Transaction in Own Shares

Gamma Communications PLC

04 August 2026

 

4 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:	3 August 2026
Number of ordinary shares purchased:	16,248
Lowest price per share (pence):	937.50
Highest price per share (pence):	947.50
Weighted average price per day (pence):	942.7884

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 2,907,852 ordinary shares since the commencement of the buyback programme and will have 90,856,499 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,352,825 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 89,352,825 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	942.7884	16,248	937.50	947.50

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
03 August 2026 08:09:38	172	944.50	XLON	00410489573TRLO1
03 August 2026 08:13:05	82	942.00	XLON	00410491680TRLO1
03 August 2026 08:15:00	81	941.00	XLON	00410492802TRLO1
03 August 2026 08:16:17	30	940.00	XLON	00410493570TRLO1
03 August 2026 08:29:09	80	944.00	XLON	00410503180TRLO1
03 August 2026 08:30:37	87	942.50	XLON	00410504198TRLO1
03 August 2026 08:30:37	87	942.50	XLON	00410504199TRLO1
03 August 2026 08:42:19	80	941.50	XLON	00410517649TRLO1
03 August 2026 08:42:19	80	941.50	XLON	00410517650TRLO1
03 August 2026 08:47:48	37	941.50	XLON	00410522476TRLO1
03 August 2026 08:47:48	80	940.50	XLON	00410522478TRLO1
03 August 2026 08:53:37	9	942.00	XLON	00410528027TRLO1
03 August 2026 08:53:37	81	941.50	XLON	00410528028TRLO1
03 August 2026 08:53:42	86	941.00	XLON	00410528081TRLO1
03 August 2026 08:53:42	91	941.50	XLON	00410528082TRLO1
03 August 2026 08:53:42	9	941.50	XLON	00410528083TRLO1
03 August 2026 09:06:50	85	941.00	XLON	00410539882TRLO1
03 August 2026 09:17:51	86	942.50	XLON	00410555785TRLO1
03 August 2026 09:24:06	166	942.50	XLON	00410562185TRLO1
03 August 2026 09:24:06	10	941.50	XLON	00410562186TRLO1
03 August 2026 09:25:53	165	941.50	XLON	00410563982TRLO1
03 August 2026 09:28:51	86	941.50	XLON	00410566562TRLO1
03 August 2026 09:28:51	37	941.50	XLON	00410566563TRLO1
03 August 2026 09:34:48	87	941.50	XLON	00410570700TRLO1
03 August 2026 09:45:31	161	942.50	XLON	00410578543TRLO1
03 August 2026 09:45:31	30	942.50	XLON	00410578544TRLO1
03 August 2026 09:45:31	68	942.50	XLON	00410578545TRLO1
03 August 2026 09:46:03	87	941.50	XLON	00410578878TRLO1
03 August 2026 09:47:47	83	941.00	XLON	00410580030TRLO1
03 August 2026 09:55:35	65	940.50	XLON	00410586326TRLO1
03 August 2026 10:01:36	85	941.00	XLON	00410589411TRLO1
03 August 2026 10:10:36	46	940.50	XLON	00410594886TRLO1
03 August 2026 10:22:17	172	946.00	XLON	00410602963TRLO1
03 August 2026 10:22:24	20	947.00	XLON	00410603084TRLO1
03 August 2026 10:22:24	79	947.00	XLON	00410603085TRLO1
03 August 2026 10:22:29	114	946.00	XLON	00410603130TRLO1
03 August 2026 10:22:29	55	946.00	XLON	00410603131TRLO1
03 August 2026 10:23:07	100	946.00	XLON	00410603739TRLO1
03 August 2026 10:23:07	54	946.00	XLON	00410603740TRLO1
03 August 2026 10:23:24	85	945.50	XLON	00410603909TRLO1
03 August 2026 10:44:00	81	946.50	XLON	00410622676TRLO1
03 August 2026 11:00:54	87	946.00	XLON	00410626008TRLO1
03 August 2026 11:01:12	86	946.00	XLON	00410626039TRLO1
03 August 2026 11:07:34	50	945.50	XLON	00410626286TRLO1
03 August 2026 11:07:34	30	945.50	XLON	00410626287TRLO1
03 August 2026 11:14:59	86	945.50	XLON	00410626575TRLO1
03 August 2026 11:16:05	83	945.00	XLON	00410626599TRLO1
03 August 2026 11:45:41	62	945.00	XLON	00410628066TRLO1
03 August 2026 11:45:41	81	944.50	XLON	00410628067TRLO1
03 August 2026 11:50:27	23	945.00	XLON	00410628254TRLO1
03 August 2026 12:02:02	61	945.00	XLON	00410628730TRLO1
03 August 2026 12:05:42	81	944.50	XLON	00410628932TRLO1
03 August 2026 12:06:03	42	943.50	XLON	00410628954TRLO1
03 August 2026 12:06:03	58	943.50	XLON	00410628955TRLO1
03 August 2026 12:13:31	81	943.00	XLON	00410629248TRLO1
03 August 2026 12:42:06	25	943.50	XLON	00410630167TRLO1
03 August 2026 12:42:06	115	942.50	XLON	00410630168TRLO1
03 August 2026 12:42:06	55	942.50	XLON	00410630169TRLO1
03 August 2026 12:42:07	159	942.00	XLON	00410630176TRLO1
03 August 2026 12:42:07	80	942.50	XLON	00410630177TRLO1
03 August 2026 12:42:07	68	942.50	XLON	00410630178TRLO1
03 August 2026 12:45:11	80	941.50	XLON	00410630285TRLO1
03 August 2026 13:03:22	105	941.50	XLON	00410630946TRLO1
03 August 2026 13:08:15	38	941.50	XLON	00410631069TRLO1
03 August 2026 13:08:15	3	941.50	XLON	00410631070TRLO1
03 August 2026 13:34:03	82	940.00	XLON	00410631986TRLO1
03 August 2026 13:34:03	82	940.00	XLON	00410631987TRLO1
03 August 2026 13:34:03	81	940.00	XLON	00410631988TRLO1
03 August 2026 13:34:03	400	940.00	XLON	00410631989TRLO1
03 August 2026 13:34:04	64	939.50	XLON	00410631990TRLO1
03 August 2026 13:39:07	11	940.00	XLON	00410632142TRLO1
03 August 2026 13:46:13	81	939.50	XLON	00410632382TRLO1
03 August 2026 13:48:19	400	939.50	XLON	00410632461TRLO1
03 August 2026 13:48:19	22	939.50	XLON	00410632462TRLO1
03 August 2026 14:01:46	25	940.50	XLON	00410632879TRLO1
03 August 2026 14:01:53	100	940.00	XLON	00410632886TRLO1
03 August 2026 14:01:53	20	940.00	XLON	00410632887TRLO1
03 August 2026 14:01:56	200	940.00	XLON	00410632893TRLO1
03 August 2026 14:03:14	58	940.50	XLON	00410632943TRLO1
03 August 2026 14:03:14	11	940.50	XLON	00410632944TRLO1
03 August 2026 14:11:22	193	941.00	XLON	00410633255TRLO1
03 August 2026 14:11:22	57	941.00	XLON	00410633256TRLO1
03 August 2026 14:11:22	81	941.00	XLON	00410633257TRLO1
03 August 2026 14:11:22	18	941.00	XLON	00410633258TRLO1
03 August 2026 14:11:22	28	941.50	XLON	00410633259TRLO1
03 August 2026 14:11:22	173	941.50	XLON	00410633260TRLO1
03 August 2026 14:11:23	16	941.50	XLON	00410633261TRLO1
03 August 2026 14:12:50	80	941.00	XLON	00410633302TRLO1
03 August 2026 14:13:09	86	940.50	XLON	00410633325TRLO1
03 August 2026 14:13:09	250	940.00	XLON	00410633326TRLO1
03 August 2026 14:13:09	14	940.00	XLON	00410633330TRLO1
03 August 2026 14:13:09	250	940.00	XLON	00410633331TRLO1
03 August 2026 14:15:06	250	940.00	XLON	00410633395TRLO1
03 August 2026 14:15:06	250	940.00	XLON	00410633396TRLO1
03 August 2026 14:15:06	86	939.50	XLON	00410633397TRLO1
03 August 2026 14:15:17	81	939.50	XLON	00410633403TRLO1
03 August 2026 14:21:07	82	939.50	XLON	00410633621TRLO1
03 August 2026 14:24:05	84	940.00	XLON	00410633742TRLO1
03 August 2026 14:25:41	84	939.50	XLON	00410633903TRLO1
03 August 2026 14:25:41	83	939.00	XLON	00410633904TRLO1
03 August 2026 14:25:41	83	938.50	XLON	00410633905TRLO1
03 August 2026 14:30:02	84	937.50	XLON	00410634221TRLO1
03 August 2026 14:30:45	72	938.00	XLON	00410634343TRLO1
03 August 2026 14:31:45	173	938.50	XLON	00410634389TRLO1
03 August 2026 14:31:45	173	939.00	XLON	00410634390TRLO1
03 August 2026 14:40:05	12	939.50	XLON	00410635305TRLO1
03 August 2026 14:40:05	3	939.50	XLON	00410635306TRLO1
03 August 2026 14:40:35	11	940.00	XLON	00410635368TRLO1
03 August 2026 14:40:35	151	940.00	XLON	00410635369TRLO1
03 August 2026 14:42:14	84	941.00	XLON	00410635520TRLO1
03 August 2026 14:42:14	84	940.50	XLON	00410635521TRLO1
03 August 2026 14:42:14	18	940.50	XLON	00410635522TRLO1
03 August 2026 14:42:14	62	940.50	XLON	00410635523TRLO1
03 August 2026 14:42:14	69	940.00	XLON	00410635526TRLO1
03 August 2026 14:42:14	12	940.00	XLON	00410635527TRLO1
03 August 2026 14:42:14	12	940.00	XLON	00410635528TRLO1
03 August 2026 14:42:14	69	940.00	XLON	00410635529TRLO1
03 August 2026 14:42:46	83	941.00	XLON	00410635594TRLO1
03 August 2026 14:42:46	85	941.00	XLON	00410635601TRLO1
03 August 2026 14:42:47	86	941.50	XLON	00410635616TRLO1
03 August 2026 14:43:36	83	941.50	XLON	00410635715TRLO1
03 August 2026 14:55:52	86	943.00	XLON	00410637472TRLO1
03 August 2026 14:57:06	87	942.50	XLON	00410637626TRLO1
03 August 2026 14:58:58	83	942.50	XLON	00410637881TRLO1
03 August 2026 14:59:32	85	942.50	XLON	00410637969TRLO1
03 August 2026 15:01:41	88	943.50	XLON	00410638245TRLO1
03 August 2026 15:03:50	16	945.00	XLON	00410638467TRLO1
03 August 2026 15:04:19	87	945.50	XLON	00410638508TRLO1
03 August 2026 15:11:43	23	947.50	XLON	00410639060TRLO1
03 August 2026 15:11:43	80	947.50	XLON	00410639061TRLO1
03 August 2026 15:11:43	171	947.00	XLON	00410639062TRLO1
03 August 2026 15:11:46	176	947.00	XLON	00410639069TRLO1
03 August 2026 15:11:46	97	947.00	XLON	00410639070TRLO1
03 August 2026 15:11:46	81	946.50	XLON	00410639071TRLO1
03 August 2026 15:12:40	81	946.00	XLON	00410639131TRLO1
03 August 2026 15:14:48	84	946.00	XLON	00410639252TRLO1
03 August 2026 15:15:36	85	945.50	XLON	00410639293TRLO1
03 August 2026 15:17:20	82	945.00	XLON	00410639541TRLO1
03 August 2026 15:17:37	82	944.50	XLON	00410639561TRLO1
03 August 2026 15:20:55	75	944.50	XLON	00410639822TRLO1
03 August 2026 15:20:56	164	944.00	XLON	00410639823TRLO1
03 August 2026 15:22:27	80	944.00	XLON	00410639949TRLO1
03 August 2026 15:28:21	85	945.00	XLON	00410640300TRLO1
03 August 2026 15:28:31	82	945.00	XLON	00410640307TRLO1
03 August 2026 15:32:36	164	945.00	XLON	00410640592TRLO1
03 August 2026 15:36:18	242	945.00	XLON	00410640831TRLO1
03 August 2026 15:37:05	162	945.00	XLON	00410640850TRLO1
03 August 2026 15:38:05	162	945.00	XLON	00410640929TRLO1
03 August 2026 15:41:21	81	944.50	XLON	00410641096TRLO1
03 August 2026 15:41:21	81	944.50	XLON	00410641097TRLO1
03 August 2026 15:41:21	163	944.50	XLON	00410641098TRLO1
03 August 2026 15:44:25	88	945.50	XLON	00410641250TRLO1
03 August 2026 15:45:44	87	945.50	XLON	00410641343TRLO1
03 August 2026 15:46:21	87	944.50	XLON	00410641378TRLO1
03 August 2026 15:46:30	82	944.50	XLON	00410641383TRLO1
03 August 2026 15:48:11	86	947.00	XLON	00410641454TRLO1
03 August 2026 15:49:27	81	946.50	XLON	00410641494TRLO1
03 August 2026 15:50:10	80	946.50	XLON	00410641524TRLO1
03 August 2026 15:52:21	83	946.00	XLON	00410641599TRLO1
03 August 2026 15:58:56	18	946.50	XLON	00410641976TRLO1
03 August 2026 15:58:56	60	946.50	XLON	00410641977TRLO1
03 August 2026 15:58:56	166	946.00	XLON	00410641978TRLO1
03 August 2026 15:58:56	42	946.50	XLON	00410641979TRLO1
03 August 2026 15:58:56	159	946.00	XLON	00410641980TRLO1
03 August 2026 15:58:56	159	945.50	XLON	00410641981TRLO1
03 August 2026 16:00:54	81	944.50	XLON	00410642040TRLO1
03 August 2026 16:01:05	87	944.50	XLON	00410642054TRLO1
03 August 2026 16:09:35	151	945.00	XLON	00410642449TRLO1
03 August 2026 16:09:35	571	944.50	XLON	00410642450TRLO1
03 August 2026 16:09:35	81	944.00	XLON	00410642451TRLO1
03 August 2026 16:10:34	81	943.50	XLON	00410642494TRLO1
03 August 2026 16:12:30	80	943.50	XLON	00410642634TRLO1
03 August 2026 16:13:13	83	943.00	XLON	00410642662TRLO1
03 August 2026 16:16:21	82	943.00	XLON	00410642886TRLO1
03 August 2026 16:16:21	81	943.00	XLON	00410642887TRLO1
03 August 2026 16:18:19	167	946.50	XLON	00410643028TRLO1

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