Transaction in Own Shares

Gamma Communications PLC

03 August 2026

 

3 August 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:	31 July 2026
Number of ordinary shares purchased:	16,405
Lowest price per share (pence):	930.00
Highest price per share (pence):	948.00
Weighted average price per day (pence):	938.1529

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,891,604 ordinary shares since the commencement of the buyback programme and will have 90,872,747 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,369,073 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 89,369,073 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	938.1529	16,405	930.00	948.00

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
31 July 2026 08:09:00	169	948.00	XLON	00410082091TRLO1
31 July 2026 08:12:36	85	947.50	XLON	00410084114TRLO1
31 July 2026 08:20:42	80	947.50	XLON	00410089870TRLO1
31 July 2026 08:25:00	80	948.00	XLON	00410094652TRLO1
31 July 2026 08:36:47	34	946.50	XLON	00410107655TRLO1
31 July 2026 08:36:47	49	946.50	XLON	00410107656TRLO1
31 July 2026 08:50:36	82	946.00	XLON	00410121930TRLO1
31 July 2026 08:52:16	198	946.50	XLON	00410123641TRLO1
31 July 2026 08:52:16	6	946.50	XLON	00410123642TRLO1
31 July 2026 08:52:39	13	947.00	XLON	00410124009TRLO1
31 July 2026 08:55:59	97	948.00	XLON	00410127125TRLO1
31 July 2026 08:55:59	13	948.00	XLON	00410127126TRLO1
31 July 2026 08:58:17	81	947.00	XLON	00410129150TRLO1
31 July 2026 09:03:13	82	947.50	XLON	00410134087TRLO1
31 July 2026 09:03:13	84	947.50	XLON	00410134088TRLO1
31 July 2026 09:08:55	97	948.00	XLON	00410139208TRLO1
31 July 2026 09:08:55	94	948.00	XLON	00410139209TRLO1
31 July 2026 09:08:55	6	948.00	XLON	00410139210TRLO1
31 July 2026 09:08:56	84	947.00	XLON	00410139220TRLO1
31 July 2026 09:12:32	81	946.00	XLON	00410142068TRLO1
31 July 2026 09:26:06	44	946.50	XLON	00410153250TRLO1
31 July 2026 09:26:06	81	945.00	XLON	00410153251TRLO1
31 July 2026 09:26:06	79	945.00	XLON	00410153254TRLO1
31 July 2026 09:29:57	84	944.50	XLON	00410156766TRLO1
31 July 2026 09:31:01	51	944.50	XLON	00410157677TRLO1
31 July 2026 09:31:01	30	944.50	XLON	00410157678TRLO1
31 July 2026 09:31:11	84	944.50	XLON	00410157765TRLO1
31 July 2026 09:32:34	79	944.00	XLON	00410158924TRLO1
31 July 2026 09:35:02	80	943.50	XLON	00410161376TRLO1
31 July 2026 09:40:25	215	944.50	XLON	00410166181TRLO1
31 July 2026 09:40:29	85	944.50	XLON	00410166200TRLO1
31 July 2026 09:50:57	135	946.00	XLON	00410176749TRLO1
31 July 2026 09:59:35	186	946.50	XLON	00410185593TRLO1
31 July 2026 10:04:25	36	947.00	XLON	00410196382TRLO1
31 July 2026 10:04:25	45	947.00	XLON	00410196383TRLO1
31 July 2026 10:04:26	157	946.00	XLON	00410196527TRLO1
31 July 2026 10:06:55	160	945.50	XLON	00410207105TRLO1
31 July 2026 10:20:48	82	946.50	XLON	00410236531TRLO1
31 July 2026 10:31:14	24	946.50	XLON	00410252871TRLO1
31 July 2026 10:31:14	27	946.50	XLON	00410252872TRLO1
31 July 2026 10:31:14	31	946.50	XLON	00410252873TRLO1
31 July 2026 10:34:37	78	946.00	XLON	00410259799TRLO1
31 July 2026 10:34:37	80	946.00	XLON	00410259800TRLO1
31 July 2026 10:35:35	80	946.00	XLON	00410261848TRLO1
31 July 2026 10:37:38	85	945.50	XLON	00410266278TRLO1
31 July 2026 10:38:37	85	944.50	XLON	00410268326TRLO1
31 July 2026 10:47:23	78	945.00	XLON	00410288324TRLO1
31 July 2026 10:53:36	78	944.50	XLON	00410301127TRLO1
31 July 2026 10:57:23	79	943.50	XLON	00410307411TRLO1
31 July 2026 11:03:35	81	943.50	XLON	00410309958TRLO1
31 July 2026 11:03:38	80	942.00	XLON	00410309959TRLO1
31 July 2026 11:03:39	80	941.50	XLON	00410309960TRLO1
31 July 2026 11:10:30	81	942.00	XLON	00410310172TRLO1
31 July 2026 11:20:36	158	943.00	XLON	00410310408TRLO1
31 July 2026 11:20:36	166	943.00	XLON	00410310409TRLO1
31 July 2026 11:20:45	122	942.00	XLON	00410310412TRLO1
31 July 2026 11:20:45	45	942.00	XLON	00410310413TRLO1
31 July 2026 11:22:37	85	942.00	XLON	00410310466TRLO1
31 July 2026 11:24:23	80	941.00	XLON	00410310540TRLO1
31 July 2026 11:24:41	83	940.50	XLON	00410310553TRLO1
31 July 2026 11:24:41	50	941.00	XLON	00410310554TRLO1
31 July 2026 11:24:41	33	941.00	XLON	00410310555TRLO1
31 July 2026 11:24:43	81	939.50	XLON	00410310557TRLO1
31 July 2026 11:32:59	53	939.00	XLON	00410310936TRLO1
31 July 2026 11:32:59	32	939.00	XLON	00410310937TRLO1
31 July 2026 11:33:05	78	938.50	XLON	00410310942TRLO1
31 July 2026 11:36:46	80	941.00	XLON	00410311040TRLO1
31 July 2026 11:38:40	83	940.50	XLON	00410311756TRLO1
31 July 2026 12:02:00	75	942.50	XLON	00410312657TRLO1
31 July 2026 12:02:00	7	942.50	XLON	00410312658TRLO1
31 July 2026 12:05:35	80	943.50	XLON	00410312748TRLO1
31 July 2026 12:06:00	79	943.00	XLON	00410312758TRLO1
31 July 2026 12:07:01	49	943.00	XLON	00410312770TRLO1
31 July 2026 12:07:01	35	943.00	XLON	00410312771TRLO1
31 July 2026 12:07:04	78	943.00	XLON	00410312777TRLO1
31 July 2026 12:09:21	44	942.50	XLON	00410312854TRLO1
31 July 2026 12:09:21	41	942.50	XLON	00410312855TRLO1
31 July 2026 12:11:37	84	942.50	XLON	00410312910TRLO1
31 July 2026 12:15:56	82	942.00	XLON	00410313039TRLO1
31 July 2026 12:32:02	85	942.00	XLON	00410313720TRLO1
31 July 2026 12:34:16	79	941.00	XLON	00410313751TRLO1
31 July 2026 12:34:18	617	940.00	XLON	00410313752TRLO1
31 July 2026 12:34:23	81	941.50	XLON	00410313755TRLO1
31 July 2026 12:36:00	78	942.00	XLON	00410313781TRLO1
31 July 2026 12:39:47	83	939.00	XLON	00410313855TRLO1
31 July 2026 12:51:51	78	939.00	XLON	00410314217TRLO1
31 July 2026 12:51:51	79	939.00	XLON	00410314218TRLO1
31 July 2026 12:52:38	79	938.50	XLON	00410314221TRLO1
31 July 2026 13:00:19	85	938.50	XLON	00410314489TRLO1
31 July 2026 13:00:40	84	938.00	XLON	00410314502TRLO1
31 July 2026 13:05:38	80	937.50	XLON	00410314682TRLO1
31 July 2026 13:07:10	28	937.00	XLON	00410314724TRLO1
31 July 2026 13:12:23	52	937.00	XLON	00410314839TRLO1
31 July 2026 13:12:23	28	937.00	XLON	00410314840TRLO1
31 July 2026 13:13:30	79	936.50	XLON	00410314876TRLO1
31 July 2026 13:25:33	48	937.00	XLON	00410315117TRLO1
31 July 2026 13:25:33	32	937.00	XLON	00410315118TRLO1
31 July 2026 13:25:33	7	937.00	XLON	00410315119TRLO1
31 July 2026 13:25:33	73	937.00	XLON	00410315120TRLO1
31 July 2026 13:25:33	39	937.00	XLON	00410315121TRLO1
31 July 2026 13:25:33	48	937.00	XLON	00410315122TRLO1
31 July 2026 13:25:50	79	936.00	XLON	00410315124TRLO1
31 July 2026 13:25:50	79	936.00	XLON	00410315125TRLO1
31 July 2026 13:26:35	83	934.00	XLON	00410315134TRLO1
31 July 2026 13:29:22	83	934.50	XLON	00410315169TRLO1
31 July 2026 13:30:01	82	933.50	XLON	00410315191TRLO1
31 July 2026 13:36:13	83	933.00	XLON	00410315332TRLO1
31 July 2026 13:37:45	82	932.50	XLON	00410315374TRLO1
31 July 2026 13:57:15	245	934.00	XLON	00410315836TRLO1
31 July 2026 14:02:20	84	934.50	XLON	00410316056TRLO1
31 July 2026 14:09:45	79	934.00	XLON	00410316225TRLO1
31 July 2026 14:21:10	82	935.00	XLON	00410316649TRLO1
31 July 2026 14:21:48	18	934.50	XLON	00410316664TRLO1
31 July 2026 14:30:09	64	934.50	XLON	00410317117TRLO1
31 July 2026 14:30:09	18	934.50	XLON	00410317118TRLO1
31 July 2026 14:30:59	80	934.00	XLON	00410317257TRLO1
31 July 2026 14:30:59	80	934.00	XLON	00410317258TRLO1
31 July 2026 14:31:05	165	934.00	XLON	00410317264TRLO1
31 July 2026 14:32:09	156	933.50	XLON	00410317348TRLO1
31 July 2026 14:33:54	168	933.00	XLON	00410317453TRLO1
31 July 2026 14:33:54	83	933.00	XLON	00410317454TRLO1
31 July 2026 14:37:56	158	933.00	XLON	00410317702TRLO1
31 July 2026 14:44:59	81	935.50	XLON	00410318295TRLO1
31 July 2026 14:44:59	92	935.50	XLON	00410318296TRLO1
31 July 2026 14:45:04	80	935.00	XLON	00410318300TRLO1
31 July 2026 14:45:31	84	933.00	XLON	00410318326TRLO1
31 July 2026 14:54:25	216	934.50	XLON	00410318813TRLO1
31 July 2026 14:54:25	65	934.50	XLON	00410318814TRLO1
31 July 2026 14:54:25	54	934.50	XLON	00410318815TRLO1
31 July 2026 14:56:28	236	935.50	XLON	00410319015TRLO1
31 July 2026 14:56:44	166	935.00	XLON	00410319030TRLO1
31 July 2026 14:58:57	165	935.50	XLON	00410319142TRLO1
31 July 2026 14:58:58	78	935.00	XLON	00410319144TRLO1
31 July 2026 15:00:24	79	934.50	XLON	00410319190TRLO1
31 July 2026 15:00:48	83	935.50	XLON	00410319198TRLO1
31 July 2026 15:01:14	155	935.00	XLON	00410319216TRLO1
31 July 2026 15:02:33	81	934.50	XLON	00410319310TRLO1
31 July 2026 15:03:19	79	934.50	XLON	00410319341TRLO1
31 July 2026 15:04:32	78	933.50	XLON	00410319402TRLO1
31 July 2026 15:07:37	84	934.00	XLON	00410319653TRLO1
31 July 2026 15:07:37	79	933.50	XLON	00410319654TRLO1
31 July 2026 15:11:23	80	932.50	XLON	00410319866TRLO1
31 July 2026 15:13:55	83	932.00	XLON	00410319975TRLO1
31 July 2026 15:15:59	83	931.50	XLON	00410320052TRLO1
31 July 2026 15:15:59	82	931.50	XLON	00410320053TRLO1
31 July 2026 15:16:09	78	931.00	XLON	00410320112TRLO1
31 July 2026 15:22:53	169	933.00	XLON	00410320369TRLO1
31 July 2026 15:22:53	83	932.50	XLON	00410320370TRLO1
31 July 2026 15:22:53	83	932.50	XLON	00410320371TRLO1
31 July 2026 15:25:25	84	931.00	XLON	00410320543TRLO1
31 July 2026 15:34:40	84	932.50	XLON	00410321096TRLO1
31 July 2026 15:34:40	78	931.50	XLON	00410321097TRLO1
31 July 2026 15:34:40	311	931.50	XLON	00410321098TRLO1
31 July 2026 15:42:17	170	931.00	XLON	00410321571TRLO1
31 July 2026 15:55:00	169	932.00	XLON	00410322377TRLO1
31 July 2026 15:58:30	34	932.50	XLON	00410322530TRLO1
31 July 2026 15:58:30	222	932.50	XLON	00410322531TRLO1
31 July 2026 15:58:30	274	932.50	XLON	00410322532TRLO1
31 July 2026 15:58:30	7	932.50	XLON	00410322533TRLO1
31 July 2026 15:59:52	84	933.50	XLON	00410322592TRLO1
31 July 2026 16:00:26	162	932.50	XLON	00410322632TRLO1
31 July 2026 16:00:35	164	932.00	XLON	00410322650TRLO1
31 July 2026 16:00:54	85	931.50	XLON	00410322670TRLO1
31 July 2026 16:02:32	78	931.00	XLON	00410322787TRLO1
31 July 2026 16:02:32	77	931.00	XLON	00410322788TRLO1
31 July 2026 16:03:27	84	930.50	XLON	00410322836TRLO1
31 July 2026 16:07:05	80	931.50	XLON	00410323058TRLO1
31 July 2026 16:08:01	12	931.50	XLON	00410323106TRLO1
31 July 2026 16:08:22	80	930.50	XLON	00410323130TRLO1
31 July 2026 16:08:33	78	930.50	XLON	00410323141TRLO1
31 July 2026 16:09:33	37	930.00	XLON	00410323180TRLO1
31 July 2026 16:09:33	45	930.00	XLON	00410323181TRLO1
31 July 2026 16:09:33	81	930.00	XLON	00410323182TRLO1
31 July 2026 16:09:33	37	930.00	XLON	00410323183TRLO1
31 July 2026 16:11:42	157	932.00	XLON	00410323308TRLO1
31 July 2026 16:15:01	139	933.00	XLON	00410323539TRLO1
31 July 2026 16:15:32	79	933.00	XLON	00410323573TRLO1
31 July 2026 16:15:32	78	933.50	XLON	00410323584TRLO1
31 July 2026 16:16:42	75	933.00	XLON	00410323671TRLO1
31 July 2026 16:18:06	63	934.00	XLON	00410323749TRLO1
31 July 2026 16:18:06	23	934.00	XLON	00410323750TRLO1
31 July 2026 16:18:53	17	934.00	XLON	00410323780TRLO1
31 July 2026 16:18:57	85	933.50	XLON	00410323786TRLO1
31 July 2026 16:19:36	145	934.00	XLON	00410323816TRLO1

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