Transaction in Own Shares

Gamma Communications PLC

20 July 2026

 

20 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:	17 July 2026
Number of ordinary shares purchased:	16,520
Lowest price per share (pence):	930.00
Highest price per share (pence):	956.50
Weighted average price per day (pence):	940.7216

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,733,771 ordinary shares since the commencement of the buyback programme and will have 91,030,580 ordinary shares in issue. There are 1,514,022 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,516,558 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 89,516,558 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	940.7216	16,520	930.00	956.50

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
17 July 2026 08:00:56	82	938.00	XLON	00407016174TRLO1
17 July 2026 08:06:53	90	937.00	XLON	00407019879TRLO1
17 July 2026 08:07:42	89	936.00	XLON	00407020212TRLO1
17 July 2026 08:09:50	88	935.00	XLON	00407021453TRLO1
17 July 2026 08:09:50	83	934.50	XLON	00407021455TRLO1
17 July 2026 08:20:10	87	935.00	XLON	00407028614TRLO1
17 July 2026 09:05:05	173	939.00	XLON	00407052549TRLO1
17 July 2026 09:11:11	131	937.00	XLON	00407054487TRLO1
17 July 2026 09:11:23	131	937.00	XLON	00407054491TRLO1
17 July 2026 09:11:23	49	937.00	XLON	00407054492TRLO1
17 July 2026 09:20:37	37	936.50	XLON	00407054877TRLO1
17 July 2026 09:22:35	33	937.00	XLON	00407054938TRLO1
17 July 2026 09:22:39	94	937.00	XLON	00407054947TRLO1
17 July 2026 09:22:39	49	937.00	XLON	00407054948TRLO1
17 July 2026 09:22:39	94	937.00	XLON	00407054949TRLO1
17 July 2026 09:26:05	83	935.00	XLON	00407055209TRLO1
17 July 2026 09:28:45	33	937.00	XLON	00407055730TRLO1
17 July 2026 09:29:06	13	937.00	XLON	00407055799TRLO1
17 July 2026 09:29:46	82	937.00	XLON	00407055965TRLO1
17 July 2026 09:29:46	86	936.00	XLON	00407055966TRLO1
17 July 2026 09:31:13	122	936.00	XLON	00407056374TRLO1
17 July 2026 09:31:13	36	936.00	XLON	00407056375TRLO1
17 July 2026 09:38:40	87	935.00	XLON	00407059625TRLO1
17 July 2026 09:49:17	88	935.50	XLON	00407065288TRLO1
17 July 2026 09:49:37	1	935.00	XLON	00407065469TRLO1
17 July 2026 09:59:02	166	935.50	XLON	00407072353TRLO1
17 July 2026 10:08:29	86	935.00	XLON	00407077754TRLO1
17 July 2026 10:08:29	86	935.00	XLON	00407077755TRLO1
17 July 2026 10:08:52	149	935.00	XLON	00407077987TRLO1
17 July 2026 10:08:52	30	935.00	XLON	00407077988TRLO1
17 July 2026 10:09:16	400	935.00	XLON	00407078198TRLO1
17 July 2026 10:10:02	62	935.00	XLON	00407078532TRLO1
17 July 2026 10:10:10	83	936.00	XLON	00407078616TRLO1
17 July 2026 10:10:12	90	935.50	XLON	00407078672TRLO1
17 July 2026 10:10:17	86	935.00	XLON	00407078717TRLO1
17 July 2026 10:10:30	83	935.00	XLON	00407078850TRLO1
17 July 2026 10:15:03	2	934.50	XLON	00407081654TRLO1
17 July 2026 10:36:45	83	936.50	XLON	00407096933TRLO1
17 July 2026 10:38:36	88	936.00	XLON	00407098422TRLO1
17 July 2026 10:38:36	98	936.00	XLON	00407098423TRLO1
17 July 2026 11:01:32	180	935.50	XLON	00407117933TRLO1
17 July 2026 11:08:21	226	936.50	XLON	00407118264TRLO1
17 July 2026 11:08:24	250	936.50	XLON	00407118266TRLO1
17 July 2026 11:13:55	178	935.50	XLON	00407118400TRLO1
17 July 2026 11:27:35	175	935.50	XLON	00407118792TRLO1
17 July 2026 11:30:57	180	935.00	XLON	00407118890TRLO1
17 July 2026 11:43:14	166	934.50	XLON	00407119937TRLO1
17 July 2026 11:43:14	83	934.50	XLON	00407119938TRLO1
17 July 2026 11:43:14	83	934.50	XLON	00407119939TRLO1
17 July 2026 11:45:20	86	933.00	XLON	00407120001TRLO1
17 July 2026 11:49:45	1	933.00	XLON	00407120117TRLO1
17 July 2026 11:49:45	93	933.00	XLON	00407120118TRLO1
17 July 2026 11:49:45	86	933.00	XLON	00407120119TRLO1
17 July 2026 11:49:45	90	933.00	XLON	00407120120TRLO1
17 July 2026 11:49:45	90	933.00	XLON	00407120121TRLO1
17 July 2026 11:50:03	166	932.00	XLON	00407120126TRLO1
17 July 2026 11:53:56	87	930.50	XLON	00407120204TRLO1
17 July 2026 12:08:38	87	934.50	XLON	00407120565TRLO1
17 July 2026 12:20:37	90	935.50	XLON	00407120755TRLO1
17 July 2026 12:20:37	85	935.00	XLON	00407120756TRLO1
17 July 2026 12:22:49	87	934.00	XLON	00407120799TRLO1
17 July 2026 12:22:49	87	934.00	XLON	00407120800TRLO1
17 July 2026 12:37:34	84	934.50	XLON	00407121172TRLO1
17 July 2026 12:47:45	87	934.50	XLON	00407121368TRLO1
17 July 2026 12:47:55	86	935.00	XLON	00407121370TRLO1
17 July 2026 12:48:02	86	935.00	XLON	00407121372TRLO1
17 July 2026 13:03:33	177	935.00	XLON	00407121891TRLO1
17 July 2026 13:03:33	88	934.50	XLON	00407121892TRLO1
17 July 2026 13:03:33	89	934.50	XLON	00407121893TRLO1
17 July 2026 13:05:17	89	934.00	XLON	00407121929TRLO1
17 July 2026 13:14:00	89	932.00	XLON	00407122132TRLO1
17 July 2026 13:14:00	88	932.00	XLON	00407122133TRLO1
17 July 2026 13:14:00	89	932.00	XLON	00407122134TRLO1
17 July 2026 13:14:00	90	931.00	XLON	00407122135TRLO1
17 July 2026 13:16:31	90	930.00	XLON	00407122191TRLO1
17 July 2026 13:27:58	89	939.50	XLON	00407122460TRLO1
17 July 2026 13:32:19	83	943.50	XLON	00407122648TRLO1
17 July 2026 13:38:50	90	951.50	XLON	00407122798TRLO1
17 July 2026 13:38:56	83	949.50	XLON	00407122802TRLO1
17 July 2026 13:46:07	90	956.50	XLON	00407122970TRLO1
17 July 2026 13:46:16	90	953.50	XLON	00407122971TRLO1
17 July 2026 13:46:16	90	954.00	XLON	00407122972TRLO1
17 July 2026 13:50:06	90	951.00	XLON	00407123086TRLO1
17 July 2026 14:01:14	86	948.50	XLON	00407123572TRLO1
17 July 2026 14:10:07	88	946.00	XLON	00407124155TRLO1
17 July 2026 14:12:10	83	945.50	XLON	00407124229TRLO1
17 July 2026 14:12:13	69	945.00	XLON	00407124233TRLO1
17 July 2026 14:18:53	88	948.50	XLON	00407124532TRLO1
17 July 2026 14:24:19	84	949.50	XLON	00407124738TRLO1
17 July 2026 14:29:52	84	949.00	XLON	00407124944TRLO1
17 July 2026 14:29:52	83	948.50	XLON	00407124945TRLO1
17 July 2026 14:30:10	83	947.00	XLON	00407125030TRLO1
17 July 2026 14:33:41	6	946.50	XLON	00407125233TRLO1
17 July 2026 14:33:41	5	946.50	XLON	00407125234TRLO1
17 July 2026 14:33:41	157	946.50	XLON	00407125235TRLO1
17 July 2026 14:33:41	84	946.50	XLON	00407125236TRLO1
17 July 2026 14:33:48	175	946.00	XLON	00407125242TRLO1
17 July 2026 14:34:00	48	946.00	XLON	00407125269TRLO1
17 July 2026 14:34:10	100	946.00	XLON	00407125299TRLO1
17 July 2026 14:34:29	73	945.50	XLON	00407125307TRLO1
17 July 2026 14:34:29	14	945.50	XLON	00407125308TRLO1
17 July 2026 14:42:05	85	947.00	XLON	00407125863TRLO1
17 July 2026 14:46:26	89	946.00	XLON	00407126263TRLO1
17 July 2026 14:47:23	89	946.00	XLON	00407126343TRLO1
17 July 2026 14:47:23	89	946.00	XLON	00407126344TRLO1
17 July 2026 14:54:50	306	947.50	XLON	00407126802TRLO1
17 July 2026 14:54:54	270	947.00	XLON	00407126803TRLO1
17 July 2026 15:00:32	90	946.50	XLON	00407127207TRLO1
17 July 2026 15:01:30	89	946.00	XLON	00407127262TRLO1
17 July 2026 15:02:29	84	945.50	XLON	00407127301TRLO1
17 July 2026 15:03:40	89	945.50	XLON	00407127398TRLO1
17 July 2026 15:06:52	90	945.00	XLON	00407127631TRLO1
17 July 2026 15:07:57	83	945.00	XLON	00407127678TRLO1
17 July 2026 15:07:57	83	945.00	XLON	00407127679TRLO1
17 July 2026 15:07:57	171	944.50	XLON	00407127680TRLO1
17 July 2026 15:14:47	172	945.00	XLON	00407128171TRLO1
17 July 2026 15:14:49	171	943.50	XLON	00407128176TRLO1
17 July 2026 15:29:13	1	945.00	XLON	00407128904TRLO1
17 July 2026 15:31:57	85	945.00	XLON	00407128996TRLO1
17 July 2026 15:31:57	85	945.00	XLON	00407128997TRLO1
17 July 2026 15:35:36	165	945.50	XLON	00407129264TRLO1
17 July 2026 15:35:36	83	945.50	XLON	00407129265TRLO1
17 July 2026 15:39:31	4	945.50	XLON	00407129421TRLO1
17 July 2026 15:39:44	169	945.50	XLON	00407129424TRLO1
17 July 2026 15:39:46	174	945.00	XLON	00407129434TRLO1
17 July 2026 15:39:47	84	945.00	XLON	00407129437TRLO1
17 July 2026 15:42:48	330	945.00	XLON	00407129637TRLO1
17 July 2026 15:42:50	93	945.00	XLON	00407129638TRLO1
17 July 2026 15:42:50	70	945.00	XLON	00407129639TRLO1
17 July 2026 15:43:07	262	944.50	XLON	00407129651TRLO1
17 July 2026 15:44:32	167	944.00	XLON	00407129719TRLO1
17 July 2026 15:44:32	83	944.00	XLON	00407129720TRLO1
17 July 2026 15:53:20	98	945.00	XLON	00407130248TRLO1
17 July 2026 15:53:20	310	945.00	XLON	00407130249TRLO1
17 July 2026 15:53:20	249	944.50	XLON	00407130250TRLO1
17 July 2026 15:53:28	167	944.00	XLON	00407130257TRLO1
17 July 2026 15:56:46	90	944.50	XLON	00407130425TRLO1
17 July 2026 15:57:41	83	945.00	XLON	00407130476TRLO1
17 July 2026 16:00:03	179	945.00	XLON	00407130575TRLO1
17 July 2026 16:00:20	90	944.50	XLON	00407130605TRLO1
17 July 2026 16:02:44	90	942.00	XLON	00407130844TRLO1
17 July 2026 16:02:44	89	942.00	XLON	00407130845TRLO1
17 July 2026 16:03:17	88	944.00	XLON	00407130859TRLO1
17 July 2026 16:03:17	88	944.00	XLON	00407130860TRLO1
17 July 2026 16:05:29	172	943.50	XLON	00407130977TRLO1
17 July 2026 16:07:30	90	943.00	XLON	00407131073TRLO1
17 July 2026 16:08:19	85	943.00	XLON	00407131146TRLO1
17 July 2026 16:12:39	173	943.50	XLON	00407131340TRLO1
17 July 2026 16:12:47	177	943.00	XLON	00407131345TRLO1
17 July 2026 16:12:49	85	942.00	XLON	00407131346TRLO1
17 July 2026 16:13:26	89	942.00	XLON	00407131367TRLO1
17 July 2026 16:16:21	83	940.00	XLON	00407131526TRLO1
17 July 2026 16:16:21	82	940.00	XLON	00407131527TRLO1
17 July 2026 16:19:08	185	943.00	XLON	00407131698TRLO1
17 July 2026 16:19:08	63	943.00	XLON	00407131699TRLO1
17 July 2026 16:19:47	174	942.50	XLON	00407131777TRLO1

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