Transaction in Own Shares

Gamma Communications PLC

17 July 2026

 

17 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:	16 July 2026
Number of ordinary shares purchased:	16,425
Lowest price per share (pence):	936.00
Highest price per share (pence):	948.00
Weighted average price per day (pence):	942.0955

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,717,251 ordinary shares since the commencement of the buyback programme and will have 91,047,100 ordinary shares in issue. There are 1,514,022 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,533,078 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 89,533,078 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	942.0955	16,425	936.00	948.00

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
16 July 2026 08:08:32	89	942.00	XLON	00406836566TRLO1
16 July 2026 08:08:32	88	941.50	XLON	00406836567TRLO1
16 July 2026 08:10:55	88	939.00	XLON	00406837202TRLO1
16 July 2026 08:15:30	83	939.50	XLON	00406838143TRLO1
16 July 2026 08:19:55	85	939.50	XLON	00406839943TRLO1
16 July 2026 08:20:41	83	939.00	XLON	00406840329TRLO1
16 July 2026 08:21:01	85	939.00	XLON	00406840493TRLO1
16 July 2026 08:27:10	83	942.50	XLON	00406843499TRLO1
16 July 2026 08:29:45	85	945.50	XLON	00406844612TRLO1
16 July 2026 08:31:40	88	946.00	XLON	00406845455TRLO1
16 July 2026 08:34:21	89	945.50	XLON	00406846726TRLO1
16 July 2026 08:34:21	88	945.50	XLON	00406846727TRLO1
16 July 2026 08:34:58	85	946.00	XLON	00406846938TRLO1
16 July 2026 08:37:10	85	947.00	XLON	00406847913TRLO1
16 July 2026 08:37:28	84	946.00	XLON	00406848033TRLO1
16 July 2026 08:46:35	60	944.00	XLON	00406852790TRLO1
16 July 2026 08:47:02	30	944.00	XLON	00406852998TRLO1
16 July 2026 08:47:02	60	944.00	XLON	00406852999TRLO1
16 July 2026 08:58:39	20	943.50	XLON	00406857887TRLO1
16 July 2026 08:58:39	71	943.50	XLON	00406857888TRLO1
16 July 2026 09:03:33	86	945.00	XLON	00406860981TRLO1
16 July 2026 09:03:33	86	945.00	XLON	00406860982TRLO1
16 July 2026 09:04:56	89	945.00	XLON	00406861529TRLO1
16 July 2026 09:04:56	89	945.00	XLON	00406861530TRLO1
16 July 2026 09:05:04	89	945.00	XLON	00406861613TRLO1
16 July 2026 09:07:16	90	945.00	XLON	00406862558TRLO1
16 July 2026 09:11:25	83	944.00	XLON	00406864420TRLO1
16 July 2026 09:13:37	88	943.50	XLON	00406865412TRLO1
16 July 2026 09:31:26	83	945.50	XLON	00406874578TRLO1
16 July 2026 09:31:26	58	945.50	XLON	00406874579TRLO1
16 July 2026 09:31:26	24	945.50	XLON	00406874580TRLO1
16 July 2026 09:42:53	84	947.00	XLON	00406880306TRLO1
16 July 2026 09:45:15	86	946.50	XLON	00406881540TRLO1
16 July 2026 09:45:20	84	946.00	XLON	00406881597TRLO1
16 July 2026 09:46:06	84	945.00	XLON	00406881949TRLO1
16 July 2026 09:48:20	88	944.50	XLON	00406883079TRLO1
16 July 2026 09:52:50	83	944.50	XLON	00406886647TRLO1
16 July 2026 09:52:50	84	944.50	XLON	00406886648TRLO1
16 July 2026 09:58:30	83	943.50	XLON	00406891817TRLO1
16 July 2026 09:58:50	83	943.50	XLON	00406892113TRLO1
16 July 2026 10:05:09	90	943.00	XLON	00406895913TRLO1
16 July 2026 10:08:44	86	943.00	XLON	00406898001TRLO1
16 July 2026 10:10:46	90	942.00	XLON	00406899161TRLO1
16 July 2026 10:13:04	179	942.00	XLON	00406900353TRLO1
16 July 2026 10:18:45	85	941.50	XLON	00406903275TRLO1
16 July 2026 10:24:58	89	941.00	XLON	00406906014TRLO1
16 July 2026 10:27:17	78	941.00	XLON	00406907124TRLO1
16 July 2026 10:30:31	177	942.50	XLON	00406908721TRLO1
16 July 2026 10:33:44	92	941.50	XLON	00406910204TRLO1
16 July 2026 10:33:44	89	941.50	XLON	00406910205TRLO1
16 July 2026 10:53:26	491	944.00	XLON	00406926007TRLO1
16 July 2026 10:59:18	84	944.50	XLON	00406930499TRLO1
16 July 2026 10:59:18	85	944.50	XLON	00406930500TRLO1
16 July 2026 11:35:49	418	948.00	XLON	00406932192TRLO1
16 July 2026 11:35:52	354	948.00	XLON	00406932193TRLO1
16 July 2026 11:39:08	18	944.50	XLON	00406932274TRLO1
16 July 2026 11:51:59	51	943.50	XLON	00406932838TRLO1
16 July 2026 12:01:08	83	943.50	XLON	00406933061TRLO1
16 July 2026 12:04:33	84	943.50	XLON	00406933142TRLO1
16 July 2026 12:05:13	90	943.00	XLON	00406933147TRLO1
16 July 2026 12:06:35	87	946.00	XLON	00406933193TRLO1
16 July 2026 12:09:51	73	946.00	XLON	00406933260TRLO1
16 July 2026 12:09:51	17	946.00	XLON	00406933261TRLO1
16 July 2026 12:15:55	90	945.00	XLON	00406933385TRLO1
16 July 2026 12:15:55	90	945.00	XLON	00406933386TRLO1
16 July 2026 12:20:30	85	945.50	XLON	00406933515TRLO1
16 July 2026 12:20:32	85	945.00	XLON	00406933518TRLO1
16 July 2026 12:34:39	53	945.50	XLON	00406934003TRLO1
16 July 2026 12:34:39	6	945.50	XLON	00406934004TRLO1
16 July 2026 12:34:39	108	945.50	XLON	00406934005TRLO1
16 July 2026 12:38:34	91	945.50	XLON	00406934144TRLO1
16 July 2026 12:41:12	86	945.00	XLON	00406934173TRLO1
16 July 2026 12:47:07	171	945.50	XLON	00406934403TRLO1
16 July 2026 12:51:19	84	945.00	XLON	00406934735TRLO1
16 July 2026 13:04:21	86	947.50	XLON	00406935098TRLO1
16 July 2026 13:05:10	83	947.00	XLON	00406935120TRLO1
16 July 2026 13:09:05	44	947.00	XLON	00406935243TRLO1
16 July 2026 13:09:05	39	947.00	XLON	00406935244TRLO1
16 July 2026 13:09:05	83	947.00	XLON	00406935245TRLO1
16 July 2026 13:11:48	168	946.50	XLON	00406935298TRLO1
16 July 2026 13:17:15	84	945.00	XLON	00406935441TRLO1
16 July 2026 13:17:15	169	945.00	XLON	00406935442TRLO1
16 July 2026 13:22:07	44	946.00	XLON	00406935594TRLO1
16 July 2026 13:24:14	84	946.00	XLON	00406935648TRLO1
16 July 2026 13:30:38	172	945.50	XLON	00406935865TRLO1
16 July 2026 13:40:40	36	946.00	XLON	00406936232TRLO1
16 July 2026 13:41:57	48	946.00	XLON	00406936284TRLO1
16 July 2026 13:41:57	31	946.00	XLON	00406936285TRLO1
16 July 2026 13:41:57	5	946.00	XLON	00406936286TRLO1
16 July 2026 13:42:21	30	946.00	XLON	00406936301TRLO1
16 July 2026 13:43:59	90	946.00	XLON	00406936394TRLO1
16 July 2026 13:44:44	88	945.50	XLON	00406936413TRLO1
16 July 2026 13:45:36	33	945.00	XLON	00406936432TRLO1
16 July 2026 13:45:36	57	945.00	XLON	00406936433TRLO1
16 July 2026 13:48:48	13	945.50	XLON	00406936511TRLO1
16 July 2026 13:52:05	269	947.50	XLON	00406936593TRLO1
16 July 2026 13:55:45	177	946.50	XLON	00406936685TRLO1
16 July 2026 14:00:23	175	945.00	XLON	00406936877TRLO1
16 July 2026 14:12:33	85	946.50	XLON	00406937305TRLO1
16 July 2026 14:18:12	177	945.50	XLON	00406937585TRLO1
16 July 2026 14:26:12	126	944.50	XLON	00406937844TRLO1
16 July 2026 14:26:12	53	944.50	XLON	00406937845TRLO1
16 July 2026 14:28:58	168	942.50	XLON	00406937983TRLO1
16 July 2026 14:30:25	179	941.50	XLON	00406938035TRLO1
16 July 2026 14:31:16	173	940.50	XLON	00406938146TRLO1
16 July 2026 14:33:36	266	939.00	XLON	00406938253TRLO1
16 July 2026 14:40:46	86	938.00	XLON	00406938700TRLO1
16 July 2026 14:40:46	86	938.00	XLON	00406938701TRLO1
16 July 2026 14:40:46	85	938.00	XLON	00406938702TRLO1
16 July 2026 14:43:30	103	939.00	XLON	00406938841TRLO1
16 July 2026 14:43:30	149	939.00	XLON	00406938842TRLO1
16 July 2026 14:52:13	171	940.00	XLON	00406939538TRLO1
16 July 2026 14:53:34	177	939.50	XLON	00406939630TRLO1
16 July 2026 14:59:43	167	938.00	XLON	00406940052TRLO1
16 July 2026 15:05:36	171	938.00	XLON	00406940503TRLO1
16 July 2026 15:05:36	86	938.00	XLON	00406940504TRLO1
16 July 2026 15:05:36	180	937.50	XLON	00406940505TRLO1
16 July 2026 15:06:36	168	937.00	XLON	00406940643TRLO1
16 July 2026 15:08:21	113	938.00	XLON	00406940886TRLO1
16 July 2026 15:08:21	52	938.00	XLON	00406940887TRLO1
16 July 2026 15:13:39	83	937.50	XLON	00406941296TRLO1
16 July 2026 15:15:11	87	936.50	XLON	00406941442TRLO1
16 July 2026 15:15:11	87	936.50	XLON	00406941443TRLO1
16 July 2026 15:18:15	165	936.00	XLON	00406941628TRLO1
16 July 2026 15:18:15	83	936.00	XLON	00406941629TRLO1
16 July 2026 15:30:24	177	938.00	XLON	00406942571TRLO1
16 July 2026 15:30:24	89	938.00	XLON	00406942572TRLO1
16 July 2026 15:30:39	269	937.50	XLON	00406942588TRLO1
16 July 2026 15:38:03	84	937.50	XLON	00406943027TRLO1
16 July 2026 15:38:21	90	937.00	XLON	00406943035TRLO1
16 July 2026 15:40:16	2	937.50	XLON	00406943116TRLO1
16 July 2026 15:40:16	85	937.50	XLON	00406943117TRLO1
16 July 2026 15:48:26	86	938.00	XLON	00406943590TRLO1
16 July 2026 15:48:26	85	937.50	XLON	00406943591TRLO1
16 July 2026 15:48:41	85	937.00	XLON	00406943604TRLO1
16 July 2026 15:51:36	52	938.00	XLON	00406943821TRLO1
16 July 2026 15:57:39	122	937.50	XLON	00406944115TRLO1
16 July 2026 15:58:30	45	937.50	XLON	00406944149TRLO1
16 July 2026 15:58:30	39	937.50	XLON	00406944150TRLO1
16 July 2026 15:59:55	78	938.00	XLON	00406944240TRLO1
16 July 2026 16:00:31	86	937.50	XLON	00406944301TRLO1
16 July 2026 16:01:32	89	937.50	XLON	00406944383TRLO1
16 July 2026 16:02:17	155	938.00	XLON	00406944425TRLO1
16 July 2026 16:02:17	105	938.00	XLON	00406944426TRLO1
16 July 2026 16:02:17	54	938.00	XLON	00406944427TRLO1
16 July 2026 16:02:17	158	938.00	XLON	00406944428TRLO1
16 July 2026 16:02:34	143	937.50	XLON	00406944434TRLO1
16 July 2026 16:05:10	146	938.50	XLON	00406944582TRLO1
16 July 2026 16:07:25	275	939.00	XLON	00406944746TRLO1
16 July 2026 16:07:49	179	938.50	XLON	00406944768TRLO1
16 July 2026 16:07:50	90	937.50	XLON	00406944769TRLO1
16 July 2026 16:18:56	120	938.00	XLON	00406945447TRLO1
16 July 2026 16:19:06	444	938.50	XLON	00406945470TRLO1
16 July 2026 16:19:06	178	938.50	XLON	00406945471TRLO1
16 July 2026 16:19:21	18	938.00	XLON	00406945478TRLO1
16 July 2026 16:19:21	71	938.00	XLON	00406945479TRLO1

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