Transaction in Own Shares

Gamma Communications PLC

29 July 2026

 

29 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:	28 July 2026
Number of ordinary shares purchased:	16,267
Lowest price per share (pence):	954.00
Highest price per share (pence):	979.50
Weighted average price per day (pence):	965.7220

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,843,733 ordinary shares since the commencement of the buyback programme and will have 90,920,618 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,416,944 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 89,416,944 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	965.7220	16,267	954.00	979.50

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
28 July 2026 08:05:12	84	958.00	XLON	00409084986TRLO1
28 July 2026 08:15:53	85	958.50	XLON	00409094451TRLO1
28 July 2026 08:17:37	85	958.50	XLON	00409095798TRLO1
28 July 2026 08:17:51	86	958.00	XLON	00409095975TRLO1
28 July 2026 08:22:07	80	955.50	XLON	00409099085TRLO1
28 July 2026 08:30:08	85	955.00	XLON	00409105564TRLO1
28 July 2026 08:34:01	82	955.00	XLON	00409109448TRLO1
28 July 2026 08:34:01	83	954.00	XLON	00409109451TRLO1
28 July 2026 08:43:40	83	955.50	XLON	00409117594TRLO1
28 July 2026 08:52:23	11	957.50	XLON	00409125482TRLO1
28 July 2026 08:52:23	70	957.50	XLON	00409125483TRLO1
28 July 2026 08:59:08	162	956.50	XLON	00409131562TRLO1
28 July 2026 09:15:36	253	956.00	XLON	00409145256TRLO1
28 July 2026 09:17:14	100	956.00	XLON	00409146603TRLO1
28 July 2026 09:20:35	169	956.00	XLON	00409149336TRLO1
28 July 2026 09:21:44	80	956.00	XLON	00409150243TRLO1
28 July 2026 09:34:57	257	958.50	XLON	00409161384TRLO1
28 July 2026 09:35:13	253	958.50	XLON	00409161581TRLO1
28 July 2026 09:35:41	159	958.50	XLON	00409161948TRLO1
28 July 2026 09:36:05	160	958.50	XLON	00409162421TRLO1
28 July 2026 09:36:06	240	959.00	XLON	00409161793TRLO1
28 July 2026 09:36:18	86	959.00	XLON	00409162563TRLO1
28 July 2026 09:39:21	83	960.50	XLON	00409164995TRLO1
28 July 2026 09:42:44	173	960.50	XLON	00409167762TRLO1
28 July 2026 09:42:44	162	960.00	XLON	00409167769TRLO1
28 July 2026 09:43:41	86	959.50	XLON	00409170184TRLO1
28 July 2026 09:46:14	82	959.00	XLON	00409172733TRLO1
28 July 2026 09:53:51	81	960.00	XLON	00409179736TRLO1
28 July 2026 09:54:37	86	961.00	XLON	00409179919TRLO1
28 July 2026 10:00:21	171	962.50	XLON	00409185864TRLO1
28 July 2026 10:06:20	166	962.00	XLON	00409191689TRLO1
28 July 2026 10:07:41	173	962.50	XLON	00409193076TRLO1
28 July 2026 10:17:56	167	964.50	XLON	00409203253TRLO1
28 July 2026 10:18:54	163	964.00	XLON	00409204220TRLO1
28 July 2026 10:24:54	82	963.50	XLON	00409209784TRLO1
28 July 2026 10:28:39	80	963.00	XLON	00409213665TRLO1
28 July 2026 10:28:45	83	962.50	XLON	00409213823TRLO1
28 July 2026 10:35:04	87	962.50	XLON	00409221112TRLO1
28 July 2026 10:35:04	86	962.50	XLON	00409221113TRLO1
28 July 2026 10:35:04	87	962.50	XLON	00409221114TRLO1
28 July 2026 10:35:04	87	962.50	XLON	00409221116TRLO1
28 July 2026 10:37:30	164	962.00	XLON	00409223365TRLO1
28 July 2026 10:42:55	245	962.00	XLON	00409229034TRLO1
28 July 2026 10:47:18	160	961.50	XLON	00409233532TRLO1
28 July 2026 10:47:18	79	961.50	XLON	00409233533TRLO1
28 July 2026 10:48:33	159	962.00	XLON	00409235100TRLO1
28 July 2026 10:51:14	172	962.00	XLON	00409237859TRLO1
28 July 2026 10:51:29	87	961.50	XLON	00409238075TRLO1
28 July 2026 10:53:36	87	961.00	XLON	00409240213TRLO1
28 July 2026 10:53:38	83	961.00	XLON	00409240228TRLO1
28 July 2026 10:58:53	83	961.00	XLON	00409246626TRLO1
28 July 2026 11:09:47	243	961.00	XLON	00409247952TRLO1
28 July 2026 11:12:04	252	962.00	XLON	00409248185TRLO1
28 July 2026 11:12:48	258	961.00	XLON	00409248236TRLO1
28 July 2026 11:25:39	244	961.00	XLON	00409249204TRLO1
28 July 2026 11:45:44	87	961.00	XLON	00409250993TRLO1
28 July 2026 11:46:43	162	961.00	XLON	00409251058TRLO1
28 July 2026 11:46:43	167	961.00	XLON	00409251062TRLO1
28 July 2026 11:47:34	157	961.00	XLON	00409251097TRLO1
28 July 2026 11:47:34	170	961.50	XLON	00409251102TRLO1
28 July 2026 11:48:07	87	961.50	XLON	00409251135TRLO1
28 July 2026 11:53:09	82	961.00	XLON	00409251432TRLO1
28 July 2026 11:53:09	86	961.00	XLON	00409251440TRLO1
28 July 2026 12:01:44	80	961.50	XLON	00409251942TRLO1
28 July 2026 12:07:10	84	962.50	XLON	00409252211TRLO1
28 July 2026 12:07:10	84	962.50	XLON	00409252212TRLO1
28 July 2026 12:09:41	10	962.50	XLON	00409252333TRLO1
28 July 2026 12:09:41	3	962.50	XLON	00409252334TRLO1
28 July 2026 12:09:41	3	962.50	XLON	00409252335TRLO1
28 July 2026 12:28:42	73	963.50	XLON	00409253183TRLO1
28 July 2026 12:28:42	10	963.50	XLON	00409253184TRLO1
28 July 2026 12:32:52	28	963.50	XLON	00409253311TRLO1
28 July 2026 12:32:52	13	963.50	XLON	00409253312TRLO1
28 July 2026 12:32:52	16	963.50	XLON	00409253313TRLO1
28 July 2026 12:35:44	83	963.50	XLON	00409253488TRLO1
28 July 2026 12:43:14	46	966.00	XLON	00409254067TRLO1
28 July 2026 12:43:14	1	966.00	XLON	00409254068TRLO1
28 July 2026 12:43:14	1	966.00	XLON	00409254069TRLO1
28 July 2026 12:43:19	328	966.50	XLON	00409254076TRLO1
28 July 2026 12:48:46	6	968.00	XLON	00409254379TRLO1
28 July 2026 12:48:46	242	968.00	XLON	00409254380TRLO1
28 July 2026 12:59:54	162	969.00	XLON	00409254953TRLO1
28 July 2026 13:06:03	82	969.50	XLON	00409255335TRLO1
28 July 2026 13:07:36	83	969.50	XLON	00409255398TRLO1
28 July 2026 13:16:19	82	969.00	XLON	00409256028TRLO1
28 July 2026 13:16:19	6	969.00	XLON	00409256029TRLO1
28 July 2026 13:22:44	81	969.00	XLON	00409256563TRLO1
28 July 2026 13:22:44	75	969.00	XLON	00409256564TRLO1
28 July 2026 13:22:44	88	969.00	XLON	00409256565TRLO1
28 July 2026 13:27:12	160	969.00	XLON	00409256841TRLO1
28 July 2026 13:27:12	87	968.50	XLON	00409256842TRLO1
28 July 2026 13:39:05	87	968.00	XLON	00409257487TRLO1
28 July 2026 13:39:05	86	968.00	XLON	00409257488TRLO1
28 July 2026 13:41:11	169	968.00	XLON	00409257597TRLO1
28 July 2026 14:01:36	83	967.50	XLON	00409258552TRLO1
28 July 2026 14:01:36	82	967.50	XLON	00409258553TRLO1
28 July 2026 14:01:36	83	967.50	XLON	00409258554TRLO1
28 July 2026 14:01:36	82	967.50	XLON	00409258555TRLO1
28 July 2026 14:19:18	164	967.50	XLON	00409259655TRLO1
28 July 2026 14:19:19	160	967.00	XLON	00409259656TRLO1
28 July 2026 14:21:20	80	967.50	XLON	00409259765TRLO1
28 July 2026 14:21:20	6	968.00	XLON	00409259766TRLO1
28 July 2026 14:21:20	10	968.00	XLON	00409259767TRLO1
28 July 2026 14:21:20	19	968.00	XLON	00409259768TRLO1
28 July 2026 14:21:20	84	967.50	XLON	00409259769TRLO1
28 July 2026 14:21:30	85	967.50	XLON	00409259812TRLO1
28 July 2026 14:23:36	84	967.00	XLON	00409260021TRLO1
28 July 2026 14:33:15	45	969.50	XLON	00409260913TRLO1
28 July 2026 14:33:15	19	969.50	XLON	00409260914TRLO1
28 July 2026 14:40:05	1	972.00	XLON	00409261894TRLO1
28 July 2026 14:41:11	163	970.50	XLON	00409262095TRLO1
28 July 2026 14:41:11	81	970.50	XLON	00409262096TRLO1
28 July 2026 14:41:11	249	970.00	XLON	00409262097TRLO1
28 July 2026 14:41:21	166	969.50	XLON	00409262105TRLO1
28 July 2026 14:41:22	173	969.50	XLON	00409262106TRLO1
28 July 2026 14:45:08	80	969.50	XLON	00409262608TRLO1
28 July 2026 14:45:33	87	968.50	XLON	00409262647TRLO1
28 July 2026 14:55:31	168	972.50	XLON	00409263796TRLO1
28 July 2026 14:57:38	87	972.00	XLON	00409264069TRLO1
28 July 2026 14:57:38	86	972.00	XLON	00409264070TRLO1
28 July 2026 14:58:11	86	972.00	XLON	00409264100TRLO1
28 July 2026 15:00:00	80	971.00	XLON	00409264306TRLO1
28 July 2026 15:03:08	87	971.00	XLON	00409264723TRLO1
28 July 2026 15:11:36	87	972.00	XLON	00409265723TRLO1
28 July 2026 15:16:27	82	972.00	XLON	00409266376TRLO1
28 July 2026 15:31:17	173	976.00	XLON	00409267772TRLO1
28 July 2026 15:31:17	147	976.00	XLON	00409267773TRLO1
28 July 2026 15:32:05	159	974.00	XLON	00409267811TRLO1
28 July 2026 15:32:21	165	975.50	XLON	00409267792TRLO1
28 July 2026 15:38:02	480	977.00	XLON	00409268246TRLO1
28 July 2026 15:43:42	242	979.00	XLON	00409268660TRLO1
28 July 2026 15:44:29	86	978.50	XLON	00409268696TRLO1
28 July 2026 15:53:48	168	978.00	XLON	00409269647TRLO1
28 July 2026 15:54:11	6	978.00	XLON	00409269682TRLO1
28 July 2026 15:54:36	81	977.50	XLON	00409269717TRLO1
28 July 2026 15:54:36	6	977.50	XLON	00409269718TRLO1
28 July 2026 15:54:36	76	977.50	XLON	00409269719TRLO1
28 July 2026 15:56:24	84	977.50	XLON	00409269918TRLO1
28 July 2026 15:56:55	81	977.00	XLON	00409269964TRLO1
28 July 2026 15:59:11	87	976.50	XLON	00409270128TRLO1
28 July 2026 16:02:21	87	976.00	XLON	00409270655TRLO1
28 July 2026 16:03:35	83	975.50	XLON	00409270801TRLO1
28 July 2026 16:07:17	84	975.00	XLON	00409271075TRLO1
28 July 2026 16:09:51	86	975.50	XLON	00409271281TRLO1
28 July 2026 16:15:18	79	978.50	XLON	00409272151TRLO1
28 July 2026 16:16:08	79	978.50	XLON	00409272150TRLO1
28 July 2026 16:16:24	80	979.50	XLON	00409272381TRLO1
28 July 2026 16:16:24	79	979.50	XLON	00409272382TRLO1
28 July 2026 16:19:45	83	979.00	XLON	00409272847TRLO1
28 July 2026 16:19:45	26	979.00	XLON	00409272848TRLO1

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