Transaction in Own Shares

Gamma Communications PLC

21 July 2026

 

21 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:	20 July 2026
Number of ordinary shares purchased:	13,292
Lowest price per share (pence):	937.00
Highest price per share (pence):	951.50
Weighted average price per day (pence):	943.6978

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,747,063 ordinary shares since the commencement of the buyback programme and will have 91,017,288 ordinary shares in issue. There are 1,514,022 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,503,266 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 89,503,266 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	943.6978	13,292	937.00	951.50

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
20 July 2026 08:00:07	79	950.00	XLON	00407225441TRLO1
20 July 2026 08:08:08	86	940.50	XLON	00407231189TRLO1
20 July 2026 08:18:12	87	943.00	XLON	00407236987TRLO1
20 July 2026 08:20:47	80	942.50	XLON	00407238169TRLO1
20 July 2026 08:32:28	167	945.50	XLON	00407243465TRLO1
20 July 2026 08:32:29	86	943.50	XLON	00407243470TRLO1
20 July 2026 08:37:56	82	949.00	XLON	00407245912TRLO1
20 July 2026 09:05:03	29	949.00	XLON	00407260490TRLO1
20 July 2026 09:05:03	21	949.00	XLON	00407260491TRLO1
20 July 2026 09:05:03	86	947.50	XLON	00407260492TRLO1
20 July 2026 09:05:47	84	946.00	XLON	00407260805TRLO1
20 July 2026 09:06:22	25	946.50	XLON	00407261175TRLO1
20 July 2026 09:06:57	70	946.50	XLON	00407261423TRLO1
20 July 2026 09:07:00	4	947.00	XLON	00407261439TRLO1
20 July 2026 09:07:00	40	947.00	XLON	00407261440TRLO1
20 July 2026 09:07:00	74	947.00	XLON	00407261441TRLO1
20 July 2026 09:07:00	83	947.00	XLON	00407261442TRLO1
20 July 2026 09:07:52	82	945.00	XLON	00407261966TRLO1
20 July 2026 09:44:21	81	947.00	XLON	00407280335TRLO1
20 July 2026 09:54:57	80	948.50	XLON	00407285877TRLO1
20 July 2026 09:56:24	82	949.50	XLON	00407286561TRLO1
20 July 2026 09:58:10	86	949.50	XLON	00407287898TRLO1
20 July 2026 10:10:28	168	951.50	XLON	00407299356TRLO1
20 July 2026 10:21:00	83	949.00	XLON	00407315965TRLO1
20 July 2026 10:21:00	83	949.00	XLON	00407315966TRLO1
20 July 2026 10:21:05	170	948.50	XLON	00407316035TRLO1
20 July 2026 10:21:11	172	947.50	XLON	00407316177TRLO1
20 July 2026 10:21:21	159	946.50	XLON	00407316434TRLO1
20 July 2026 10:29:57	336	946.50	XLON	00407327567TRLO1
20 July 2026 10:30:22	244	946.00	XLON	00407328364TRLO1
20 July 2026 10:44:09	15	947.50	XLON	00407344104TRLO1
20 July 2026 10:44:09	346	946.50	XLON	00407344105TRLO1
20 July 2026 10:50:03	243	945.00	XLON	00407348988TRLO1
20 July 2026 10:50:14	173	944.00	XLON	00407349145TRLO1
20 July 2026 10:50:36	173	944.50	XLON	00407349464TRLO1
20 July 2026 11:01:31	82	944.00	XLON	00407355294TRLO1
20 July 2026 11:01:31	82	944.00	XLON	00407355295TRLO1
20 July 2026 11:05:23	167	943.50	XLON	00407355434TRLO1
20 July 2026 11:16:29	22	944.50	XLON	00407355787TRLO1
20 July 2026 11:16:29	117	944.50	XLON	00407355788TRLO1
20 July 2026 11:16:34	170	943.50	XLON	00407355791TRLO1
20 July 2026 11:17:50	87	943.50	XLON	00407355816TRLO1
20 July 2026 11:24:15	19	946.00	XLON	00407355995TRLO1
20 July 2026 11:24:25	171	944.50	XLON	00407355997TRLO1
20 July 2026 11:31:26	171	944.50	XLON	00407356259TRLO1
20 July 2026 11:31:35	87	943.50	XLON	00407356266TRLO1
20 July 2026 11:40:38	83	942.50	XLON	00407357225TRLO1
20 July 2026 11:40:38	82	942.50	XLON	00407357226TRLO1
20 July 2026 11:42:02	37	942.00	XLON	00407357259TRLO1
20 July 2026 11:46:22	37	942.00	XLON	00407357336TRLO1
20 July 2026 11:46:22	48	942.00	XLON	00407357337TRLO1
20 July 2026 11:46:22	85	942.00	XLON	00407357338TRLO1
20 July 2026 11:46:22	67	942.00	XLON	00407357339TRLO1
20 July 2026 11:46:22	1	942.00	XLON	00407357340TRLO1
20 July 2026 11:46:22	67	942.00	XLON	00407357341TRLO1
20 July 2026 11:46:35	69	942.00	XLON	00407357343TRLO1
20 July 2026 11:46:41	67	942.00	XLON	00407357348TRLO1
20 July 2026 11:46:47	68	942.00	XLON	00407357349TRLO1
20 July 2026 11:46:54	245	942.00	XLON	00407357351TRLO1
20 July 2026 11:50:44	81	942.00	XLON	00407357435TRLO1
20 July 2026 12:04:32	84	943.00	XLON	00407357797TRLO1
20 July 2026 12:04:45	87	942.50	XLON	00407357805TRLO1
20 July 2026 12:07:36	83	942.00	XLON	00407357845TRLO1
20 July 2026 12:09:24	45	942.00	XLON	00407357892TRLO1
20 July 2026 12:09:24	41	942.00	XLON	00407357893TRLO1
20 July 2026 12:09:27	45	942.00	XLON	00407357894TRLO1
20 July 2026 12:10:01	41	942.00	XLON	00407357926TRLO1
20 July 2026 12:11:28	32	942.00	XLON	00407357980TRLO1
20 July 2026 12:11:28	55	942.00	XLON	00407357981TRLO1
20 July 2026 12:14:54	35	942.00	XLON	00407358016TRLO1
20 July 2026 12:14:54	30	942.00	XLON	00407358017TRLO1
20 July 2026 12:14:54	22	942.00	XLON	00407358018TRLO1
20 July 2026 12:18:52	2	942.00	XLON	00407358062TRLO1
20 July 2026 12:18:52	85	942.00	XLON	00407358063TRLO1
20 July 2026 12:27:08	34	942.50	XLON	00407358306TRLO1
20 July 2026 12:27:38	57	942.50	XLON	00407358308TRLO1
20 July 2026 12:27:43	56	942.50	XLON	00407358311TRLO1
20 July 2026 12:27:43	82	942.00	XLON	00407358312TRLO1
20 July 2026 12:28:30	86	942.00	XLON	00407358335TRLO1
20 July 2026 12:42:35	294	944.50	XLON	00407359244TRLO1
20 July 2026 12:42:35	24	944.50	XLON	00407359245TRLO1
20 July 2026 12:42:35	319	944.00	XLON	00407359246TRLO1
20 July 2026 12:42:38	243	943.50	XLON	00407359247TRLO1
20 July 2026 13:02:04	85	946.00	XLON	00407359921TRLO1
20 July 2026 13:02:31	86	944.50	XLON	00407359945TRLO1
20 July 2026 13:02:32	87	944.50	XLON	00407359947TRLO1
20 July 2026 13:02:32	80	943.00	XLON	00407359960TRLO1
20 July 2026 13:14:00	86	945.00	XLON	00407360300TRLO1
20 July 2026 13:18:29	83	946.00	XLON	00407360415TRLO1
20 July 2026 13:18:29	81	945.00	XLON	00407360416TRLO1
20 July 2026 13:19:44	83	944.50	XLON	00407360459TRLO1
20 July 2026 13:19:44	84	944.00	XLON	00407360460TRLO1
20 July 2026 13:30:26	80	944.00	XLON	00407360711TRLO1
20 July 2026 13:31:47	86	944.00	XLON	00407360736TRLO1
20 July 2026 13:38:45	83	943.00	XLON	00407360838TRLO1
20 July 2026 13:41:12	85	942.50	XLON	00407360895TRLO1
20 July 2026 13:42:56	87	942.00	XLON	00407360957TRLO1
20 July 2026 13:52:52	82	941.00	XLON	00407361215TRLO1
20 July 2026 13:53:21	86	940.50	XLON	00407361223TRLO1
20 July 2026 13:56:11	87	940.00	XLON	00407361302TRLO1
20 July 2026 14:08:28	83	943.50	XLON	00407361660TRLO1
20 July 2026 14:13:58	80	943.00	XLON	00407361787TRLO1
20 July 2026 14:23:03	85	944.50	XLON	00407362021TRLO1
20 July 2026 14:27:56	83	943.50	XLON	00407362129TRLO1
20 July 2026 14:30:55	61	944.50	XLON	00407362286TRLO1
20 July 2026 14:31:23	80	944.50	XLON	00407362318TRLO1
20 July 2026 14:32:14	85	945.00	XLON	00407362371TRLO1
20 July 2026 14:36:45	54	943.00	XLON	00407362608TRLO1
20 July 2026 14:36:50	33	943.00	XLON	00407362618TRLO1
20 July 2026 14:36:50	54	943.00	XLON	00407362619TRLO1
20 July 2026 14:43:59	80	942.50	XLON	00407363104TRLO1
20 July 2026 14:45:31	86	942.00	XLON	00407363191TRLO1
20 July 2026 14:45:43	114	941.50	XLON	00407363206TRLO1
20 July 2026 14:51:31	85	942.50	XLON	00407363433TRLO1
20 July 2026 14:52:17	18	942.00	XLON	00407363458TRLO1
20 July 2026 14:52:17	159	942.00	XLON	00407363459TRLO1
20 July 2026 14:54:16	68	942.00	XLON	00407363575TRLO1
20 July 2026 14:54:16	13	942.00	XLON	00407363576TRLO1
20 July 2026 14:56:04	24	942.00	XLON	00407363662TRLO1
20 July 2026 14:56:04	42	942.00	XLON	00407363663TRLO1
20 July 2026 14:57:33	2	941.50	XLON	00407363742TRLO1
20 July 2026 14:57:33	85	941.50	XLON	00407363743TRLO1
20 July 2026 15:00:42	87	941.00	XLON	00407363863TRLO1
20 July 2026 15:01:16	87	940.50	XLON	00407363905TRLO1
20 July 2026 15:02:10	85	940.00	XLON	00407363940TRLO1
20 July 2026 15:02:10	85	940.00	XLON	00407363941TRLO1
20 July 2026 15:02:10	81	940.00	XLON	00407363942TRLO1
20 July 2026 15:06:30	81	940.50	XLON	00407364073TRLO1
20 July 2026 15:06:51	87	940.00	XLON	00407364076TRLO1
20 July 2026 15:06:51	46	940.00	XLON	00407364077TRLO1
20 July 2026 15:06:51	40	940.00	XLON	00407364078TRLO1
20 July 2026 15:06:51	1	940.00	XLON	00407364079TRLO1
20 July 2026 15:14:11	164	937.00	XLON	00407364530TRLO1
20 July 2026 15:14:31	166	937.00	XLON	00407364540TRLO1
20 July 2026 15:28:07	84	940.50	XLON	00407365015TRLO1
20 July 2026 15:30:33	52	942.50	XLON	00407365144TRLO1
20 July 2026 15:30:33	80	942.50	XLON	00407365145TRLO1
20 July 2026 15:30:33	22	942.50	XLON	00407365146TRLO1
20 July 2026 15:30:33	82	942.00	XLON	00407365147TRLO1
20 July 2026 15:37:45	162	941.50	XLON	00407365519TRLO1
20 July 2026 15:41:26	86	941.00	XLON	00407365738TRLO1
20 July 2026 15:41:26	84	940.50	XLON	00407365739TRLO1
20 July 2026 15:41:26	18	940.50	XLON	00407365740TRLO1
20 July 2026 15:41:27	25	940.50	XLON	00407365741TRLO1
20 July 2026 15:52:51	87	942.50	XLON	00407366559TRLO1
20 July 2026 15:53:52	81	942.00	XLON	00407366668TRLO1
20 July 2026 15:58:09	22	941.50	XLON	00407366959TRLO1
20 July 2026 15:58:09	58	941.50	XLON	00407366960TRLO1
20 July 2026 15:58:09	52	941.50	XLON	00407366961TRLO1
20 July 2026 16:01:04	81	941.50	XLON	00407367228TRLO1
20 July 2026 16:02:13	87	941.50	XLON	00407367316TRLO1
20 July 2026 16:05:05	80	942.00	XLON	00407367528TRLO1
20 July 2026 16:05:37	81	941.50	XLON	00407367668TRLO1

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