Transaction in Own Shares

Gamma Communications PLC

31 July 2026

 

31 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:	30 July 2026
Number of ordinary shares purchased:	15,824
Lowest price per share (pence):	943.50
Highest price per share (pence):	966.50
Weighted average price per day (pence):	954.0193

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,875,199 ordinary shares since the commencement of the buyback programme and will have 90,889,152 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,385,478 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 89,385,478 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	954.0193	15,824	943.50	966.50

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
30 July 2026 08:12:34	40	965.00	XLON	00409732906TRLO1
30 July 2026 08:13:40	81	966.00	XLON	00409733394TRLO1
30 July 2026 08:15:27	162	962.50	XLON	00409734228TRLO1
30 July 2026 08:15:28	81	961.00	XLON	00409734232TRLO1
30 July 2026 08:19:11	79	959.00	XLON	00409735946TRLO1
30 July 2026 08:30:05	163	961.50	XLON	00409742714TRLO1
30 July 2026 08:33:29	43	963.00	XLON	00409744886TRLO1
30 July 2026 08:44:05	83	964.50	XLON	00409750255TRLO1
30 July 2026 08:47:11	19	965.00	XLON	00409751841TRLO1
30 July 2026 08:47:11	68	965.00	XLON	00409751842TRLO1
30 July 2026 08:47:11	110	965.00	XLON	00409751843TRLO1
30 July 2026 08:48:35	78	965.50	XLON	00409752964TRLO1
30 July 2026 08:52:54	23	965.50	XLON	00409757421TRLO1
30 July 2026 08:52:54	23	965.50	XLON	00409757422TRLO1
30 July 2026 08:52:54	23	965.50	XLON	00409757423TRLO1
30 July 2026 08:54:15	84	966.50	XLON	00409758702TRLO1
30 July 2026 09:03:20	79	966.00	XLON	00409766912TRLO1
30 July 2026 09:10:33	84	963.50	XLON	00409773245TRLO1
30 July 2026 09:21:10	80	962.00	XLON	00409784964TRLO1
30 July 2026 09:21:10	78	962.00	XLON	00409784965TRLO1
30 July 2026 09:37:19	78	961.50	XLON	00409811295TRLO1
30 July 2026 09:39:37	81	961.00	XLON	00409815291TRLO1
30 July 2026 10:01:20	79	961.50	XLON	00409860691TRLO1
30 July 2026 10:02:00	83	961.50	XLON	00409861852TRLO1
30 July 2026 10:02:05	80	961.50	XLON	00409862018TRLO1
30 July 2026 10:03:05	78	961.50	XLON	00409863635TRLO1
30 July 2026 10:05:52	78	960.50	XLON	00409868828TRLO1
30 July 2026 10:05:52	889	960.00	XLON	00409868829TRLO1
30 July 2026 10:30:33	78	961.00	XLON	00409907368TRLO1
30 July 2026 10:30:33	83	961.00	XLON	00409907369TRLO1
30 July 2026 10:30:35	38	962.00	XLON	00409907427TRLO1
30 July 2026 10:30:35	92	962.00	XLON	00409907428TRLO1
30 July 2026 10:30:35	41	962.00	XLON	00409907429TRLO1
30 July 2026 10:30:35	92	962.00	XLON	00409907430TRLO1
30 July 2026 10:30:35	92	962.00	XLON	00409907431TRLO1
30 July 2026 10:34:21	59	962.00	XLON	00409912688TRLO1
30 July 2026 10:34:21	26	962.00	XLON	00409912689TRLO1
30 July 2026 10:38:15	1	962.00	XLON	00409917312TRLO1
30 July 2026 10:38:15	84	962.00	XLON	00409917313TRLO1
30 July 2026 10:42:15	19	962.00	XLON	00409922125TRLO1
30 July 2026 10:42:15	30	962.00	XLON	00409922126TRLO1
30 July 2026 10:42:15	36	962.00	XLON	00409922127TRLO1
30 July 2026 10:46:23	21	962.00	XLON	00409926980TRLO1
30 July 2026 10:46:23	50	962.00	XLON	00409926981TRLO1
30 July 2026 10:46:28	85	961.00	XLON	00409927087TRLO1
30 July 2026 10:50:56	81	960.50	XLON	00409931512TRLO1
30 July 2026 10:58:50	50	960.50	XLON	00409939166TRLO1
30 July 2026 10:59:34	79	959.00	XLON	00409939649TRLO1
30 July 2026 11:04:03	43	959.00	XLON	00409939886TRLO1
30 July 2026 11:04:03	30	959.00	XLON	00409939887TRLO1
30 July 2026 11:04:03	6	959.00	XLON	00409939888TRLO1
30 July 2026 11:05:25	79	957.00	XLON	00409939910TRLO1
30 July 2026 11:05:25	78	957.00	XLON	00409939911TRLO1
30 July 2026 11:12:09	78	956.50	XLON	00409940064TRLO1
30 July 2026 11:29:35	79	959.00	XLON	00409941283TRLO1
30 July 2026 11:29:46	81	959.00	XLON	00409941288TRLO1
30 July 2026 11:41:55	80	959.50	XLON	00409941698TRLO1
30 July 2026 11:42:02	81	959.00	XLON	00409941707TRLO1
30 July 2026 11:42:02	82	959.00	XLON	00409941708TRLO1
30 July 2026 11:43:14	82	957.50	XLON	00409941739TRLO1
30 July 2026 11:43:14	79	957.50	XLON	00409941740TRLO1
30 July 2026 11:48:17	83	958.50	XLON	00409942006TRLO1
30 July 2026 11:51:37	66	958.50	XLON	00409942093TRLO1
30 July 2026 11:51:37	80	958.00	XLON	00409942094TRLO1
30 July 2026 11:52:13	80	957.50	XLON	00409942114TRLO1
30 July 2026 12:00:17	9	958.00	XLON	00409942424TRLO1
30 July 2026 12:00:17	69	958.00	XLON	00409942425TRLO1
30 July 2026 12:02:00	78	956.50	XLON	00409942481TRLO1
30 July 2026 12:16:48	73	958.00	XLON	00409943023TRLO1
30 July 2026 12:16:48	43	958.00	XLON	00409943024TRLO1
30 July 2026 12:49:08	82	957.50	XLON	00409943994TRLO1
30 July 2026 12:49:11	100	956.50	XLON	00409943996TRLO1
30 July 2026 12:49:11	33	956.50	XLON	00409943997TRLO1
30 July 2026 12:49:11	17	956.50	XLON	00409943998TRLO1
30 July 2026 12:49:11	6	956.50	XLON	00409943999TRLO1
30 July 2026 12:49:11	7	956.50	XLON	00409944000TRLO1
30 July 2026 12:49:11	79	955.00	XLON	00409944001TRLO1
30 July 2026 12:49:11	79	955.50	XLON	00409944002TRLO1
30 July 2026 12:49:11	95	955.50	XLON	00409944003TRLO1
30 July 2026 12:49:11	111	955.50	XLON	00409944004TRLO1
30 July 2026 12:49:18	80	954.00	XLON	00409944015TRLO1
30 July 2026 13:00:15	85	953.50	XLON	00409944507TRLO1
30 July 2026 13:15:58	36	955.50	XLON	00409945115TRLO1
30 July 2026 13:15:58	28	955.50	XLON	00409945116TRLO1
30 July 2026 13:15:58	6	955.50	XLON	00409945117TRLO1
30 July 2026 13:15:58	84	955.00	XLON	00409945118TRLO1
30 July 2026 13:15:58	84	954.50	XLON	00409945119TRLO1
30 July 2026 13:31:27	200	955.50	XLON	00409945724TRLO1
30 July 2026 13:33:21	85	956.00	XLON	00409945775TRLO1
30 July 2026 13:34:37	84	954.50	XLON	00409945812TRLO1
30 July 2026 13:35:18	6	955.00	XLON	00409945827TRLO1
30 July 2026 13:35:18	261	955.00	XLON	00409945828TRLO1
30 July 2026 13:35:18	73	955.00	XLON	00409945829TRLO1
30 July 2026 13:35:37	81	954.00	XLON	00409945854TRLO1
30 July 2026 13:39:34	80	953.50	XLON	00409946066TRLO1
30 July 2026 13:39:34	80	953.50	XLON	00409946067TRLO1
30 July 2026 13:39:50	18	952.50	XLON	00409946072TRLO1
30 July 2026 13:40:47	149	952.50	XLON	00409946125TRLO1
30 July 2026 13:40:47	18	952.50	XLON	00409946126TRLO1
30 July 2026 13:46:53	162	951.50	XLON	00409946458TRLO1
30 July 2026 14:02:09	89	954.50	XLON	00409947201TRLO1
30 July 2026 14:07:55	85	955.00	XLON	00409947581TRLO1
30 July 2026 14:07:55	180	955.00	XLON	00409947582TRLO1
30 July 2026 14:07:55	62	955.00	XLON	00409947583TRLO1
30 July 2026 14:07:55	80	954.50	XLON	00409947584TRLO1
30 July 2026 14:07:55	180	955.00	XLON	00409947585TRLO1
30 July 2026 14:07:55	30	955.00	XLON	00409947586TRLO1
30 July 2026 14:12:28	80	953.50	XLON	00409947735TRLO1
30 July 2026 14:12:28	80	953.50	XLON	00409947736TRLO1
30 July 2026 14:21:30	2	954.00	XLON	00409948126TRLO1
30 July 2026 14:21:30	12	954.00	XLON	00409948127TRLO1
30 July 2026 14:21:34	43	954.50	XLON	00409948130TRLO1
30 July 2026 14:21:43	26	954.50	XLON	00409948132TRLO1
30 July 2026 14:22:37	27	954.50	XLON	00409948225TRLO1
30 July 2026 14:23:32	22	954.50	XLON	00409948263TRLO1
30 July 2026 14:24:15	19	954.50	XLON	00409948329TRLO1
30 July 2026 14:24:15	65	954.50	XLON	00409948330TRLO1
30 July 2026 14:24:37	84	953.50	XLON	00409948372TRLO1
30 July 2026 14:25:45	82	953.00	XLON	00409948441TRLO1
30 July 2026 14:27:54	80	952.00	XLON	00409948589TRLO1
30 July 2026 14:32:37	82	953.00	XLON	00409949143TRLO1
30 July 2026 14:35:01	85	952.50	XLON	00409949977TRLO1
30 July 2026 14:38:23	83	951.50	XLON	00409950380TRLO1
30 July 2026 14:38:23	82	951.50	XLON	00409950381TRLO1
30 July 2026 14:38:34	165	951.00	XLON	00409950410TRLO1
30 July 2026 14:39:01	83	950.00	XLON	00409950496TRLO1
30 July 2026 14:39:01	83	950.00	XLON	00409950497TRLO1
30 July 2026 14:45:12	80	952.50	XLON	00409951054TRLO1
30 July 2026 14:45:12	2	952.50	XLON	00409951055TRLO1
30 July 2026 14:45:12	82	951.50	XLON	00409951056TRLO1
30 July 2026 14:47:35	163	952.00	XLON	00409951352TRLO1
30 July 2026 14:50:38	251	951.50	XLON	00409951584TRLO1
30 July 2026 14:50:43	159	951.50	XLON	00409951596TRLO1
30 July 2026 14:51:04	159	951.50	XLON	00409951705TRLO1
30 July 2026 14:51:23	161	951.00	XLON	00409951750TRLO1
30 July 2026 14:52:25	80	950.50	XLON	00409951826TRLO1
30 July 2026 14:58:37	81	950.50	XLON	00409952353TRLO1
30 July 2026 15:00:34	85	950.00	XLON	00409952518TRLO1
30 July 2026 15:01:00	84	949.50	XLON	00409952536TRLO1
30 July 2026 15:01:28	78	949.50	XLON	00409952590TRLO1
30 July 2026 15:01:49	80	949.00	XLON	00409952645TRLO1
30 July 2026 15:03:31	78	949.00	XLON	00409952785TRLO1
30 July 2026 15:05:30	85	948.50	XLON	00409952963TRLO1
30 July 2026 15:08:37	81	948.50	XLON	00409953359TRLO1
30 July 2026 15:11:51	84	949.50	XLON	00409953619TRLO1
30 July 2026 15:12:35	81	949.00	XLON	00409953659TRLO1
30 July 2026 15:18:56	244	949.00	XLON	00409954255TRLO1
30 July 2026 15:18:56	155	949.00	XLON	00409954257TRLO1
30 July 2026 15:18:56	78	948.50	XLON	00409954258TRLO1
30 July 2026 15:21:11	81	947.50	XLON	00409954493TRLO1
30 July 2026 15:21:11	83	947.50	XLON	00409954494TRLO1
30 July 2026 15:24:04	83	947.00	XLON	00409954805TRLO1
30 July 2026 15:24:17	78	947.00	XLON	00409954824TRLO1
30 July 2026 15:25:17	81	946.50	XLON	00409954920TRLO1
30 July 2026 15:30:27	157	948.00	XLON	00409955364TRLO1
30 July 2026 15:31:32	81	947.50	XLON	00409955490TRLO1
30 July 2026 15:34:49	85	947.50	XLON	00409955833TRLO1
30 July 2026 15:35:01	78	947.50	XLON	00409955846TRLO1
30 July 2026 15:36:22	79	947.50	XLON	00409955964TRLO1
30 July 2026 15:36:36	81	947.50	XLON	00409955994TRLO1
30 July 2026 15:36:36	7	947.00	XLON	00409955996TRLO1
30 July 2026 15:44:50	80	948.00	XLON	00409956474TRLO1
30 July 2026 15:46:07	79	947.50	XLON	00409956583TRLO1
30 July 2026 15:48:18	79	946.50	XLON	00409956771TRLO1
30 July 2026 15:48:18	79	946.50	XLON	00409956772TRLO1
30 July 2026 15:48:18	158	947.00	XLON	00409956773TRLO1
30 July 2026 15:49:57	84	946.50	XLON	00409956875TRLO1
30 July 2026 15:49:57	83	946.50	XLON	00409956876TRLO1
30 July 2026 15:50:10	82	946.00	XLON	00409956907TRLO1
30 July 2026 15:52:36	78	946.00	XLON	00409957069TRLO1
30 July 2026 16:00:10	246	946.00	XLON	00409957527TRLO1
30 July 2026 16:00:36	238	945.50	XLON	00409957576TRLO1
30 July 2026 16:00:36	8	945.50	XLON	00409957577TRLO1
30 July 2026 16:00:38	82	945.00	XLON	00409957586TRLO1
30 July 2026 16:04:45	1	944.50	XLON	00409957914TRLO1
30 July 2026 16:04:45	79	944.50	XLON	00409957915TRLO1
30 July 2026 16:05:39	79	943.50	XLON	00409957969TRLO1
30 July 2026 16:05:39	79	943.50	XLON	00409957970TRLO1
30 July 2026 16:07:43	43	946.00	XLON	00409958156TRLO1
30 July 2026 16:07:43	40	946.00	XLON	00409958157TRLO1
30 July 2026 16:08:20	163	945.00	XLON	00409958183TRLO1
30 July 2026 16:08:35	80	944.50	XLON	00409958202TRLO1
30 July 2026 16:15:03	84	944.00	XLON	00409958737TRLO1
30 July 2026 16:15:03	84	944.00	XLON	00409958738TRLO1
30 July 2026 16:15:03	84	944.00	XLON	00409958739TRLO1
30 July 2026 16:15:48	170	945.50	XLON	00409958798TRLO1
30 July 2026 16:16:04	78	944.50	XLON	00409958810TRLO1
30 July 2026 16:16:04	78	945.00	XLON	00409958811TRLO1
30 July 2026 16:17:36	78	944.00	XLON	00409958944TRLO1

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