Transaction in Own Shares

Gamma Communications PLC

14 July 2026

 

14 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:	13 July 2026
Number of ordinary shares purchased:	17,609
Lowest price per share (pence):	892.50
Highest price per share (pence):	908.50
Weighted average price per day (pence):	903.5064

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,667,373 ordinary shares since the commencement of the buyback programme and will have 91,096,978 ordinary shares in issue. There are 1,524,392 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,572,586 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 89,572,586 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	903.5064	17,609	892.50	908.50

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
13 July 2026 08:04:06	91	896.50	XLON	00406195263TRLO1
13 July 2026 08:05:12	89	897.00	XLON	00406195822TRLO1
13 July 2026 08:10:11	87	897.00	XLON	00406198577TRLO1
13 July 2026 08:10:11	87	896.50	XLON	00406198578TRLO1
13 July 2026 08:10:11	88	896.00	XLON	00406198579TRLO1
13 July 2026 08:12:23	91	901.00	XLON	00406200569TRLO1
13 July 2026 08:12:29	90	900.50	XLON	00406200669TRLO1
13 July 2026 08:12:35	91	899.00	XLON	00406200777TRLO1
13 July 2026 08:14:22	90	897.00	XLON	00406202572TRLO1
13 July 2026 08:19:41	88	895.00	XLON	00406207318TRLO1
13 July 2026 08:22:28	91	893.00	XLON	00406210163TRLO1
13 July 2026 08:29:35	87	892.50	XLON	00406215472TRLO1
13 July 2026 08:40:41	87	894.00	XLON	00406224264TRLO1
13 July 2026 08:41:31	90	894.50	XLON	00406224800TRLO1
13 July 2026 08:44:25	87	895.50	XLON	00406227107TRLO1
13 July 2026 08:44:28	86	894.50	XLON	00406227115TRLO1
13 July 2026 08:50:52	91	898.50	XLON	00406231344TRLO1
13 July 2026 08:51:04	88	898.00	XLON	00406231553TRLO1
13 July 2026 08:51:09	85	897.50	XLON	00406231584TRLO1
13 July 2026 08:51:09	86	896.00	XLON	00406231587TRLO1
13 July 2026 08:53:46	89	896.00	XLON	00406233454TRLO1
13 July 2026 08:53:50	89	894.00	XLON	00406233505TRLO1
13 July 2026 08:53:50	91	893.50	XLON	00406233506TRLO1
13 July 2026 08:54:10	91	895.00	XLON	00406233662TRLO1
13 July 2026 08:59:07	84	897.00	XLON	00406236910TRLO1
13 July 2026 09:02:49	170	896.50	XLON	00406239606TRLO1
13 July 2026 09:07:50	90	897.00	XLON	00406242061TRLO1
13 July 2026 09:07:50	89	897.00	XLON	00406242062TRLO1
13 July 2026 09:08:55	91	894.50	XLON	00406242711TRLO1
13 July 2026 09:23:50	87	894.00	XLON	00406253166TRLO1
13 July 2026 09:23:50	86	894.00	XLON	00406253167TRLO1
13 July 2026 09:23:53	50	895.00	XLON	00406253201TRLO1
13 July 2026 09:23:53	68	895.00	XLON	00406253202TRLO1
13 July 2026 09:24:00	26	895.50	XLON	00406253271TRLO1
13 July 2026 09:24:00	176	894.50	XLON	00406253272TRLO1
13 July 2026 09:24:00	102	894.50	XLON	00406253273TRLO1
13 July 2026 09:42:57	91	896.50	XLON	00406267227TRLO1
13 July 2026 09:42:57	91	896.50	XLON	00406267228TRLO1
13 July 2026 09:42:57	91	896.50	XLON	00406267229TRLO1
13 July 2026 09:52:33	87	900.50	XLON	00406273027TRLO1
13 July 2026 09:52:33	86	899.50	XLON	00406273028TRLO1
13 July 2026 09:52:40	86	899.00	XLON	00406273060TRLO1
13 July 2026 09:54:33	84	899.50	XLON	00406274134TRLO1
13 July 2026 09:54:38	88	899.00	XLON	00406274166TRLO1
13 July 2026 09:54:42	91	898.50	XLON	00406274184TRLO1
13 July 2026 09:54:46	29	898.50	XLON	00406274213TRLO1
13 July 2026 10:02:18	80	899.00	XLON	00406278568TRLO1
13 July 2026 10:02:18	9	899.00	XLON	00406278569TRLO1
13 July 2026 10:02:18	89	899.00	XLON	00406278570TRLO1
13 July 2026 10:06:01	172	901.00	XLON	00406281048TRLO1
13 July 2026 10:06:18	176	900.50	XLON	00406281217TRLO1
13 July 2026 10:06:18	182	900.00	XLON	00406281218TRLO1
13 July 2026 10:10:01	91	901.50	XLON	00406283214TRLO1
13 July 2026 10:10:01	91	901.50	XLON	00406283215TRLO1
13 July 2026 10:10:01	88	901.50	XLON	00406283216TRLO1
13 July 2026 10:10:12	88	901.50	XLON	00406283326TRLO1
13 July 2026 10:11:00	91	901.00	XLON	00406283661TRLO1
13 July 2026 10:19:10	335	906.50	XLON	00406288193TRLO1
13 July 2026 10:19:11	335	906.00	XLON	00406288234TRLO1
13 July 2026 10:19:18	273	905.50	XLON	00406288286TRLO1
13 July 2026 10:19:24	265	904.50	XLON	00406288319TRLO1
13 July 2026 10:23:46	169	904.00	XLON	00406291315TRLO1
13 July 2026 10:23:46	84	904.00	XLON	00406291316TRLO1
13 July 2026 10:24:37	175	904.50	XLON	00406291797TRLO1
13 July 2026 10:24:37	88	904.50	XLON	00406291798TRLO1
13 July 2026 10:33:30	92	907.00	XLON	00406298885TRLO1
13 July 2026 10:39:57	171	908.00	XLON	00406304053TRLO1
13 July 2026 10:39:57	171	908.50	XLON	00406304054TRLO1
13 July 2026 10:43:37	86	907.50	XLON	00406306295TRLO1
13 July 2026 10:50:41	90	908.50	XLON	00406310288TRLO1
13 July 2026 10:53:58	180	908.50	XLON	00406312035TRLO1
13 July 2026 11:22:07	90	908.50	XLON	00406316255TRLO1
13 July 2026 11:22:07	90	908.50	XLON	00406316256TRLO1
13 July 2026 11:22:07	169	907.50	XLON	00406316257TRLO1
13 July 2026 11:29:04	251	906.50	XLON	00406316494TRLO1
13 July 2026 11:29:06	185	906.50	XLON	00406316499TRLO1
13 July 2026 11:29:06	87	906.50	XLON	00406316500TRLO1
13 July 2026 11:40:41	427	907.00	XLON	00406317496TRLO1
13 July 2026 11:40:49	89	906.50	XLON	00406317509TRLO1
13 July 2026 12:01:12	13	907.00	XLON	00406318342TRLO1
13 July 2026 12:01:12	167	907.00	XLON	00406318343TRLO1
13 July 2026 12:05:50	544	908.00	XLON	00406318487TRLO1
13 July 2026 12:21:20	86	908.50	XLON	00406318962TRLO1
13 July 2026 12:21:20	87	908.50	XLON	00406318963TRLO1
13 July 2026 12:22:40	21	908.00	XLON	00406319011TRLO1
13 July 2026 12:22:40	59	908.00	XLON	00406319012TRLO1
13 July 2026 12:22:40	102	908.00	XLON	00406319013TRLO1
13 July 2026 12:22:40	182	907.50	XLON	00406319014TRLO1
13 July 2026 12:27:47	84	907.00	XLON	00406319279TRLO1
13 July 2026 12:46:19	252	904.50	XLON	00406319810TRLO1
13 July 2026 12:46:38	173	904.00	XLON	00406319826TRLO1
13 July 2026 13:03:40	252	904.50	XLON	00406320469TRLO1
13 July 2026 13:03:40	84	904.50	XLON	00406320470TRLO1
13 July 2026 13:03:40	84	904.50	XLON	00406320471TRLO1
13 July 2026 13:15:21	146	904.00	XLON	00406321184TRLO1
13 July 2026 13:23:07	178	904.00	XLON	00406321473TRLO1
13 July 2026 13:25:57	171	904.00	XLON	00406321562TRLO1
13 July 2026 13:31:15	175	904.50	XLON	00406321784TRLO1
13 July 2026 13:35:05	86	904.50	XLON	00406321935TRLO1
13 July 2026 13:38:21	87	904.00	XLON	00406322003TRLO1
13 July 2026 13:46:44	80	903.50	XLON	00406322293TRLO1
13 July 2026 13:46:44	99	903.50	XLON	00406322294TRLO1
13 July 2026 13:47:36	91	903.00	XLON	00406322318TRLO1
13 July 2026 14:02:00	176	906.50	XLON	00406322855TRLO1
13 July 2026 14:02:42	5	906.00	XLON	00406322895TRLO1
13 July 2026 14:02:42	7	906.00	XLON	00406322896TRLO1
13 July 2026 14:02:42	164	906.00	XLON	00406322897TRLO1
13 July 2026 14:05:47	88	905.50	XLON	00406322975TRLO1
13 July 2026 14:10:47	89	905.00	XLON	00406323200TRLO1
13 July 2026 14:17:54	89	905.00	XLON	00406323560TRLO1
13 July 2026 14:17:54	88	905.00	XLON	00406323561TRLO1
13 July 2026 14:17:54	89	905.00	XLON	00406323562TRLO1
13 July 2026 14:18:00	111	904.50	XLON	00406323568TRLO1
13 July 2026 14:18:00	71	904.50	XLON	00406323569TRLO1
13 July 2026 14:23:15	91	903.50	XLON	00406323745TRLO1
13 July 2026 14:23:15	19	903.50	XLON	00406323746TRLO1
13 July 2026 14:23:19	72	903.50	XLON	00406323747TRLO1
13 July 2026 14:23:19	40	903.50	XLON	00406323748TRLO1
13 July 2026 14:24:59	38	904.00	XLON	00406323791TRLO1
13 July 2026 14:24:59	235	904.00	XLON	00406323792TRLO1
13 July 2026 14:28:57	157	904.00	XLON	00406323965TRLO1
13 July 2026 14:29:53	107	903.50	XLON	00406324000TRLO1
13 July 2026 14:33:53	256	905.50	XLON	00406324324TRLO1
13 July 2026 14:34:00	259	905.50	XLON	00406324329TRLO1
13 July 2026 14:40:53	259	906.00	XLON	00406324777TRLO1
13 July 2026 14:47:10	250	906.00	XLON	00406325179TRLO1
13 July 2026 14:47:10	83	906.00	XLON	00406325180TRLO1
13 July 2026 14:50:58	84	908.50	XLON	00406325583TRLO1
13 July 2026 14:58:23	178	908.50	XLON	00406326181TRLO1
13 July 2026 14:58:23	89	908.50	XLON	00406326182TRLO1
13 July 2026 15:07:07	84	908.50	XLON	00406326751TRLO1
13 July 2026 15:07:53	84	907.50	XLON	00406326845TRLO1
13 July 2026 15:07:53	83	907.50	XLON	00406326846TRLO1
13 July 2026 15:07:53	83	907.50	XLON	00406326847TRLO1
13 July 2026 15:15:33	45	907.50	XLON	00406327444TRLO1
13 July 2026 15:15:33	205	907.50	XLON	00406327445TRLO1
13 July 2026 15:15:33	45	907.50	XLON	00406327446TRLO1
13 July 2026 15:16:18	84	907.50	XLON	00406327492TRLO1
13 July 2026 15:16:44	168	907.00	XLON	00406327556TRLO1
13 July 2026 15:16:45	176	906.00	XLON	00406327593TRLO1
13 July 2026 15:16:46	172	905.50	XLON	00406327669TRLO1
13 July 2026 15:16:54	121	905.50	XLON	00406327789TRLO1
13 July 2026 15:19:08	169	908.00	XLON	00406328006TRLO1
13 July 2026 15:24:28	169	908.00	XLON	00406328320TRLO1
13 July 2026 15:24:28	118	908.00	XLON	00406328331TRLO1
13 July 2026 15:24:28	53	908.00	XLON	00406328332TRLO1
13 July 2026 15:24:28	33	908.00	XLON	00406328333TRLO1
13 July 2026 15:24:28	88	908.00	XLON	00406328348TRLO1

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