Transaction in Own Shares

Gamma Communications PLC

24 July 2026

 

24 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:	23 July 2026
Number of ordinary shares purchased:	16,163
Lowest price per share (pence):	939.50
Highest price per share (pence):	957.00
Weighted average price per day (pence):	948.3074

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,794,868 ordinary shares since the commencement of the buyback programme and will have 90,969,483 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,465,809 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 89,465,809 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	948.3074	16,163	939.50	957.00

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
23 July 2026 08:16:43	165	957.00	XLON	00408146542TRLO1
23 July 2026 08:29:02	83	955.50	XLON	00408156903TRLO1
23 July 2026 09:49:54	23	955.50	XLON	00408227844TRLO1
23 July 2026 09:49:54	16	955.50	XLON	00408227845TRLO1
23 July 2026 09:49:54	7	955.50	XLON	00408227846TRLO1
23 July 2026 09:49:54	5	955.50	XLON	00408227847TRLO1
23 July 2026 09:50:04	11	955.50	XLON	00408228012TRLO1
23 July 2026 09:50:04	34	955.50	XLON	00408228013TRLO1
23 July 2026 09:50:04	34	955.50	XLON	00408228019TRLO1
23 July 2026 09:50:04	1	955.50	XLON	00408228020TRLO1
23 July 2026 08:22:36	171	955.00	XLON	00408150961TRLO1
23 July 2026 09:50:06	82	955.00	XLON	00408228049TRLO1
23 July 2026 09:57:11	171	955.00	XLON	00408235398TRLO1
23 July 2026 09:57:39	87	954.50	XLON	00408236041TRLO1
23 July 2026 08:30:45	81	953.50	XLON	00408158704TRLO1
23 July 2026 09:58:16	85	953.50	XLON	00408237133TRLO1
23 July 2026 09:58:16	338	953.50	XLON	00408237134TRLO1
23 July 2026 09:58:16	169	953.50	XLON	00408237135TRLO1
23 July 2026 08:25:02	80	953.00	XLON	00408152925TRLO1
23 July 2026 09:59:01	162	953.00	XLON	00408238415TRLO1
23 July 2026 09:59:20	87	953.00	XLON	00408238856TRLO1
23 July 2026 09:05:41	87	952.00	XLON	00408188589TRLO1
23 July 2026 11:48:17	81	952.00	XLON	00408333136TRLO1
23 July 2026 16:16:03	6	952.00	XLON	00408351435TRLO1
23 July 2026 16:16:03	117	952.00	XLON	00408351436TRLO1
23 July 2026 09:45:01	81	951.50	XLON	00408223058TRLO1
23 July 2026 16:02:49	66	951.50	XLON	00408350038TRLO1
23 July 2026 16:02:49	22	951.50	XLON	00408350039TRLO1
23 July 2026 16:13:15	80	951.50	XLON	00408351100TRLO1
23 July 2026 16:16:03	87	951.50	XLON	00408351437TRLO1
23 July 2026 16:19:08	79	951.50	XLON	00408351726TRLO1
23 July 2026 16:19:08	9	951.50	XLON	00408351727TRLO1
23 July 2026 16:19:49	1	951.50	XLON	00408351796TRLO1
23 July 2026 16:19:49	22	951.50	XLON	00408351797TRLO1
23 July 2026 16:19:50	67	951.50	XLON	00408351798TRLO1
23 July 2026 08:33:02	83	951.00	XLON	00408160564TRLO1
23 July 2026 08:33:02	87	951.00	XLON	00408160565TRLO1
23 July 2026 10:10:02	86	951.00	XLON	00408258165TRLO1
23 July 2026 10:10:02	86	951.00	XLON	00408258166TRLO1
23 July 2026 16:06:30	163	951.00	XLON	00408350423TRLO1
23 July 2026 16:06:30	81	951.00	XLON	00408350424TRLO1
23 July 2026 16:14:00	85	951.00	XLON	00408351149TRLO1
23 July 2026 16:16:27	86	951.00	XLON	00408351472TRLO1
23 July 2026 10:12:50	82	950.50	XLON	00408263723TRLO1
23 July 2026 10:44:52	154	950.50	XLON	00408313510TRLO1
23 July 2026 10:46:50	76	950.50	XLON	00408316239TRLO1
23 July 2026 10:51:15	86	950.50	XLON	00408321763TRLO1
23 July 2026 10:51:15	85	950.50	XLON	00408321764TRLO1
23 July 2026 11:09:47	83	950.50	XLON	00408330980TRLO1
23 July 2026 11:21:35	87	950.50	XLON	00408331443TRLO1
23 July 2026 11:53:05	81	950.50	XLON	00408333330TRLO1
23 July 2026 11:53:05	80	950.50	XLON	00408333331TRLO1
23 July 2026 15:39:36	143	950.50	XLON	00408347903TRLO1
23 July 2026 15:57:11	90	950.50	XLON	00408349501TRLO1
23 July 2026 15:57:11	83	950.50	XLON	00408349502TRLO1
23 July 2026 16:01:29	86	950.50	XLON	00408349915TRLO1
23 July 2026 16:01:29	86	950.50	XLON	00408349916TRLO1
23 July 2026 16:03:22	173	950.50	XLON	00408350085TRLO1
23 July 2026 16:10:11	80	950.50	XLON	00408350783TRLO1
23 July 2026 16:10:11	161	950.50	XLON	00408350784TRLO1
23 July 2026 08:38:41	80	950.00	XLON	00408164942TRLO1
23 July 2026 10:24:46	174	950.00	XLON	00408279422TRLO1
23 July 2026 10:25:02	173	950.00	XLON	00408279797TRLO1
23 July 2026 10:46:50	165	950.00	XLON	00408316240TRLO1
23 July 2026 10:51:16	87	950.00	XLON	00408321765TRLO1
23 July 2026 10:51:20	80	950.00	XLON	00408321815TRLO1
23 July 2026 11:12:33	83	950.00	XLON	00408331124TRLO1
23 July 2026 11:12:40	80	950.00	XLON	00408331127TRLO1
23 July 2026 11:13:01	80	950.00	XLON	00408331143TRLO1
23 July 2026 11:14:45	84	950.00	XLON	00408331189TRLO1
23 July 2026 11:15:19	83	950.00	XLON	00408331210TRLO1
23 July 2026 11:27:13	87	950.00	XLON	00408331628TRLO1
23 July 2026 11:27:13	86	950.00	XLON	00408331629TRLO1
23 July 2026 11:29:27	80	950.00	XLON	00408331685TRLO1
23 July 2026 11:30:05	87	950.00	XLON	00408331707TRLO1
23 July 2026 15:39:36	82	950.00	XLON	00408347904TRLO1
23 July 2026 16:01:31	172	950.00	XLON	00408349918TRLO1
23 July 2026 16:11:37	81	950.00	XLON	00408350938TRLO1
23 July 2026 09:41:27	161	949.50	XLON	00408219405TRLO1
23 July 2026 10:42:52	52	949.50	XLON	00408310113TRLO1
23 July 2026 10:43:07	33	949.50	XLON	00408310480TRLO1
23 July 2026 10:43:07	52	949.50	XLON	00408310481TRLO1
23 July 2026 10:46:50	170	949.50	XLON	00408316241TRLO1
23 July 2026 10:51:23	80	949.50	XLON	00408321880TRLO1
23 July 2026 10:54:28	3	949.50	XLON	00408325561TRLO1
23 July 2026 10:54:28	4	949.50	XLON	00408325562TRLO1
23 July 2026 10:54:28	79	949.50	XLON	00408325563TRLO1
23 July 2026 11:32:35	86	949.50	XLON	00408331891TRLO1
23 July 2026 11:32:35	86	949.50	XLON	00408331892TRLO1
23 July 2026 11:32:35	172	949.50	XLON	00408331893TRLO1
23 July 2026 15:36:42	80	949.50	XLON	00408347726TRLO1
23 July 2026 15:40:47	81	949.50	XLON	00408348001TRLO1
23 July 2026 15:43:05	60	949.50	XLON	00408348241TRLO1
23 July 2026 15:43:05	27	949.50	XLON	00408348242TRLO1
23 July 2026 15:55:04	161	949.50	XLON	00408349287TRLO1
23 July 2026 15:30:58	170	949.00	XLON	00408347075TRLO1
23 July 2026 08:42:00	81	948.50	XLON	00408167438TRLO1
23 July 2026 12:23:27	81	948.50	XLON	00408334943TRLO1
23 July 2026 15:31:52	163	948.50	XLON	00408347189TRLO1
23 July 2026 15:34:15	161	948.50	XLON	00408347411TRLO1
23 July 2026 15:49:41	167	948.50	XLON	00408348806TRLO1
23 July 2026 08:33:15	83	948.00	XLON	00408160816TRLO1
23 July 2026 08:37:11	85	948.00	XLON	00408163848TRLO1
23 July 2026 11:56:42	171	948.00	XLON	00408333537TRLO1
23 July 2026 12:00:01	87	948.00	XLON	00408333834TRLO1
23 July 2026 12:23:27	81	948.00	XLON	00408334942TRLO1
23 July 2026 15:43:37	87	948.00	XLON	00408348301TRLO1
23 July 2026 09:38:44	160	947.50	XLON	00408216956TRLO1
23 July 2026 12:23:27	81	947.50	XLON	00408334941TRLO1
23 July 2026 13:34:52	181	947.50	XLON	00408338078TRLO1
23 July 2026 15:45:37	169	947.50	XLON	00408348431TRLO1
23 July 2026 15:47:39	161	947.50	XLON	00408348628TRLO1
23 July 2026 12:04:25	87	947.00	XLON	00408334058TRLO1
23 July 2026 12:04:25	4	947.00	XLON	00408334059TRLO1
23 July 2026 12:05:31	82	947.00	XLON	00408334142TRLO1
23 July 2026 12:05:31	5	947.00	XLON	00408334143TRLO1
23 July 2026 13:37:45	46	947.00	XLON	00408338281TRLO1
23 July 2026 13:37:45	2	947.00	XLON	00408338282TRLO1
23 July 2026 13:37:45	38	947.00	XLON	00408338283TRLO1
23 July 2026 13:37:54	83	947.00	XLON	00408338287TRLO1
23 July 2026 09:15:51	87	946.50	XLON	00408198131TRLO1
23 July 2026 12:05:32	85	946.50	XLON	00408334151TRLO1
23 July 2026 13:40:02	82	946.50	XLON	00408338365TRLO1
23 July 2026 15:23:38	43	946.50	XLON	00408346299TRLO1
23 July 2026 15:23:38	44	946.50	XLON	00408346300TRLO1
23 July 2026 15:24:58	87	946.50	XLON	00408346401TRLO1
23 July 2026 09:15:51	87	946.00	XLON	00408198133TRLO1
23 July 2026 13:02:21	22	946.00	XLON	00408336601TRLO1
23 July 2026 13:02:21	61	946.00	XLON	00408336602TRLO1
23 July 2026 13:25:51	82	946.00	XLON	00408337664TRLO1
23 July 2026 13:44:06	82	946.00	XLON	00408338575TRLO1
23 July 2026 09:17:12	87	945.50	XLON	00408199315TRLO1
23 July 2026 09:21:17	86	945.50	XLON	00408202315TRLO1
23 July 2026 13:43:15	86	945.50	XLON	00408338541TRLO1
23 July 2026 12:22:05	82	945.00	XLON	00408334879TRLO1
23 July 2026 12:39:04	71	945.00	XLON	00408335625TRLO1
23 July 2026 12:39:04	1	945.00	XLON	00408335626TRLO1
23 July 2026 12:39:04	1	945.00	XLON	00408335627TRLO1
23 July 2026 12:39:04	14	945.00	XLON	00408335628TRLO1
23 July 2026 13:03:32	1	945.00	XLON	00408336660TRLO1
23 July 2026 13:03:32	1	945.00	XLON	00408336661TRLO1
23 July 2026 13:03:32	82	945.00	XLON	00408336662TRLO1
23 July 2026 13:03:32	83	945.00	XLON	00408336663TRLO1
23 July 2026 13:16:49	84	945.00	XLON	00408337171TRLO1
23 July 2026 13:16:49	84	945.00	XLON	00408337172TRLO1
23 July 2026 13:49:15	83	945.00	XLON	00408338981TRLO1
23 July 2026 13:49:15	82	945.00	XLON	00408338982TRLO1
23 July 2026 14:33:44	81	945.00	XLON	00408341556TRLO1
23 July 2026 14:33:44	81	945.00	XLON	00408341557TRLO1
23 July 2026 09:31:18	85	944.50	XLON	00408211146TRLO1
23 July 2026 09:31:18	87	944.50	XLON	00408211147TRLO1
23 July 2026 09:32:44	87	944.50	XLON	00408212234TRLO1
23 July 2026 12:10:21	52	944.00	XLON	00408334503TRLO1
23 July 2026 13:16:49	168	944.00	XLON	00408337194TRLO1
23 July 2026 14:04:20	85	944.00	XLON	00408339643TRLO1
23 July 2026 14:04:20	84	944.00	XLON	00408339644TRLO1
23 July 2026 14:04:20	84	944.00	XLON	00408339645TRLO1
23 July 2026 14:04:20	84	944.00	XLON	00408339646TRLO1
23 July 2026 14:27:06	80	944.00	XLON	00408341022TRLO1
23 July 2026 14:29:39	328	944.00	XLON	00408341164TRLO1
23 July 2026 15:18:50	86	944.00	XLON	00408345519TRLO1
23 July 2026 15:19:17	81	944.00	XLON	00408345554TRLO1
23 July 2026 14:29:38	87	943.50	XLON	00408341155TRLO1
23 July 2026 14:29:38	87	943.50	XLON	00408341156TRLO1
23 July 2026 14:29:38	87	943.50	XLON	00408341157TRLO1
23 July 2026 14:29:38	87	943.50	XLON	00408341158TRLO1
23 July 2026 15:01:16	260	943.00	XLON	00408344009TRLO1
23 July 2026 14:04:20	242	942.50	XLON	00408339647TRLO1
23 July 2026 14:45:10	80	942.50	XLON	00408342632TRLO1
23 July 2026 15:07:16	159	942.50	XLON	00408344514TRLO1
23 July 2026 15:07:16	79	942.50	XLON	00408344515TRLO1
23 July 2026 15:08:06	81	942.00	XLON	00408344565TRLO1
23 July 2026 14:06:12	160	941.50	XLON	00408339847TRLO1
23 July 2026 14:56:56	1	941.00	XLON	00408343724TRLO1
23 July 2026 14:56:56	158	941.00	XLON	00408343725TRLO1
23 July 2026 14:07:23	200	940.00	XLON	00408339925TRLO1
23 July 2026 14:49:20	87	939.50	XLON	00408343077TRLO1
23 July 2026 14:49:20	86	939.50	XLON	00408343078TRLO1
23 July 2026 14:49:20	62	939.50	XLON	00408343079TRLO1

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