Transaction in Own Shares

Gamma Communications PLC

22 July 2026

 

22 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:	21 July 2026
Number of ordinary shares purchased:	15,755
Lowest price per share (pence):	943.00
Highest price per share (pence):	951.50
Weighted average price per day (pence):	947.5649

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,762,818 ordinary shares since the commencement of the buyback programme and will have 91,001,533 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,497,859 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 89,497,859 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	947.5649	15,755	943.00	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
21 July 2026 08:17:50	173	950.00	XLON	00407528685TRLO1
21 July 2026 08:26:48	171	948.50	XLON	00407540255TRLO1
21 July 2026 08:26:48	86	947.50	XLON	00407540256TRLO1
21 July 2026 08:26:48	85	947.50	XLON	00407540257TRLO1
21 July 2026 08:30:04	85	947.50	XLON	00407544051TRLO1
21 July 2026 08:37:32	85	947.00	XLON	00407557650TRLO1
21 July 2026 08:51:13	35	949.00	XLON	00407580523TRLO1
21 July 2026 08:51:13	52	949.00	XLON	00407580524TRLO1
21 July 2026 08:53:55	84	949.00	XLON	00407585865TRLO1
21 July 2026 08:53:55	3	949.00	XLON	00407585866TRLO1
21 July 2026 08:56:21	86	949.00	XLON	00407588846TRLO1
21 July 2026 09:01:50	92	949.00	XLON	00407594694TRLO1
21 July 2026 09:01:50	83	948.50	XLON	00407594695TRLO1
21 July 2026 09:08:45	69	948.00	XLON	00407606430TRLO1
21 July 2026 09:13:45	69	947.50	XLON	00407616428TRLO1
21 July 2026 09:13:45	16	947.50	XLON	00407616429TRLO1
21 July 2026 09:14:50	23	948.00	XLON	00407617451TRLO1
21 July 2026 09:31:01	25	949.00	XLON	00407640025TRLO1
21 July 2026 09:31:01	30	949.00	XLON	00407640026TRLO1
21 July 2026 09:31:01	59	949.00	XLON	00407640027TRLO1
21 July 2026 09:31:02	26	949.00	XLON	00407640038TRLO1
21 July 2026 09:32:47	80	948.50	XLON	00407643316TRLO1
21 July 2026 09:33:46	52	949.50	XLON	00407644680TRLO1
21 July 2026 09:33:46	33	949.50	XLON	00407644681TRLO1
21 July 2026 09:33:47	23	949.50	XLON	00407644703TRLO1
21 July 2026 09:33:55	83	948.50	XLON	00407644993TRLO1
21 July 2026 09:34:21	27	949.00	XLON	00407645674TRLO1
21 July 2026 09:34:21	127	949.00	XLON	00407645675TRLO1
21 July 2026 09:34:21	1	949.00	XLON	00407645676TRLO1
21 July 2026 09:34:21	64	949.00	XLON	00407645677TRLO1
21 July 2026 09:35:03	37	949.00	XLON	00407646585TRLO1
21 July 2026 09:35:08	86	948.50	XLON	00407646634TRLO1
21 July 2026 09:44:09	167	950.00	XLON	00407654166TRLO1
21 July 2026 09:44:10	171	948.50	XLON	00407654182TRLO1
21 July 2026 10:10:29	160	950.00	XLON	00407690600TRLO1
21 July 2026 10:10:29	446	950.00	XLON	00407690601TRLO1
21 July 2026 10:14:18	84	950.00	XLON	00407694476TRLO1
21 July 2026 10:16:20	84	950.00	XLON	00407698325TRLO1
21 July 2026 10:18:21	84	950.00	XLON	00407702610TRLO1
21 July 2026 10:20:27	84	950.00	XLON	00407706952TRLO1
21 July 2026 10:23:07	57	949.00	XLON	00407711247TRLO1
21 July 2026 10:23:07	30	949.00	XLON	00407711248TRLO1
21 July 2026 10:25:52	52	949.00	XLON	00407716051TRLO1
21 July 2026 10:25:52	31	949.00	XLON	00407716052TRLO1
21 July 2026 10:30:19	165	947.00	XLON	00407728885TRLO1
21 July 2026 10:30:19	83	947.00	XLON	00407728886TRLO1
21 July 2026 10:41:13	84	948.00	XLON	00407750586TRLO1
21 July 2026 10:41:13	88	948.00	XLON	00407750587TRLO1
21 July 2026 10:41:13	76	948.00	XLON	00407750588TRLO1
21 July 2026 10:41:13	3	948.00	XLON	00407750589TRLO1
21 July 2026 10:41:17	86	947.00	XLON	00407750713TRLO1
21 July 2026 10:44:55	76	948.00	XLON	00407756623TRLO1
21 July 2026 10:44:55	94	948.50	XLON	00407756624TRLO1
21 July 2026 10:47:05	3	947.50	XLON	00407765134TRLO1
21 July 2026 10:47:05	46	947.50	XLON	00407765135TRLO1
21 July 2026 10:49:24	25	948.00	XLON	00407772875TRLO1
21 July 2026 10:49:24	2	948.00	XLON	00407772876TRLO1
21 July 2026 11:10:25	250	948.50	XLON	00407794795TRLO1
21 July 2026 11:15:54	164	948.50	XLON	00407794944TRLO1
21 July 2026 11:15:54	246	948.50	XLON	00407794945TRLO1
21 July 2026 11:15:54	82	948.50	XLON	00407794946TRLO1
21 July 2026 11:15:54	82	948.50	XLON	00407794947TRLO1
21 July 2026 11:15:54	82	948.50	XLON	00407794948TRLO1
21 July 2026 11:15:54	82	948.50	XLON	00407794949TRLO1
21 July 2026 11:15:54	163	948.50	XLON	00407794950TRLO1
21 July 2026 11:46:21	322	947.50	XLON	00407796460TRLO1
21 July 2026 11:46:21	81	947.50	XLON	00407796461TRLO1
21 July 2026 11:49:31	18	948.50	XLON	00407796592TRLO1
21 July 2026 11:49:31	85	948.50	XLON	00407796593TRLO1
21 July 2026 11:49:31	135	948.50	XLON	00407796594TRLO1
21 July 2026 11:49:31	10	948.50	XLON	00407796595TRLO1
21 July 2026 11:53:02	58	948.50	XLON	00407796748TRLO1
21 July 2026 11:53:02	25	948.50	XLON	00407796749TRLO1
21 July 2026 11:56:34	83	948.50	XLON	00407796840TRLO1
21 July 2026 12:00:09	83	948.50	XLON	00407797018TRLO1
21 July 2026 12:03:01	18	948.50	XLON	00407797123TRLO1
21 July 2026 12:03:01	65	948.50	XLON	00407797124TRLO1
21 July 2026 12:03:36	166	947.00	XLON	00407797133TRLO1
21 July 2026 12:03:36	24	947.00	XLON	00407797134TRLO1
21 July 2026 12:03:36	59	947.00	XLON	00407797135TRLO1
21 July 2026 12:03:36	83	947.00	XLON	00407797136TRLO1
21 July 2026 12:06:23	239	946.00	XLON	00407797232TRLO1
21 July 2026 12:11:33	161	946.00	XLON	00407797357TRLO1
21 July 2026 12:33:14	169	946.50	XLON	00407797948TRLO1
21 July 2026 12:48:11	172	949.00	XLON	00407798271TRLO1
21 July 2026 12:48:13	170	948.50	XLON	00407798272TRLO1
21 July 2026 12:53:23	82	947.50	XLON	00407798399TRLO1
21 July 2026 13:15:25	39	949.00	XLON	00407798995TRLO1
21 July 2026 13:15:25	43	949.00	XLON	00407798996TRLO1
21 July 2026 13:15:59	83	947.00	XLON	00407799012TRLO1
21 July 2026 13:20:05	162	946.50	XLON	00407799105TRLO1
21 July 2026 13:20:32	81	946.50	XLON	00407799114TRLO1
21 July 2026 13:38:36	86	946.00	XLON	00407799588TRLO1
21 July 2026 13:38:36	87	946.00	XLON	00407799589TRLO1
21 July 2026 13:38:36	86	946.00	XLON	00407799590TRLO1
21 July 2026 13:40:05	3	946.50	XLON	00407799637TRLO1
21 July 2026 13:43:42	31	946.50	XLON	00407799835TRLO1
21 July 2026 13:43:42	34	946.50	XLON	00407799836TRLO1
21 July 2026 13:43:42	60	946.50	XLON	00407799837TRLO1
21 July 2026 13:43:42	87	946.00	XLON	00407799839TRLO1
21 July 2026 13:43:42	81	946.00	XLON	00407799840TRLO1
21 July 2026 13:46:06	80	946.00	XLON	00407799980TRLO1
21 July 2026 13:47:07	85	945.50	XLON	00407800019TRLO1
21 July 2026 13:50:43	73	948.00	XLON	00407800122TRLO1
21 July 2026 13:50:43	15	948.00	XLON	00407800123TRLO1
21 July 2026 13:50:43	15	948.00	XLON	00407800124TRLO1
21 July 2026 13:50:43	70	948.00	XLON	00407800125TRLO1
21 July 2026 13:51:17	100	947.50	XLON	00407800135TRLO1
21 July 2026 13:51:17	73	947.50	XLON	00407800136TRLO1
21 July 2026 14:21:22	165	948.50	XLON	00407801272TRLO1
21 July 2026 14:21:22	2	948.50	XLON	00407801273TRLO1
21 July 2026 14:21:22	4	948.50	XLON	00407801274TRLO1
21 July 2026 14:21:26	6	948.50	XLON	00407801277TRLO1
21 July 2026 14:30:36	94	951.50	XLON	00407801624TRLO1
21 July 2026 14:30:41	259	950.50	XLON	00407801625TRLO1
21 July 2026 14:31:55	161	950.00	XLON	00407801731TRLO1
21 July 2026 14:31:55	80	950.00	XLON	00407801732TRLO1
21 July 2026 14:32:00	249	950.00	XLON	00407801739TRLO1
21 July 2026 14:36:10	86	950.50	XLON	00407802117TRLO1
21 July 2026 14:36:59	80	950.50	XLON	00407802201TRLO1
21 July 2026 14:38:36	80	950.00	XLON	00407802273TRLO1
21 July 2026 14:40:22	81	949.50	XLON	00407802451TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802796TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802797TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802798TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802799TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802800TRLO1
21 July 2026 14:43:59	80	950.00	XLON	00407802801TRLO1
21 July 2026 14:57:21	82	949.50	XLON	00407803977TRLO1
21 July 2026 14:57:21	81	949.50	XLON	00407803978TRLO1
21 July 2026 14:57:27	165	948.00	XLON	00407803984TRLO1
21 July 2026 14:57:57	79	947.00	XLON	00407804027TRLO1
21 July 2026 14:57:57	80	947.00	XLON	00407804028TRLO1
21 July 2026 15:01:36	24	946.00	XLON	00407804246TRLO1
21 July 2026 15:01:36	23	946.00	XLON	00407804247TRLO1
21 July 2026 15:01:36	34	946.00	XLON	00407804248TRLO1
21 July 2026 15:01:36	81	946.00	XLON	00407804249TRLO1
21 July 2026 15:21:17	435	947.50	XLON	00407805994TRLO1
21 July 2026 15:21:17	418	946.50	XLON	00407805995TRLO1
21 July 2026 15:21:48	259	945.50	XLON	00407806022TRLO1
21 July 2026 15:21:48	87	945.00	XLON	00407806023TRLO1
21 July 2026 15:24:25	87	944.50	XLON	00407806222TRLO1
21 July 2026 15:24:54	81	944.50	XLON	00407806278TRLO1
21 July 2026 15:33:44	169	944.50	XLON	00407806911TRLO1
21 July 2026 15:38:45	69	943.50	XLON	00407807270TRLO1
21 July 2026 15:38:45	101	943.50	XLON	00407807271TRLO1
21 July 2026 15:38:45	85	943.50	XLON	00407807272TRLO1
21 July 2026 15:38:45	23	943.00	XLON	00407807273TRLO1
21 July 2026 15:44:09	1	944.50	XLON	00407807613TRLO1
21 July 2026 15:50:28	249	944.50	XLON	00407808092TRLO1
21 July 2026 15:50:28	4	944.50	XLON	00407808093TRLO1
21 July 2026 15:51:05	2	945.00	XLON	00407808135TRLO1
21 July 2026 15:55:41	82	944.50	XLON	00407808515TRLO1
21 July 2026 15:55:49	26	945.50	XLON	00407808519TRLO1
21 July 2026 15:58:20	96	946.50	XLON	00407808624TRLO1
21 July 2026 15:58:20	95	946.50	XLON	00407808625TRLO1
21 July 2026 15:58:20	43	946.50	XLON	00407808626TRLO1
21 July 2026 15:58:20	1	946.50	XLON	00407808627TRLO1
21 July 2026 15:58:36	173	945.50	XLON	00407808633TRLO1
21 July 2026 15:59:36	170	945.00	XLON	00407808722TRLO1
21 July 2026 16:02:50	163	944.50	XLON	00407808920TRLO1
21 July 2026 16:02:53	170	944.00	XLON	00407808924TRLO1
21 July 2026 16:02:53	94	943.50	XLON	00407808925TRLO1
21 July 2026 16:02:59	249	943.00	XLON	00407808931TRLO1
21 July 2026 16:06:35	160	944.50	XLON	00407809210TRLO1
21 July 2026 16:07:03	85	944.00	XLON	00407809242TRLO1
21 July 2026 16:11:29	86	945.00	XLON	00407809566TRLO1
21 July 2026 16:12:54	82	944.50	XLON	00407809657TRLO1
21 July 2026 16:19:20	170	946.50	XLON	00407810155TRLO1

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