Transaction in Own Shares

Gamma Communications PLC

16 July 2026

 

16 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:	15 July 2026
Number of ordinary shares purchased:	16,545
Lowest price per share (pence):	917.00
Highest price per share (pence):	945.00
Weighted average price per day (pence):	934.3276

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,700,826 ordinary shares since the commencement of the buyback programme and will have 91,063,525 ordinary shares in issue. There are 1,514,022 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,549,503 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 89,549,503 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	934.3276	16,545	917.00	945.00

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
15 July 2026 08:03:35	84	917.00	XLON	00406668301TRLO1
15 July 2026 08:14:11	179	919.50	XLON	00406671279TRLO1
15 July 2026 08:21:51	178	919.50	XLON	00406674624TRLO1
15 July 2026 08:21:51	375	921.00	XLON	00406674625TRLO1
15 July 2026 08:23:46	180	923.00	XLON	00406675436TRLO1
15 July 2026 08:25:18	173	922.50	XLON	00406676223TRLO1
15 July 2026 08:26:14	87	922.50	XLON	00406677063TRLO1
15 July 2026 08:26:53	87	922.00	XLON	00406677582TRLO1
15 July 2026 08:30:01	90	921.50	XLON	00406679894TRLO1
15 July 2026 08:37:19	89	921.00	XLON	00406683114TRLO1
15 July 2026 08:39:51	90	920.50	XLON	00406684411TRLO1
15 July 2026 08:39:51	83	920.50	XLON	00406684412TRLO1
15 July 2026 08:54:32	529	926.00	XLON	00406691639TRLO1
15 July 2026 08:54:47	88	925.00	XLON	00406691755TRLO1
15 July 2026 08:58:11	178	926.50	XLON	00406693282TRLO1
15 July 2026 09:00:09	90	925.00	XLON	00406694319TRLO1
15 July 2026 09:08:08	171	925.50	XLON	00406697495TRLO1
15 July 2026 09:21:38	84	928.50	XLON	00406703385TRLO1
15 July 2026 09:23:21	89	927.00	XLON	00406704075TRLO1
15 July 2026 09:24:03	83	926.50	XLON	00406704342TRLO1
15 July 2026 09:28:00	88	929.00	XLON	00406705927TRLO1
15 July 2026 09:28:48	261	929.50	XLON	00406706265TRLO1
15 July 2026 09:36:01	33	929.50	XLON	00406708455TRLO1
15 July 2026 09:36:12	55	929.50	XLON	00406708494TRLO1
15 July 2026 09:36:12	33	929.50	XLON	00406708495TRLO1
15 July 2026 09:37:08	89	930.00	XLON	00406708762TRLO1
15 July 2026 09:39:02	35	929.00	XLON	00406709248TRLO1
15 July 2026 09:39:02	52	929.00	XLON	00406709249TRLO1
15 July 2026 09:50:36	88	926.50	XLON	00406714562TRLO1
15 July 2026 09:54:13	90	929.00	XLON	00406716107TRLO1
15 July 2026 10:00:56	89	930.00	XLON	00406719781TRLO1
15 July 2026 10:01:37	89	929.50	XLON	00406720113TRLO1
15 July 2026 10:18:16	86	928.50	XLON	00406730238TRLO1
15 July 2026 10:18:16	87	928.50	XLON	00406730239TRLO1
15 July 2026 10:18:16	70	928.50	XLON	00406730240TRLO1
15 July 2026 10:18:16	17	928.50	XLON	00406730241TRLO1
15 July 2026 10:20:18	38	928.50	XLON	00406731289TRLO1
15 July 2026 10:29:13	180	930.50	XLON	00406737531TRLO1
15 July 2026 10:29:34	88	929.50	XLON	00406737849TRLO1
15 July 2026 10:33:29	83	928.00	XLON	00406742121TRLO1
15 July 2026 10:39:40	87	926.50	XLON	00406748951TRLO1
15 July 2026 10:52:55	86	927.50	XLON	00406763149TRLO1
15 July 2026 10:57:15	90	927.00	XLON	00406766562TRLO1
15 July 2026 10:57:19	89	927.00	XLON	00406766593TRLO1
15 July 2026 11:01:14	87	927.00	XLON	00406768277TRLO1
15 July 2026 11:04:14	85	927.50	XLON	00406768363TRLO1
15 July 2026 11:10:04	171	928.50	XLON	00406768471TRLO1
15 July 2026 11:10:30	84	927.00	XLON	00406768481TRLO1
15 July 2026 11:30:46	12	925.50	XLON	00406769103TRLO1
15 July 2026 11:34:25	83	925.50	XLON	00406769304TRLO1
15 July 2026 11:40:42	90	926.00	XLON	00406770138TRLO1
15 July 2026 12:02:00	181	926.50	XLON	00406770850TRLO1
15 July 2026 12:02:00	90	926.50	XLON	00406770851TRLO1
15 July 2026 12:02:40	165	926.50	XLON	00406770854TRLO1
15 July 2026 12:04:30	174	927.50	XLON	00406770888TRLO1
15 July 2026 12:09:07	358	928.00	XLON	00406771029TRLO1
15 July 2026 12:13:52	247	931.00	XLON	00406771167TRLO1
15 July 2026 12:18:49	428	930.50	XLON	00406771293TRLO1
15 July 2026 12:21:49	88	930.00	XLON	00406771369TRLO1
15 July 2026 12:21:49	264	930.00	XLON	00406771370TRLO1
15 July 2026 12:21:49	88	930.00	XLON	00406771371TRLO1
15 July 2026 12:39:39	342	933.00	XLON	00406771769TRLO1
15 July 2026 12:40:13	86	932.00	XLON	00406771776TRLO1
15 July 2026 12:43:22	167	934.00	XLON	00406771858TRLO1
15 July 2026 12:51:05	83	934.00	XLON	00406772094TRLO1
15 July 2026 13:01:43	83	935.00	XLON	00406772353TRLO1
15 July 2026 13:01:43	84	933.50	XLON	00406772354TRLO1
15 July 2026 13:02:50	86	933.50	XLON	00406772399TRLO1
15 July 2026 13:11:06	178	933.50	XLON	00406772615TRLO1
15 July 2026 13:15:45	172	935.00	XLON	00406772768TRLO1
15 July 2026 13:30:25	87	939.50	XLON	00406773365TRLO1
15 July 2026 13:43:17	177	942.50	XLON	00406773653TRLO1
15 July 2026 13:43:25	167	942.00	XLON	00406773655TRLO1
15 July 2026 13:43:40	90	943.50	XLON	00406773656TRLO1
15 July 2026 13:47:51	88	941.50	XLON	00406773704TRLO1
15 July 2026 13:51:30	88	941.50	XLON	00406773762TRLO1
15 July 2026 14:15:52	85	939.50	XLON	00406774434TRLO1
15 July 2026 14:21:32	266	937.50	XLON	00406774706TRLO1
15 July 2026 14:31:38	83	941.50	XLON	00406775103TRLO1
15 July 2026 14:32:54	89	941.50	XLON	00406775396TRLO1
15 July 2026 14:34:15	83	941.50	XLON	00406775468TRLO1
15 July 2026 14:38:00	86	940.50	XLON	00406775723TRLO1
15 July 2026 14:38:16	86	940.00	XLON	00406775744TRLO1
15 July 2026 14:41:36	84	941.00	XLON	00406775923TRLO1
15 July 2026 14:42:41	83	940.50	XLON	00406775973TRLO1
15 July 2026 14:45:05	89	940.00	XLON	00406776184TRLO1
15 July 2026 14:47:22	86	939.50	XLON	00406776383TRLO1
15 July 2026 14:50:06	84	938.50	XLON	00406776568TRLO1
15 July 2026 14:50:06	84	938.50	XLON	00406776569TRLO1
15 July 2026 14:51:45	256	938.50	XLON	00406776697TRLO1
15 July 2026 14:57:21	167	941.50	XLON	00406777038TRLO1
15 July 2026 15:00:03	175	941.00	XLON	00406777255TRLO1
15 July 2026 15:03:52	177	945.00	XLON	00406777395TRLO1
15 July 2026 15:06:40	172	945.00	XLON	00406777516TRLO1
15 July 2026 15:10:13	85	945.00	XLON	00406777760TRLO1
15 July 2026 15:14:42	90	945.00	XLON	00406777989TRLO1
15 July 2026 15:39:35	84	945.00	XLON	00406779314TRLO1
15 July 2026 15:39:35	83	945.00	XLON	00406779315TRLO1
15 July 2026 15:42:55	84	944.50	XLON	00406779716TRLO1
15 July 2026 15:42:55	84	944.50	XLON	00406779717TRLO1
15 July 2026 15:45:53	87	943.50	XLON	00406779884TRLO1
15 July 2026 15:45:53	173	943.50	XLON	00406779885TRLO1
15 July 2026 15:46:56	165	943.00	XLON	00406779957TRLO1
15 July 2026 15:46:58	23	942.50	XLON	00406779961TRLO1
15 July 2026 15:47:16	142	942.50	XLON	00406779980TRLO1
15 July 2026 15:47:16	23	942.50	XLON	00406779981TRLO1
15 July 2026 15:48:47	174	944.50	XLON	00406780120TRLO1
15 July 2026 15:51:04	179	944.50	XLON	00406780260TRLO1
15 July 2026 15:54:05	83	944.00	XLON	00406780392TRLO1
15 July 2026 15:54:29	87	943.50	XLON	00406780412TRLO1
15 July 2026 15:54:29	173	943.50	XLON	00406780413TRLO1
15 July 2026 15:58:36	166	943.50	XLON	00406780661TRLO1
15 July 2026 16:02:20	88	943.00	XLON	00406780892TRLO1
15 July 2026 16:02:20	87	943.00	XLON	00406780893TRLO1
15 July 2026 16:02:20	87	943.00	XLON	00406780894TRLO1
15 July 2026 16:13:13	429	943.00	XLON	00406781339TRLO1
15 July 2026 16:13:14	440	942.50	XLON	00406781341TRLO1
15 July 2026 16:13:15	440	943.00	XLON	00406781343TRLO1
15 July 2026 16:13:15	21	943.50	XLON	00406781344TRLO1
15 July 2026 16:13:15	42	943.50	XLON	00406781345TRLO1
15 July 2026 16:13:15	18	943.50	XLON	00406781346TRLO1
15 July 2026 16:13:24	104	943.00	XLON	00406781356TRLO1
15 July 2026 16:13:33	336	943.00	XLON	00406781369TRLO1
15 July 2026 16:13:33	104	943.00	XLON	00406781370TRLO1
15 July 2026 16:14:53	80	942.00	XLON	00406781506TRLO1
15 July 2026 16:14:53	9	942.00	XLON	00406781507TRLO1
15 July 2026 16:14:53	89	942.00	XLON	00406781508TRLO1
15 July 2026 16:14:53	88	942.00	XLON	00406781509TRLO1
15 July 2026 16:19:40	180	944.50	XLON	00406781767TRLO1

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