Transaction in Own Shares

Gamma Communications PLC

12 August 2026

 

12 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:	11 August 2026
Number of ordinary shares purchased:	15,493
Lowest price per share (pence):	965.50
Highest price per share (pence):	977.00
Weighted average price per day (pence):	973.0092

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 3,002,698 ordinary shares since the commencement of the buyback programme and will have 90,761,653 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,257,979 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 89,257,979 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	973.0092	15,493	965.50	977.00

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
11 August 2026 08:33:33	36	970.50	XLON	00412775883TRLO1
11 August 2026 08:34:46	81	973.50	XLON	00412776475TRLO1
11 August 2026 08:35:47	81	972.00	XLON	00412776980TRLO1
11 August 2026 08:35:47	79	970.50	XLON	00412776983TRLO1
11 August 2026 08:46:37	20	971.00	XLON	00412782784TRLO1
11 August 2026 08:46:37	27	971.00	XLON	00412782785TRLO1
11 August 2026 08:46:37	99	971.00	XLON	00412782786TRLO1
11 August 2026 08:46:37	1	971.00	XLON	00412782787TRLO1
11 August 2026 08:46:37	60	971.00	XLON	00412782788TRLO1
11 August 2026 08:49:36	22	972.00	XLON	00412784942TRLO1
11 August 2026 08:49:36	8	972.00	XLON	00412784943TRLO1
11 August 2026 08:49:36	18	972.00	XLON	00412784944TRLO1
11 August 2026 08:49:36	128	972.00	XLON	00412784945TRLO1
11 August 2026 08:49:36	53	972.00	XLON	00412784946TRLO1
11 August 2026 08:50:22	82	971.50	XLON	00412785368TRLO1
11 August 2026 08:52:58	86	972.00	XLON	00412786811TRLO1
11 August 2026 08:52:58	18	972.00	XLON	00412786812TRLO1
11 August 2026 08:52:58	31	972.00	XLON	00412786813TRLO1
11 August 2026 08:54:55	94	972.50	XLON	00412787954TRLO1
11 August 2026 08:55:10	59	972.50	XLON	00412788066TRLO1
11 August 2026 08:55:10	21	972.50	XLON	00412788067TRLO1
11 August 2026 08:55:10	28	972.50	XLON	00412788068TRLO1
11 August 2026 08:55:10	82	971.50	XLON	00412788069TRLO1
11 August 2026 08:58:54	24	972.50	XLON	00412790373TRLO1
11 August 2026 08:58:54	24	972.50	XLON	00412790374TRLO1
11 August 2026 08:58:54	25	972.50	XLON	00412790375TRLO1
11 August 2026 08:58:54	3	972.50	XLON	00412790376TRLO1
11 August 2026 09:01:54	21	972.00	XLON	00412792335TRLO1
11 August 2026 09:01:54	56	972.00	XLON	00412792336TRLO1
11 August 2026 09:01:54	77	970.50	XLON	00412792337TRLO1
11 August 2026 09:02:03	77	968.50	XLON	00412792434TRLO1
11 August 2026 09:11:43	21	970.00	XLON	00412800072TRLO1
11 August 2026 09:11:43	76	969.50	XLON	00412800073TRLO1
11 August 2026 09:15:08	22	969.50	XLON	00412802508TRLO1
11 August 2026 09:15:08	20	969.50	XLON	00412802509TRLO1
11 August 2026 09:15:08	13	969.50	XLON	00412802510TRLO1
11 August 2026 09:15:08	79	969.00	XLON	00412802511TRLO1
11 August 2026 09:31:50	77	968.50	XLON	00412816849TRLO1
11 August 2026 09:31:54	1	968.50	XLON	00412816918TRLO1
11 August 2026 09:31:54	2	968.50	XLON	00412816919TRLO1
11 August 2026 09:38:05	80	968.00	XLON	00412820942TRLO1
11 August 2026 09:53:01	76	967.00	XLON	00412834189TRLO1
11 August 2026 09:55:04	83	965.50	XLON	00412836008TRLO1
11 August 2026 10:29:50	38	966.50	XLON	00412860511TRLO1
11 August 2026 10:29:50	14	966.50	XLON	00412860512TRLO1
11 August 2026 10:29:50	20	966.50	XLON	00412860513TRLO1
11 August 2026 10:29:50	84	966.50	XLON	00412860514TRLO1
11 August 2026 11:25:57	165	969.00	XLON	00412885016TRLO1
11 August 2026 11:25:59	162	970.50	XLON	00412885017TRLO1
11 August 2026 11:26:00	7	970.50	XLON	00412885018TRLO1
11 August 2026 11:26:00	1	970.50	XLON	00412885019TRLO1
11 August 2026 11:26:06	67	971.00	XLON	00412885027TRLO1
11 August 2026 11:27:33	5	970.50	XLON	00412885100TRLO1
11 August 2026 11:28:44	22	972.50	XLON	00412885145TRLO1
11 August 2026 11:28:44	29	972.50	XLON	00412885146TRLO1
11 August 2026 11:28:44	78	972.50	XLON	00412885147TRLO1
11 August 2026 11:28:44	100	972.50	XLON	00412885148TRLO1
11 August 2026 11:28:44	91	972.50	XLON	00412885149TRLO1
11 August 2026 11:31:15	22	971.50	XLON	00412885818TRLO1
11 August 2026 11:31:15	56	971.50	XLON	00412885819TRLO1
11 August 2026 11:58:51	82	971.00	XLON	00412886661TRLO1
11 August 2026 12:03:50	76	971.50	XLON	00412887073TRLO1
11 August 2026 12:18:52	81	970.50	XLON	00412887511TRLO1
11 August 2026 12:50:49	31	971.50	XLON	00412888365TRLO1
11 August 2026 12:50:49	100	971.50	XLON	00412888366TRLO1
11 August 2026 12:50:49	83	971.50	XLON	00412888367TRLO1
11 August 2026 12:50:52	8	971.50	XLON	00412888368TRLO1
11 August 2026 12:50:53	72	971.00	XLON	00412888369TRLO1
11 August 2026 12:54:51	28	972.50	XLON	00412888447TRLO1
11 August 2026 12:54:51	3	972.50	XLON	00412888448TRLO1
11 August 2026 12:59:55	81	971.50	XLON	00412888601TRLO1
11 August 2026 13:01:46	79	971.50	XLON	00412888690TRLO1
11 August 2026 13:24:43	83	971.50	XLON	00412889727TRLO1
11 August 2026 13:31:45	80	970.50	XLON	00412889911TRLO1
11 August 2026 13:31:48	78	969.00	XLON	00412889913TRLO1
11 August 2026 13:43:50	98	970.50	XLON	00412890244TRLO1
11 August 2026 13:43:50	94	970.50	XLON	00412890245TRLO1
11 August 2026 13:44:00	30	971.50	XLON	00412890250TRLO1
11 August 2026 13:44:00	32	971.50	XLON	00412890251TRLO1
11 August 2026 13:44:00	16	971.50	XLON	00412890252TRLO1
11 August 2026 13:44:00	5	971.50	XLON	00412890253TRLO1
11 August 2026 13:44:00	7	971.50	XLON	00412890254TRLO1
11 August 2026 13:47:14	49	971.00	XLON	00412890345TRLO1
11 August 2026 13:48:55	27	971.00	XLON	00412890399TRLO1
11 August 2026 13:48:55	28	971.00	XLON	00412890400TRLO1
11 August 2026 13:49:19	76	971.50	XLON	00412890405TRLO1
11 August 2026 13:52:12	80	971.00	XLON	00412890520TRLO1
11 August 2026 13:52:12	33	971.00	XLON	00412890521TRLO1
11 August 2026 13:55:04	78	970.00	XLON	00412890581TRLO1
11 August 2026 13:55:23	76	970.50	XLON	00412890586TRLO1
11 August 2026 14:00:04	42	969.00	XLON	00412890749TRLO1
11 August 2026 14:00:04	40	969.00	XLON	00412890750TRLO1
11 August 2026 14:21:20	27	970.50	XLON	00412891264TRLO1
11 August 2026 14:21:20	86	970.50	XLON	00412891265TRLO1
11 August 2026 14:21:20	27	970.50	XLON	00412891266TRLO1
11 August 2026 14:21:20	28	970.50	XLON	00412891267TRLO1
11 August 2026 14:21:20	256	970.50	XLON	00412891268TRLO1
11 August 2026 14:21:20	87	970.50	XLON	00412891269TRLO1
11 August 2026 14:28:21	82	970.00	XLON	00412891488TRLO1
11 August 2026 14:28:21	77	970.00	XLON	00412891489TRLO1
11 August 2026 14:29:22	200	971.00	XLON	00412891552TRLO1
11 August 2026 14:29:22	76	971.00	XLON	00412891553TRLO1
11 August 2026 14:33:41	76	970.00	XLON	00412891917TRLO1
11 August 2026 14:33:41	75	970.00	XLON	00412891918TRLO1
11 August 2026 14:33:41	75	970.00	XLON	00412891919TRLO1
11 August 2026 14:37:06	27	970.00	XLON	00412892142TRLO1
11 August 2026 14:37:06	126	970.00	XLON	00412892143TRLO1
11 August 2026 14:43:19	31	973.00	XLON	00412892558TRLO1
11 August 2026 14:43:19	34	973.00	XLON	00412892559TRLO1
11 August 2026 14:43:19	60	973.00	XLON	00412892560TRLO1
11 August 2026 14:43:19	95	973.00	XLON	00412892561TRLO1
11 August 2026 14:43:19	65	973.00	XLON	00412892562TRLO1
11 August 2026 14:43:19	67	971.50	XLON	00412892563TRLO1
11 August 2026 14:43:19	67	971.00	XLON	00412892566TRLO1
11 August 2026 14:43:19	12	971.00	XLON	00412892567TRLO1
11 August 2026 14:44:01	40	971.50	XLON	00412892602TRLO1
11 August 2026 14:44:01	42	971.50	XLON	00412892603TRLO1
11 August 2026 14:45:25	81	971.00	XLON	00412892686TRLO1
11 August 2026 14:45:25	390	971.00	XLON	00412892687TRLO1
11 August 2026 14:45:25	63	971.00	XLON	00412892688TRLO1
11 August 2026 14:45:41	81	971.00	XLON	00412892697TRLO1
11 August 2026 14:45:41	64	971.50	XLON	00412892698TRLO1
11 August 2026 14:45:52	27	971.50	XLON	00412892705TRLO1
11 August 2026 14:46:00	73	972.00	XLON	00412892709TRLO1
11 August 2026 14:46:00	39	972.00	XLON	00412892710TRLO1
11 August 2026 14:46:16	51	972.50	XLON	00412892733TRLO1
11 August 2026 14:46:16	100	972.50	XLON	00412892734TRLO1
11 August 2026 14:46:16	83	972.50	XLON	00412892735TRLO1
11 August 2026 14:46:16	120	972.50	XLON	00412892736TRLO1
11 August 2026 14:46:16	77	971.50	XLON	00412892737TRLO1
11 August 2026 14:46:16	77	971.00	XLON	00412892738TRLO1
11 August 2026 14:46:31	39	971.50	XLON	00412892750TRLO1
11 August 2026 14:46:53	15	971.50	XLON	00412892755TRLO1
11 August 2026 14:58:23	53	976.00	XLON	00412893650TRLO1
11 August 2026 14:58:23	704	976.00	XLON	00412893651TRLO1
11 August 2026 14:58:23	757	977.00	XLON	00412893652TRLO1
11 August 2026 14:58:23	129	975.50	XLON	00412893653TRLO1
11 August 2026 14:58:23	445	975.50	XLON	00412893654TRLO1
11 August 2026 14:58:23	186	975.50	XLON	00412893655TRLO1
11 August 2026 14:58:23	129	975.00	XLON	00412893656TRLO1
11 August 2026 14:58:42	604	976.00	XLON	00412893678TRLO1
11 August 2026 15:01:10	79	975.00	XLON	00412893814TRLO1
11 August 2026 15:01:10	79	975.00	XLON	00412893815TRLO1
11 August 2026 15:01:41	78	973.50	XLON	00412893831TRLO1
11 August 2026 15:08:09	81	973.00	XLON	00412894090TRLO1
11 August 2026 15:10:18	81	974.00	XLON	00412894187TRLO1
11 August 2026 15:20:25	26	974.50	XLON	00412894894TRLO1
11 August 2026 15:20:25	146	974.50	XLON	00412894895TRLO1
11 August 2026 15:20:25	61	974.50	XLON	00412894896TRLO1
11 August 2026 15:20:25	26	974.50	XLON	00412894897TRLO1
11 August 2026 15:20:25	16	974.50	XLON	00412894898TRLO1
11 August 2026 15:26:53	100	975.50	XLON	00412895188TRLO1
11 August 2026 15:26:53	90	975.50	XLON	00412895189TRLO1
11 August 2026 15:26:53	376	975.00	XLON	00412895190TRLO1
11 August 2026 15:26:57	14	974.50	XLON	00412895191TRLO1
11 August 2026 15:26:57	220	974.50	XLON	00412895192TRLO1
11 August 2026 15:27:54	82	974.00	XLON	00412895220TRLO1
11 August 2026 15:27:54	77	973.00	XLON	00412895221TRLO1
11 August 2026 15:30:05	79	974.00	XLON	00412895314TRLO1
11 August 2026 15:35:48	79	974.00	XLON	00412895712TRLO1
11 August 2026 15:35:52	60	973.50	XLON	00412895715TRLO1
11 August 2026 15:35:52	17	973.50	XLON	00412895716TRLO1
11 August 2026 15:36:36	76	973.50	XLON	00412895746TRLO1
11 August 2026 15:39:54	77	974.50	XLON	00412895994TRLO1
11 August 2026 15:42:00	79	974.50	XLON	00412896165TRLO1
11 August 2026 15:49:36	159	974.50	XLON	00412896639TRLO1
11 August 2026 15:50:05	1	975.00	XLON	00412896670TRLO1
11 August 2026 15:51:51	66	975.50	XLON	00412896789TRLO1
11 August 2026 15:52:36	308	975.00	XLON	00412896877TRLO1
11 August 2026 15:52:36	67	974.50	XLON	00412896878TRLO1
11 August 2026 15:52:54	9	974.00	XLON	00412896890TRLO1
11 August 2026 15:52:54	67	974.00	XLON	00412896891TRLO1
11 August 2026 15:53:25	82	974.00	XLON	00412896912TRLO1
11 August 2026 15:56:38	151	975.00	XLON	00412897052TRLO1
11 August 2026 15:56:38	78	975.00	XLON	00412897053TRLO1
11 August 2026 15:57:42	79	974.50	XLON	00412897134TRLO1
11 August 2026 16:02:57	77	975.00	XLON	00412897443TRLO1
11 August 2026 16:03:11	82	974.50	XLON	00412897455TRLO1
11 August 2026 16:03:33	48	974.50	XLON	00412897487TRLO1
11 August 2026 16:03:33	14	974.50	XLON	00412897488TRLO1
11 August 2026 16:04:21	76	975.00	XLON	00412897579TRLO1
11 August 2026 16:08:18	76	975.00	XLON	00412897822TRLO1
11 August 2026 16:09:24	81	974.50	XLON	00412897895TRLO1
11 August 2026 16:09:55	78	974.00	XLON	00412897925TRLO1
11 August 2026 16:10:12	121	974.50	XLON	00412897937TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898303TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898304TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898305TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898306TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898307TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898308TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898309TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898310TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898311TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898312TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898313TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898314TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898315TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898316TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898317TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898318TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898319TRLO1
11 August 2026 16:15:24	24	976.00	XLON	00412898320TRLO1
11 August 2026 16:15:39	24	976.00	XLON	00412898345TRLO1
11 August 2026 16:15:49	16	976.00	XLON	00412898353TRLO1
11 August 2026 16:15:49	16	976.00	XLON	00412898354TRLO1
11 August 2026 16:15:49	16	976.00	XLON	00412898355TRLO1
11 August 2026 16:15:49	16	976.00	XLON	00412898356TRLO1
11 August 2026 16:15:51	16	976.00	XLON	00412898361TRLO1
11 August 2026 16:16:01	16	976.00	XLON	00412898375TRLO1
11 August 2026 16:16:03	82	975.50	XLON	00412898376TRLO1
11 August 2026 16:17:24	7	976.50	XLON	00412898437TRLO1

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.

 

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