Transaction in Own Shares

Gamma Communications PLC

30 July 2026

 

30 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:	29 July 2026
Number of ordinary shares purchased:	15,642
Lowest price per share (pence):	961.50
Highest price per share (pence):	977.50
Weighted average price per day (pence):	966.5164

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,859,375 ordinary shares since the commencement of the buyback programme and will have 90,904,976 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,401,302 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 89,401,302 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	966.5164	15,642	961.50	977.50

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
29 July 2026 08:04:37	79	977.50	XLON	00409403786TRLO1
29 July 2026 08:04:37	80	975.50	XLON	00409403787TRLO1
29 July 2026 08:08:17	87	973.00	XLON	00409408497TRLO1
29 July 2026 08:26:25	83	972.50	XLON	00409423081TRLO1
29 July 2026 08:27:36	85	972.50	XLON	00409424085TRLO1
29 July 2026 08:27:36	80	972.00	XLON	00409424086TRLO1
29 July 2026 08:46:29	85	972.50	XLON	00409438670TRLO1
29 July 2026 08:48:07	73	972.50	XLON	00409439835TRLO1
29 July 2026 08:48:07	10	972.50	XLON	00409439836TRLO1
29 July 2026 08:52:03	4	973.50	XLON	00409442805TRLO1
29 July 2026 08:52:07	80	973.00	XLON	00409442867TRLO1
29 July 2026 08:52:07	84	972.50	XLON	00409442870TRLO1
29 July 2026 08:57:37	18	974.00	XLON	00409448745TRLO1
29 July 2026 08:59:36	81	975.00	XLON	00409451636TRLO1
29 July 2026 09:01:36	185	975.00	XLON	00409453915TRLO1
29 July 2026 09:04:23	80	975.00	XLON	00409457044TRLO1
29 July 2026 09:04:36	85	974.50	XLON	00409457282TRLO1
29 July 2026 09:04:37	80	974.00	XLON	00409457309TRLO1
29 July 2026 09:04:37	80	974.00	XLON	00409457310TRLO1
29 July 2026 09:10:58	85	972.00	XLON	00409464716TRLO1
29 July 2026 09:10:58	81	971.50	XLON	00409464717TRLO1
29 July 2026 09:11:19	81	970.00	XLON	00409465365TRLO1
29 July 2026 09:14:49	86	968.00	XLON	00409469485TRLO1
29 July 2026 09:20:55	83	968.00	XLON	00409478359TRLO1
29 July 2026 09:20:55	82	968.00	XLON	00409478360TRLO1
29 July 2026 09:24:35	82	967.50	XLON	00409482921TRLO1
29 July 2026 09:24:36	81	967.00	XLON	00409482983TRLO1
29 July 2026 09:24:37	85	967.50	XLON	00409483012TRLO1
29 July 2026 09:42:03	10	969.00	XLON	00409506691TRLO1
29 July 2026 09:42:03	77	969.00	XLON	00409506692TRLO1
29 July 2026 09:42:03	18	969.50	XLON	00409506693TRLO1
29 July 2026 09:42:03	69	969.50	XLON	00409506694TRLO1
29 July 2026 09:42:03	18	969.50	XLON	00409506695TRLO1
29 July 2026 09:42:03	69	969.50	XLON	00409506696TRLO1
29 July 2026 09:42:03	18	969.50	XLON	00409506697TRLO1
29 July 2026 09:42:23	82	968.50	XLON	00409507161TRLO1
29 July 2026 09:43:50	85	968.00	XLON	00409509386TRLO1
29 July 2026 09:44:13	81	967.50	XLON	00409509938TRLO1
29 July 2026 10:01:17	4	968.00	XLON	00409536214TRLO1
29 July 2026 10:01:17	6	968.00	XLON	00409536215TRLO1
29 July 2026 10:07:36	84	967.50	XLON	00409546993TRLO1
29 July 2026 10:08:00	96	968.50	XLON	00409547701TRLO1
29 July 2026 10:08:00	80	967.50	XLON	00409547702TRLO1
29 July 2026 10:13:11	47	967.50	XLON	00409560405TRLO1
29 July 2026 10:13:11	34	967.50	XLON	00409560406TRLO1
29 July 2026 10:14:14	81	966.00	XLON	00409562064TRLO1
29 July 2026 10:14:35	80	966.00	XLON	00409562635TRLO1
29 July 2026 10:15:00	83	965.50	XLON	00409563200TRLO1
29 July 2026 10:16:11	82	964.50	XLON	00409565193TRLO1
29 July 2026 10:17:25	84	963.50	XLON	00409566804TRLO1
29 July 2026 10:27:19	23	964.50	XLON	00409581192TRLO1
29 July 2026 10:27:19	5	964.50	XLON	00409581193TRLO1
29 July 2026 10:27:19	86	964.00	XLON	00409581194TRLO1
29 July 2026 10:32:36	80	963.00	XLON	00409590187TRLO1
29 July 2026 10:40:16	81	962.50	XLON	00409604058TRLO1
29 July 2026 10:42:41	23	962.50	XLON	00409608878TRLO1
29 July 2026 10:55:28	80	963.50	XLON	00409633602TRLO1
29 July 2026 10:57:04	87	963.50	XLON	00409635754TRLO1
29 July 2026 10:57:04	83	963.50	XLON	00409635755TRLO1
29 July 2026 10:57:04	200	963.50	XLON	00409635760TRLO1
29 July 2026 10:57:04	200	963.50	XLON	00409635761TRLO1
29 July 2026 10:57:04	17	963.50	XLON	00409635762TRLO1
29 July 2026 10:57:04	83	963.00	XLON	00409635764TRLO1
29 July 2026 11:03:13	86	963.50	XLON	00409639180TRLO1
29 July 2026 11:03:13	200	963.50	XLON	00409639186TRLO1
29 July 2026 11:03:13	155	963.50	XLON	00409639190TRLO1
29 July 2026 11:06:20	80	963.50	XLON	00409639454TRLO1
29 July 2026 11:09:27	82	963.50	XLON	00409639779TRLO1
29 July 2026 11:11:25	81	963.50	XLON	00409639957TRLO1
29 July 2026 11:13:08	166	965.50	XLON	00409640044TRLO1
29 July 2026 11:15:31	84	966.00	XLON	00409640127TRLO1
29 July 2026 11:15:31	85	965.00	XLON	00409640128TRLO1
29 July 2026 11:15:41	87	963.50	XLON	00409640137TRLO1
29 July 2026 11:15:51	17	963.50	XLON	00409640163TRLO1
29 July 2026 11:15:51	82	964.00	XLON	00409640164TRLO1
29 July 2026 11:15:53	83	964.00	XLON	00409640176TRLO1
29 July 2026 11:15:53	84	964.00	XLON	00409640177TRLO1
29 July 2026 11:15:55	85	963.50	XLON	00409640199TRLO1
29 July 2026 11:32:48	82	967.50	XLON	00409640886TRLO1
29 July 2026 11:42:48	169	967.50	XLON	00409641710TRLO1
29 July 2026 11:42:48	165	966.50	XLON	00409641711TRLO1
29 July 2026 11:43:05	166	966.00	XLON	00409641718TRLO1
29 July 2026 11:43:08	81	965.50	XLON	00409641720TRLO1
29 July 2026 11:43:14	80	965.50	XLON	00409641728TRLO1
29 July 2026 11:55:52	84	965.50	XLON	00409642330TRLO1
29 July 2026 11:56:12	83	965.00	XLON	00409642336TRLO1
29 July 2026 12:03:19	86	965.50	XLON	00409642626TRLO1
29 July 2026 12:04:01	86	966.00	XLON	00409642669TRLO1
29 July 2026 12:05:16	86	965.50	XLON	00409642738TRLO1
29 July 2026 12:07:00	84	965.50	XLON	00409642814TRLO1
29 July 2026 12:10:48	165	964.50	XLON	00409642944TRLO1
29 July 2026 12:36:37	23	969.00	XLON	00409643737TRLO1
29 July 2026 12:36:40	85	968.50	XLON	00409643739TRLO1
29 July 2026 12:40:00	86	968.00	XLON	00409643907TRLO1
29 July 2026 12:40:12	81	967.00	XLON	00409643911TRLO1
29 July 2026 12:46:21	86	966.50	XLON	00409644086TRLO1
29 July 2026 12:48:10	3	966.50	XLON	00409644129TRLO1
29 July 2026 12:48:10	30	966.50	XLON	00409644130TRLO1
29 July 2026 12:53:15	84	968.00	XLON	00409644252TRLO1
29 July 2026 12:53:15	85	967.50	XLON	00409644253TRLO1
29 July 2026 12:57:01	85	967.00	XLON	00409644350TRLO1
29 July 2026 12:58:08	80	967.00	XLON	00409644383TRLO1
29 July 2026 13:07:33	87	966.50	XLON	00409644715TRLO1
29 July 2026 13:07:33	86	966.50	XLON	00409644716TRLO1
29 July 2026 13:07:33	86	966.00	XLON	00409644717TRLO1
29 July 2026 13:14:42	86	965.00	XLON	00409644969TRLO1
29 July 2026 13:14:42	87	965.00	XLON	00409644970TRLO1
29 July 2026 13:15:35	86	964.50	XLON	00409645005TRLO1
29 July 2026 13:16:09	86	964.50	XLON	00409645049TRLO1
29 July 2026 13:17:06	83	964.00	XLON	00409645119TRLO1
29 July 2026 13:19:08	87	964.00	XLON	00409645265TRLO1
29 July 2026 13:19:08	86	963.50	XLON	00409645266TRLO1
29 July 2026 13:19:11	86	962.00	XLON	00409645268TRLO1
29 July 2026 13:20:04	85	961.50	XLON	00409645301TRLO1
29 July 2026 13:30:16	86	962.50	XLON	00409645631TRLO1
29 July 2026 13:56:45	97	964.50	XLON	00409646662TRLO1
29 July 2026 13:56:45	146	964.50	XLON	00409646663TRLO1
29 July 2026 13:56:48	253	964.00	XLON	00409646666TRLO1
29 July 2026 13:56:48	166	964.00	XLON	00409646667TRLO1
29 July 2026 13:56:48	166	963.50	XLON	00409646668TRLO1
29 July 2026 13:56:48	83	963.50	XLON	00409646669TRLO1
29 July 2026 14:13:57	85	964.50	XLON	00409647594TRLO1
29 July 2026 14:13:57	84	964.50	XLON	00409647595TRLO1
29 July 2026 14:27:30	254	964.50	XLON	00409648128TRLO1
29 July 2026 14:27:31	257	964.00	XLON	00409648132TRLO1
29 July 2026 14:29:28	83	964.00	XLON	00409648210TRLO1
29 July 2026 14:29:28	83	964.00	XLON	00409648211TRLO1
29 July 2026 14:31:44	80	967.00	XLON	00409648644TRLO1
29 July 2026 14:31:54	87	966.50	XLON	00409648650TRLO1
29 July 2026 14:35:26	86	965.00	XLON	00409648940TRLO1
29 July 2026 14:38:11	85	964.50	XLON	00409649133TRLO1
29 July 2026 14:59:18	164	964.50	XLON	00409651116TRLO1
29 July 2026 15:02:39	86	966.00	XLON	00409651443TRLO1
29 July 2026 15:09:43	242	966.50	XLON	00409651928TRLO1
29 July 2026 15:12:10	32	967.00	XLON	00409652162TRLO1
29 July 2026 15:12:10	31	967.00	XLON	00409652163TRLO1
29 July 2026 15:12:10	20	967.00	XLON	00409652164TRLO1
29 July 2026 15:12:33	83	968.00	XLON	00409652207TRLO1
29 July 2026 15:12:36	82	967.50	XLON	00409652211TRLO1
29 July 2026 15:15:45	85	967.00	XLON	00409652475TRLO1
29 July 2026 15:15:47	87	967.00	XLON	00409652477TRLO1
29 July 2026 15:17:34	86	967.00	XLON	00409652598TRLO1
29 July 2026 15:25:43	80	966.50	XLON	00409653134TRLO1
29 July 2026 15:31:13	169	967.50	XLON	00409653961TRLO1
29 July 2026 15:31:26	172	967.00	XLON	00409653972TRLO1
29 July 2026 15:39:31	126	967.50	XLON	00409654440TRLO1
29 July 2026 15:43:00	83	967.00	XLON	00409654830TRLO1
29 July 2026 15:45:43	79	967.00	XLON	00409655065TRLO1
29 July 2026 15:45:45	81	967.00	XLON	00409655069TRLO1
29 July 2026 15:45:45	81	966.50	XLON	00409655070TRLO1
29 July 2026 15:48:43	162	966.50	XLON	00409655315TRLO1
29 July 2026 15:49:04	250	966.50	XLON	00409655354TRLO1
29 July 2026 15:56:31	250	966.00	XLON	00409655812TRLO1
29 July 2026 15:56:31	83	966.00	XLON	00409655813TRLO1
29 July 2026 15:56:31	344	966.00	XLON	00409655814TRLO1
29 July 2026 15:57:15	27	966.00	XLON	00409655855TRLO1
29 July 2026 16:00:48	171	966.50	XLON	00409656248TRLO1
29 July 2026 16:09:07	86	968.00	XLON	00409656978TRLO1
29 July 2026 16:09:07	159	967.50	XLON	00409656979TRLO1
29 July 2026 16:09:07	160	967.50	XLON	00409656980TRLO1
29 July 2026 16:09:07	160	967.50	XLON	00409656981TRLO1
29 July 2026 16:09:11	84	967.50	XLON	00409656983TRLO1
29 July 2026 16:09:21	82	967.00	XLON	00409656998TRLO1
29 July 2026 16:12:00	83	966.50	XLON	00409657195TRLO1
29 July 2026 16:17:00	253	966.00	XLON	00409657770TRLO1
29 July 2026 16:17:09	84	966.50	XLON	00409657791TRLO1

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