TRLO1
10 July 2026 15:46:43	185	888.50	XLON	00406135204TRLO1
10 July 2026 15:50:10	102	889.00	XLON	00406135503TRLO1
10 July 2026 15:53:19	20	890.00	XLON	00406135818TRLO1
10 July 2026 15:56:44	20	889.50	XLON	00406136066TRLO1
10 July 2026 15:56:44	160	889.50	XLON	00406136067TRLO1
10 July 2026 15:56:44	89	889.50	XLON	00406136068TRLO1
10 July 2026 16:05:41	94	891.50	XLON	00406136866TRLO1
10 July 2026 16:09:29	375	891.50	XLON	00406137288TRLO1
10 July 2026 16:13:22	98	891.50	XLON	00406137736TRLO1
10 July 2026 16:13:22	292	891.50	XLON	00406137737TRLO1
10 July 2026 16:13:59	95	891.00	XLON	00406137806TRLO1

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