Transaction in Own Shares

Gamma Communications PLC

15 July 2026

 

15 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:	14 July 2026
Number of ordinary shares purchased:	16,908
Lowest price per share (pence):	906.00
Highest price per share (pence):	925.00
Weighted average price per day (pence):	917.2021

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,684,281 ordinary shares since the commencement of the buyback programme and will have 91,080,070 ordinary shares in issue. There are 1,514,022 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,566,048 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 89,566,048 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	917.2021	16,908	906.00	925.00

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
14 July 2026 08:00:28	83	915.50	XLON	00406419764TRLO1
14 July 2026 08:09:01	92	916.50	XLON	00406423982TRLO1
14 July 2026 08:09:01	92	917.50	XLON	00406423983TRLO1
14 July 2026 08:12:38	88	916.00	XLON	00406425674TRLO1
14 July 2026 08:22:15	180	915.00	XLON	00406429967TRLO1
14 July 2026 08:22:15	89	915.00	XLON	00406429968TRLO1
14 July 2026 08:22:15	90	915.00	XLON	00406429969TRLO1
14 July 2026 08:22:15	90	915.00	XLON	00406429970TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444597TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444598TRLO1
14 July 2026 08:47:13	90	915.00	XLON	00406444599TRLO1
14 July 2026 08:47:13	90	915.00	XLON	00406444600TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444601TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444602TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444603TRLO1
14 July 2026 08:47:13	91	915.00	XLON	00406444604TRLO1
14 July 2026 08:47:13	90	915.00	XLON	00406444605TRLO1
14 July 2026 09:00:51	432	919.00	XLON	00406454336TRLO1
14 July 2026 09:00:51	89	919.00	XLON	00406454337TRLO1
14 July 2026 09:01:51	89	919.50	XLON	00406454828TRLO1
14 July 2026 09:06:11	90	918.50	XLON	00406456762TRLO1
14 July 2026 09:08:26	89	917.00	XLON	00406457864TRLO1
14 July 2026 09:20:14	85	919.00	XLON	00406463144TRLO1
14 July 2026 09:20:14	84	919.00	XLON	00406463145TRLO1
14 July 2026 09:20:14	84	919.00	XLON	00406463146TRLO1
14 July 2026 09:23:23	181	918.50	XLON	00406464563TRLO1
14 July 2026 09:34:00	87	918.00	XLON	00406469353TRLO1
14 July 2026 09:40:28	85	917.50	XLON	00406474580TRLO1
14 July 2026 09:40:28	85	917.50	XLON	00406474581TRLO1
14 July 2026 09:43:52	86	917.50	XLON	00406478608TRLO1
14 July 2026 09:43:52	86	917.50	XLON	00406478609TRLO1
14 July 2026 09:55:25	178	915.50	XLON	00406493717TRLO1
14 July 2026 09:59:08	85	916.00	XLON	00406498670TRLO1
14 July 2026 10:19:04	450	917.00	XLON	00406530471TRLO1
14 July 2026 10:27:04	274	917.00	XLON	00406544459TRLO1
14 July 2026 10:35:38	167	916.50	XLON	00406559362TRLO1
14 July 2026 10:35:38	83	916.50	XLON	00406559363TRLO1
14 July 2026 10:35:38	42	916.50	XLON	00406559364TRLO1
14 July 2026 10:40:12	333	917.00	XLON	00406567340TRLO1
14 July 2026 10:44:51	264	917.00	XLON	00406575184TRLO1
14 July 2026 10:46:13	181	916.50	XLON	00406576793TRLO1
14 July 2026 10:46:39	90	915.00	XLON	00406577291TRLO1
14 July 2026 10:46:39	89	915.00	XLON	00406577294TRLO1
14 July 2026 10:52:36	439	913.50	XLON	00406583071TRLO1
14 July 2026 10:54:29	91	911.50	XLON	00406585025TRLO1
14 July 2026 11:08:56	88	910.00	XLON	00406587330TRLO1
14 July 2026 11:27:16	86	910.00	XLON	00406588250TRLO1
14 July 2026 11:30:10	87	909.50	XLON	00406588364TRLO1
14 July 2026 11:40:22	90	908.50	XLON	00406589244TRLO1
14 July 2026 11:40:22	90	908.50	XLON	00406589245TRLO1
14 July 2026 11:41:37	84	908.50	XLON	00406589279TRLO1
14 July 2026 11:45:35	85	908.50	XLON	00406589383TRLO1
14 July 2026 11:54:47	92	908.50	XLON	00406589560TRLO1
14 July 2026 11:54:47	23	908.50	XLON	00406589561TRLO1
14 July 2026 12:00:43	68	908.50	XLON	00406589738TRLO1
14 July 2026 12:00:43	24	908.50	XLON	00406589739TRLO1
14 July 2026 12:01:00	87	908.00	XLON	00406589746TRLO1
14 July 2026 12:01:00	85	907.50	XLON	00406589747TRLO1
14 July 2026 12:02:18	86	907.00	XLON	00406589811TRLO1
14 July 2026 12:03:21	90	906.50	XLON	00406589876TRLO1
14 July 2026 12:06:30	86	906.00	XLON	00406589985TRLO1
14 July 2026 12:14:02	92	910.00	XLON	00406590233TRLO1
14 July 2026 12:14:21	91	909.50	XLON	00406590242TRLO1
14 July 2026 12:23:36	90	911.50	XLON	00406590895TRLO1
14 July 2026 12:24:17	84	910.50	XLON	00406590913TRLO1
14 July 2026 12:24:17	85	910.00	XLON	00406590914TRLO1
14 July 2026 12:29:18	86	910.50	XLON	00406591237TRLO1
14 July 2026 12:29:18	83	910.50	XLON	00406591238TRLO1
14 July 2026 12:37:26	88	910.00	XLON	00406591639TRLO1
14 July 2026 12:37:26	87	910.00	XLON	00406591640TRLO1
14 July 2026 12:43:44	92	913.50	XLON	00406591862TRLO1
14 July 2026 12:44:36	86	913.00	XLON	00406591908TRLO1
14 July 2026 12:44:36	86	913.00	XLON	00406591909TRLO1
14 July 2026 12:49:04	84	913.00	XLON	00406592056TRLO1
14 July 2026 13:03:00	90	912.50	XLON	00406592509TRLO1
14 July 2026 13:05:01	89	912.00	XLON	00406592556TRLO1
14 July 2026 13:06:11	88	911.50	XLON	00406592588TRLO1
14 July 2026 13:16:11	87	911.00	XLON	00406592912TRLO1
14 July 2026 13:20:10	89	911.00	XLON	00406592998TRLO1
14 July 2026 13:25:34	87	912.00	XLON	00406593214TRLO1
14 July 2026 13:28:18	88	914.00	XLON	00406593312TRLO1
14 July 2026 13:28:21	86	913.50	XLON	00406593314TRLO1
14 July 2026 13:30:03	89	918.00	XLON	00406593526TRLO1
14 July 2026 13:30:27	85	920.00	XLON	00406593731TRLO1
14 July 2026 13:31:56	86	919.50	XLON	00406594009TRLO1
14 July 2026 13:32:15	86	918.00	XLON	00406594053TRLO1
14 July 2026 13:32:44	91	917.00	XLON	00406594127TRLO1
14 July 2026 13:35:04	87	916.00	XLON	00406594238TRLO1
14 July 2026 13:46:19	87	914.50	XLON	00406594794TRLO1
14 July 2026 13:55:29	29	918.00	XLON	00406595136TRLO1
14 July 2026 14:02:54	4	918.00	XLON	00406595419TRLO1
14 July 2026 14:02:54	7	918.00	XLON	00406595420TRLO1
14 July 2026 14:02:54	51	918.00	XLON	00406595421TRLO1
14 July 2026 14:02:54	29	918.00	XLON	00406595422TRLO1
14 July 2026 14:03:25	91	918.00	XLON	00406595450TRLO1
14 July 2026 14:08:35	84	920.00	XLON	00406595602TRLO1
14 July 2026 14:08:35	92	919.50	XLON	00406595603TRLO1
14 July 2026 14:09:38	435	919.00	XLON	00406595632TRLO1
14 July 2026 14:19:43	167	918.00	XLON	00406595971TRLO1
14 July 2026 14:31:13	127	919.50	XLON	00406596728TRLO1
14 July 2026 14:31:13	49	919.50	XLON	00406596729TRLO1
14 July 2026 14:32:43	168	918.50	XLON	00406596901TRLO1
14 July 2026 14:38:02	13	920.50	XLON	00406597376TRLO1
14 July 2026 14:38:07	52	920.50	XLON	00406597380TRLO1
14 July 2026 14:38:07	84	920.00	XLON	00406597381TRLO1
14 July 2026 14:38:12	91	920.00	XLON	00406597387TRLO1
14 July 2026 14:42:40	92	920.50	XLON	00406597697TRLO1
14 July 2026 14:47:34	85	920.50	XLON	00406597969TRLO1
14 July 2026 14:53:16	173	920.50	XLON	00406598272TRLO1
14 July 2026 14:53:18	87	920.00	XLON	00406598273TRLO1
14 July 2026 14:56:11	84	921.00	XLON	00406598412TRLO1
14 July 2026 14:58:04	27	921.00	XLON	00406598530TRLO1
14 July 2026 14:58:05	21	921.00	XLON	00406598535TRLO1
14 July 2026 14:58:05	21	921.00	XLON	00406598536TRLO1
14 July 2026 14:58:05	21	921.00	XLON	00406598537TRLO1
14 July 2026 14:58:05	21	921.00	XLON	00406598538TRLO1
14 July 2026 14:59:02	333	920.50	XLON	00406598632TRLO1
14 July 2026 15:00:41	121	920.50	XLON	00406598749TRLO1
14 July 2026 15:00:41	7	920.50	XLON	00406598750TRLO1
14 July 2026 15:00:41	140	920.50	XLON	00406598751TRLO1
14 July 2026 15:01:48	175	920.00	XLON	00406598807TRLO1
14 July 2026 15:02:02	180	919.50	XLON	00406598837TRLO1
14 July 2026 15:05:06	174	918.50	XLON	00406599086TRLO1
14 July 2026 15:23:13	178	919.00	XLON	00406600409TRLO1
14 July 2026 15:23:50	173	918.50	XLON	00406600430TRLO1
14 July 2026 15:25:37	173	918.50	XLON	00406600592TRLO1
14 July 2026 15:28:41	167	921.00	XLON	00406600838TRLO1
14 July 2026 15:29:16	90	920.50	XLON	00406600873TRLO1
14 July 2026 15:30:30	89	920.00	XLON	00406600922TRLO1
14 July 2026 15:30:31	89	919.50	XLON	00406600927TRLO1
14 July 2026 15:32:31	171	919.00	XLON	00406601110TRLO1
14 July 2026 15:34:15	91	923.00	XLON	00406601383TRLO1
14 July 2026 15:34:20	22	921.50	XLON	00406601423TRLO1
14 July 2026 15:34:26	87	922.00	XLON	00406601475TRLO1
14 July 2026 15:35:37	87	921.50	XLON	00406601560TRLO1
14 July 2026 15:36:23	86	921.00	XLON	00406601612TRLO1
14 July 2026 15:36:56	3	921.00	XLON	00406601644TRLO1
14 July 2026 15:37:27	86	921.00	XLON	00406601685TRLO1
14 July 2026 15:37:27	3	921.00	XLON	00406601686TRLO1
14 July 2026 15:40:47	70	923.00	XLON	00406601840TRLO1
14 July 2026 15:40:47	103	923.00	XLON	00406601841TRLO1
14 July 2026 15:48:58	85	921.00	XLON	00406602341TRLO1
14 July 2026 15:52:07	173	923.00	XLON	00406602495TRLO1
14 July 2026 15:57:03	85	923.50	XLON	00406602931TRLO1
14 July 2026 15:59:08	84	923.50	XLON	00406603220TRLO1
14 July 2026 16:01:14	90	923.00	XLON	00406603423TRLO1
14 July 2026 16:01:14	90	923.00	XLON	00406603424TRLO1
14 July 2026 16:03:41	88	922.00	XLON	00406603540TRLO1
14 July 2026 16:03:41	87	922.00	XLON	00406603541TRLO1
14 July 2026 16:04:30	86	923.00	XLON	00406603676TRLO1
14 July 2026 16:04:39	88	924.00	XLON	00406603748TRLO1
14 July 2026 16:05:32	122	923.50	XLON	00406603880TRLO1
14 July 2026 16:13:52	84	922.50	XLON	00406604346TRLO1
14 July 2026 16:13:52	168	922.50	XLON	00406604347TRLO1
14 July 2026 16:13:52	84	922.50	XLON	00406604348TRLO1
14 July 2026 16:19:06	260	923.00	XLON	00406604741TRLO1
14 July 2026 16:19:10	16	925.00	XLON	00406604743TRLO1
14 July 2026 16:19:10	135	925.00	XLON	00406604744TRLO1
14 July 2026 16:19:10	61	925.00	XLON	00406604745TRLO1
14 July 2026 16:19:23	94	923.50	XLON	00406604782TRLO1
14 July 2026 16:19:23	87	923.50	XLON	00406604783TRLO1

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