Transaction in Own Shares

Summary by AI BETAClose X

Gamma Communications PLC has purchased 15,884 ordinary shares on August 14, 2026, as part of its ongoing share buyback program, with prices ranging from 971.00 pence to 981.50 pence per share, averaging 977.13 pence. These shares are intended for cancellation, and following this transaction, the company will have 89,210,654 ordinary shares in issue, with 1,503,674 held in treasury, resulting in a total of 89,210,654 voting rights. This announcement also serves as a Rule 2.9 confirmation for takeover purposes, stating the current number of voting shares in issue.

Disclaimer*

Gamma Communications PLC
17 August 2026
 

17 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:

14 August 2026

Number of ordinary shares purchased:

15,884

Lowest price per share (pence):

971.00

Highest price per share (pence):

981.50

Weighted average price per day (pence):

977.1269

 

 The Company intends to cancel the purchased ordinary shares.

 

Following settlement of the above purchases, Gamma has purchased a total of 3,050,023 ordinary shares since the commencement of the buyback programme and will have 90,714,328 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,210,654 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 89,210,654 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

977.1269

15,884

971.00

981.50

 

 

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

14 August 2026 08:12:55

76

                      972.50

XLON

00413775292TRLO1

14 August 2026 08:15:12

13

                      974.00

XLON

00413777010TRLO1

14 August 2026 08:15:27

79

                      981.00

XLON

00413777270TRLO1

14 August 2026 08:15:27

79

                      981.50

XLON

00413777271TRLO1

14 August 2026 08:15:35

82

                      979.50

XLON

00413777350TRLO1

14 August 2026 08:15:40

77

                      979.50

XLON

00413777397TRLO1

14 August 2026 08:18:40

82

                      979.50

XLON

00413778994TRLO1

14 August 2026 08:18:50

79

                      978.50

XLON

00413779080TRLO1

14 August 2026 08:25:02

77

                      978.50

XLON

00413782372TRLO1

14 August 2026 08:25:02

77

                      978.50

XLON

00413782373TRLO1

14 August 2026 08:30:15

77

                      977.50

XLON

00413785201TRLO1

14 August 2026 08:30:15

81

                      977.50

XLON

00413785202TRLO1

14 August 2026 08:32:51

79

                      979.50

XLON

00413786717TRLO1

14 August 2026 08:32:58

78

                      979.00

XLON

00413786749TRLO1

14 August 2026 08:42:17

76

                      978.00

XLON

00413792371TRLO1

14 August 2026 08:42:20

76

                      978.00

XLON

00413792398TRLO1

14 August 2026 08:43:40

83

                      977.00

XLON

00413793064TRLO1

14 August 2026 08:47:42

78

                      976.00

XLON

00413795282TRLO1

14 August 2026 08:49:07

80

                      977.50

XLON

00413796095TRLO1

14 August 2026 09:09:39

80

                      977.00

XLON

00413806158TRLO1

14 August 2026 09:27:31

165

                      978.50

XLON

00413814223TRLO1

14 August 2026 09:40:17

13

                      979.00

XLON

00413823691TRLO1

14 August 2026 09:40:17

47

                      979.00

XLON

00413823692TRLO1

14 August 2026 09:40:17

24

                      979.00

XLON

00413823693TRLO1

14 August 2026 09:40:17

10

                      979.00

XLON

00413823694TRLO1

14 August 2026 09:40:17

8

                      979.00

XLON

00413823695TRLO1

14 August 2026 09:40:17

20

                      979.00

XLON

00413823696TRLO1

14 August 2026 09:40:17

47

                      979.00

XLON

00413823697TRLO1

14 August 2026 09:40:17

24

                      979.00

XLON

00413823698TRLO1

14 August 2026 09:40:17

10

                      979.00

XLON

00413823699TRLO1

14 August 2026 09:40:17

8

                      979.00

XLON

00413823700TRLO1

14 August 2026 09:40:17

20

                      979.00

XLON

00413823701TRLO1

14 August 2026 09:40:17

78

                      978.00

XLON

00413823702TRLO1

14 August 2026 09:40:17

78

                      977.50

XLON

00413823703TRLO1

14 August 2026 09:44:40

32

                      978.50

XLON

00413826082TRLO1

14 August 2026 09:55:01

82

                      980.00

XLON

00413832651TRLO1

14 August 2026 09:55:01

6

                      980.50

XLON

00413832652TRLO1

14 August 2026 09:55:01

25

                      980.50

XLON

00413832653TRLO1

14 August 2026 09:55:18

79

                      980.00

XLON

00413832856TRLO1

14 August 2026 09:58:07

78

                      980.00

XLON

00413834939TRLO1

14 August 2026 10:01:57

53

                      981.00

XLON

00413837852TRLO1

14 August 2026 10:01:57

80

                      980.50

XLON

00413837853TRLO1

14 August 2026 10:01:57

49

                      981.00

XLON

00413837854TRLO1

14 August 2026 10:01:57

14

                      981.00

XLON

00413837855TRLO1

14 August 2026 10:01:57

80

                      980.50

XLON

00413837869TRLO1

14 August 2026 10:01:58

172

                      980.50

XLON

00413837891TRLO1

14 August 2026 10:03:57

77

                      980.00

XLON

00413839801TRLO1

14 August 2026 10:04:03

79

                      980.00

XLON

00413839856TRLO1

14 August 2026 10:05:00

79

                      979.50

XLON

00413840503TRLO1

14 August 2026 10:10:46

153

                      977.50

XLON

00413844897TRLO1

14 August 2026 10:16:04

80

                      977.00

XLON

00413848693TRLO1

14 August 2026 10:37:04

81

                      978.00

XLON

00413866731TRLO1

14 August 2026 10:37:04

81

                      978.00

XLON

00413866732TRLO1

14 August 2026 10:37:04

129

                      978.00

XLON

00413866733TRLO1

14 August 2026 10:45:17

102

                      979.00

XLON

00413873718TRLO1

14 August 2026 10:47:24

82

                      978.50

XLON

00413874727TRLO1

14 August 2026 10:55:09

13

                      979.00

XLON

00413876356TRLO1

14 August 2026 10:55:14

78

                      978.50

XLON

00413876379TRLO1

14 August 2026 10:55:17

48

                      979.50

XLON

00413876394TRLO1

14 August 2026 10:55:17

66

                      979.50

XLON

00413876395TRLO1

14 August 2026 10:59:13

13

                      979.50

XLON

00413877003TRLO1

14 August 2026 10:59:13

66

                      979.50

XLON

00413877004TRLO1

14 August 2026 11:03:05

11

                      979.50

XLON

00413877122TRLO1

14 August 2026 11:03:05

68

                      979.50

XLON

00413877123TRLO1

14 August 2026 11:04:17

79

                      979.00

XLON

00413877145TRLO1

14 August 2026 11:15:28

79

                      980.00

XLON

00413877557TRLO1

14 August 2026 11:25:17

141

                      981.50

XLON

00413878137TRLO1

14 August 2026 11:27:36

79

                      980.50

XLON

00413878188TRLO1

14 August 2026 11:27:36

78

                      980.50

XLON

00413878189TRLO1

14 August 2026 11:27:36

154

                      979.00

XLON

00413878190TRLO1

14 August 2026 11:27:39

69

                      978.00

XLON

00413878192TRLO1

14 August 2026 12:14:14

33

                      980.50

XLON

00413879403TRLO1

14 August 2026 12:14:14

17

                      980.50

XLON

00413879404TRLO1

14 August 2026 12:14:26

80

                      980.50

XLON

00413879415TRLO1

14 August 2026 12:14:26

92

                      980.50

XLON

00413879416TRLO1

14 August 2026 12:14:26

87

                      980.50

XLON

00413879417TRLO1

14 August 2026 12:16:03

154

                      980.50

XLON

00413879453TRLO1

14 August 2026 12:17:05

1

                      980.50

XLON

00413879474TRLO1

14 August 2026 12:17:05

72

                      980.50

XLON

00413879475TRLO1

14 August 2026 12:17:05

72

                      980.50

XLON

00413879476TRLO1

14 August 2026 12:17:05

77

                      980.00

XLON

00413879477TRLO1

14 August 2026 12:17:09

77

                      979.50

XLON

00413879478TRLO1

14 August 2026 12:17:09

25

                      979.00

XLON

00413879479TRLO1

14 August 2026 12:17:09

22

                      979.50

XLON

00413879480TRLO1

14 August 2026 12:17:09

29

                      979.50

XLON

00413879481TRLO1

14 August 2026 12:22:05

141

                      979.50

XLON

00413879596TRLO1

14 August 2026 12:25:56

6

                      979.50

XLON

00413879708TRLO1

14 August 2026 12:25:56

74

                      979.50

XLON

00413879709TRLO1

14 August 2026 12:28:47

80

                      979.00

XLON

00413879756TRLO1

14 August 2026 12:50:18

13

                      980.00

XLON

00413880158TRLO1

14 August 2026 12:50:18

161

                      979.50

XLON

00413880159TRLO1

14 August 2026 13:07:57

248

                      979.00

XLON

00413880428TRLO1

14 August 2026 13:07:57

12

                      979.00

XLON

00413880429TRLO1

14 August 2026 13:15:17

8

                      979.50

XLON

00413880610TRLO1

14 August 2026 13:15:17

8

                      979.50

XLON

00413880611TRLO1

14 August 2026 13:15:22

87

                      980.00

XLON

00413880612TRLO1

14 August 2026 13:15:30

10

                      980.00

XLON

00413880613TRLO1

14 August 2026 13:15:30

20

                      980.00

XLON

00413880614TRLO1

14 August 2026 13:15:30

16

                      980.00

XLON

00413880615TRLO1

14 August 2026 13:15:30

77

                      979.50

XLON

00413880616TRLO1

14 August 2026 13:15:30

20

                      980.00

XLON

00413880617TRLO1

14 August 2026 13:15:30

20

                      980.00

XLON

00413880618TRLO1

14 August 2026 13:15:30

18

                      980.00

XLON

00413880619TRLO1

14 August 2026 13:15:30

2

                      980.00

XLON

00413880620TRLO1

14 August 2026 13:15:30

11

                      980.00

XLON

00413880621TRLO1

14 August 2026 13:15:30

77

                      979.50

XLON

00413880622TRLO1

14 August 2026 13:18:05

39

                      979.00

XLON

00413880651TRLO1

14 August 2026 13:21:49

38

                      979.00

XLON

00413880695TRLO1

14 August 2026 13:21:49

39

                      979.00

XLON

00413880696TRLO1

14 August 2026 13:21:49

76

                      979.00

XLON

00413880697TRLO1

14 August 2026 13:21:49

63

                      978.50

XLON

00413880698TRLO1

14 August 2026 13:21:49

17

                      978.50

XLON

00413880699TRLO1

14 August 2026 13:21:49

172

                      979.00

XLON

00413880700TRLO1

14 August 2026 13:21:56

150

                      978.50

XLON

00413880704TRLO1

14 August 2026 13:22:02

8

                      978.50

XLON

00413880706TRLO1

14 August 2026 13:22:02

71

                      978.50

XLON

00413880707TRLO1

14 August 2026 13:30:18

79

                      979.00

XLON

00413880944TRLO1

14 August 2026 13:30:21

68

                      978.50

XLON

00413880945TRLO1

14 August 2026 13:32:04

12

                      978.50

XLON

00413881034TRLO1

14 August 2026 13:32:04

68

                      978.50

XLON

00413881035TRLO1

14 August 2026 13:32:47

12

                      978.50

XLON

00413881126TRLO1

14 August 2026 13:32:47

68

                      978.50

XLON

00413881127TRLO1

14 August 2026 13:34:15

76

                      978.50

XLON

00413881200TRLO1

14 August 2026 13:48:30

82

                      978.00

XLON

00413881566TRLO1

14 August 2026 13:51:51

38

                      978.00

XLON

00413881638TRLO1

14 August 2026 13:51:51

44

                      978.00

XLON

00413881639TRLO1

14 August 2026 13:54:36

82

                      977.50

XLON

00413881691TRLO1

14 August 2026 14:01:50

173

                      977.50

XLON

00413881961TRLO1

14 August 2026 14:15:32

17

                      977.50

XLON

00413882210TRLO1

14 August 2026 14:27:29

129

                      977.50

XLON

00413882444TRLO1

14 August 2026 14:27:29

67

                      977.50

XLON

00413882445TRLO1

14 August 2026 14:27:29

28

                      977.50

XLON

00413882446TRLO1

14 August 2026 14:27:29

91

                      977.50

XLON

00413882447TRLO1

14 August 2026 14:27:29

67

                      977.50

XLON

00413882448TRLO1

14 August 2026 14:27:29

28

                      977.50

XLON

00413882449TRLO1

14 August 2026 14:27:29

78

                      977.50

XLON

00413882450TRLO1

14 August 2026 14:27:29

40

                      977.50

XLON

00413882451TRLO1

14 August 2026 14:27:29

78

                      977.50

XLON

00413882452TRLO1

14 August 2026 14:27:29

40

                      977.50

XLON

00413882453TRLO1

14 August 2026 14:36:30

162

                      978.00

XLON

00413882969TRLO1

14 August 2026 14:36:30

81

                      978.00

XLON

00413882970TRLO1

14 August 2026 14:36:30

24

                      978.00

XLON

00413882971TRLO1

14 August 2026 14:36:30

247

                      977.50

XLON

00413882972TRLO1

14 August 2026 14:36:30

133

                      977.50

XLON

00413882973TRLO1

14 August 2026 14:36:30

88

                      977.50

XLON

00413882974TRLO1

14 August 2026 14:36:30

8

                      977.50

XLON

00413882975TRLO1

14 August 2026 14:37:16

153

                      977.50

XLON

00413882990TRLO1

14 August 2026 14:39:55

77

                      977.00

XLON

00413883198TRLO1

14 August 2026 14:43:44

78

                      976.50

XLON

00413883481TRLO1

14 August 2026 14:47:32

78

                      976.00

XLON

00413883748TRLO1

14 August 2026 14:50:22

54

                      975.50

XLON

00413883889TRLO1

14 August 2026 14:50:22

23

                      975.50

XLON

00413883890TRLO1

14 August 2026 14:51:59

2

                      975.50

XLON

00413883987TRLO1

14 August 2026 14:51:59

75

                      975.50

XLON

00413883988TRLO1

14 August 2026 14:53:35

77

                      975.50

XLON

00413884102TRLO1

14 August 2026 14:55:15

77

                      975.50

XLON

00413884176TRLO1

14 August 2026 14:56:19

153

                      975.00

XLON

00413884289TRLO1

14 August 2026 14:56:20

72

                      974.50

XLON

00413884292TRLO1

14 August 2026 15:00:47

80

                      975.50

XLON

00413884546TRLO1

14 August 2026 15:03:05

1

                      975.50

XLON

00413884637TRLO1

14 August 2026 15:03:05

84

                      975.50

XLON

00413884638TRLO1

14 August 2026 15:03:16

82

                      975.00

XLON

00413884660TRLO1

14 August 2026 15:03:16

81

                      975.00

XLON

00413884661TRLO1

14 August 2026 15:03:30

76

                      974.50

XLON

00413884671TRLO1

14 August 2026 15:03:30

75

                      974.50

XLON

00413884672TRLO1

14 August 2026 15:06:22

76

                      974.50

XLON

00413884880TRLO1

14 August 2026 15:06:23

79

                      974.00

XLON

00413884884TRLO1

14 August 2026 15:06:32

83

                      973.50

XLON

00413884888TRLO1

14 August 2026 15:12:05

157

                      975.00

XLON

00413885151TRLO1

14 August 2026 15:15:41

155

                      975.00

XLON

00413885445TRLO1

14 August 2026 15:16:41

79

                      974.50

XLON

00413885504TRLO1

14 August 2026 15:21:26

81

                      974.00

XLON

00413885762TRLO1

14 August 2026 15:24:21

80

                      973.50

XLON

00413885874TRLO1

14 August 2026 15:24:27

78

                      973.50

XLON

00413885889TRLO1

14 August 2026 15:24:46

77

                      973.00

XLON

00413885896TRLO1

14 August 2026 15:24:49

80

                      972.00

XLON

00413885897TRLO1

14 August 2026 15:24:56

77

                      971.00

XLON

00413885900TRLO1

14 August 2026 15:25:46

165

                      973.50

XLON

00413885936TRLO1

14 August 2026 15:30:14

160

                      973.50

XLON

00413886168TRLO1

14 August 2026 15:30:42

155

                      974.00

XLON

00413886219TRLO1

14 August 2026 15:30:42

78

                      974.00

XLON

00413886220TRLO1

14 August 2026 15:30:42

81

                      973.50

XLON

00413886221TRLO1

14 August 2026 15:34:24

81

                      972.50

XLON

00413886400TRLO1

14 August 2026 15:34:24

80

                      972.50

XLON

00413886401TRLO1

14 August 2026 15:41:01

60

                      973.50

XLON

00413886695TRLO1

14 August 2026 15:41:01

19

                      973.50

XLON

00413886696TRLO1

14 August 2026 15:42:15

78

                      973.50

XLON

00413886825TRLO1

14 August 2026 15:43:29

79

                      973.50

XLON

00413886913TRLO1

14 August 2026 15:44:44

78

                      973.50

XLON

00413887073TRLO1

14 August 2026 15:45:59

78

                      973.50

XLON

00413887102TRLO1

14 August 2026 15:45:59

234

                      973.00

XLON

00413887103TRLO1

14 August 2026 15:45:59

156

                      972.50

XLON

00413887104TRLO1

14 August 2026 15:46:01

19

                      972.50

XLON

00413887106TRLO1

14 August 2026 15:47:07

21

                      972.50

XLON

00413887143TRLO1

14 August 2026 15:50:31

55

                      972.50

XLON

00413887316TRLO1

14 August 2026 15:50:31

21

                      972.50

XLON

00413887317TRLO1

14 August 2026 15:50:31

75

                      972.50

XLON

00413887318TRLO1

14 August 2026 15:53:23

152

                      973.50

XLON

00413887486TRLO1

14 August 2026 15:54:18

82

                      973.00

XLON

00413887520TRLO1

14 August 2026 16:01:20

63

                      975.00

XLON

00413887819TRLO1

14 August 2026 16:01:20

67

                      975.00

XLON

00413887820TRLO1

14 August 2026 16:01:20

67

                      975.00

XLON

00413887821TRLO1

14 August 2026 16:03:52

226

                      974.50

XLON

00413888026TRLO1

14 August 2026 16:03:52

76

                      974.50

XLON

00413888027TRLO1

14 August 2026 16:03:52

79

                      974.00

XLON

00413888029TRLO1

14 August 2026 16:03:52

78

                      974.00

XLON

00413888030TRLO1

14 August 2026 16:05:37

83

                      977.50

XLON

00413888131TRLO1

14 August 2026 16:06:13

77

                      976.50

XLON

00413888142TRLO1

14 August 2026 16:10:56

5

                      978.00

XLON

00413888491TRLO1

14 August 2026 16:10:56

76

                      976.50

XLON

00413888492TRLO1

14 August 2026 16:10:56

75

                      976.50

XLON

00413888493TRLO1

14 August 2026 16:10:56

151

                      977.00

XLON

00413888494TRLO1

14 August 2026 16:11:05

81

                      976.00

XLON

00413888509TRLO1

14 August 2026 16:15:03

160

                      975.50

XLON

00413888796TRLO1

14 August 2026 16:15:03

76

                      975.50

XLON

00413888797TRLO1

14 August 2026 16:15:12

76

                      975.50

XLON

00413888837TRLO1

14 August 2026 16:16:18

82

                      975.00

XLON

00413888934TRLO1

14 August 2026 16:17:49

79

                      976.00

XLON

00413889087TRLO1

14 August 2026 16:18:16

76

                      975.50

XLON

00413889150TRLO1

 

 

Enquiries:    

 

Gamma Communications plc

Martin Hellawell, Chair

Andrew Belshaw, Chief Executive Officer

Rachael Matzopoulos, Company Secretary

 

+44 (0) 33 3006 5972

Barclays Bank PLC, acting through its Investment Bank

(Lead Financial Adviser)

Alastair Blackman / Alex Evans / Callum West / Michael Hart

 

+44 (0) 20 7623 2323

Q Advisors (Joint Financial Adviser) 

Michael Quinn / Kristian MacCarter

 

+1 720 837 3214

Investec (Joint Financial Adviser and Joint Broker) 

Patrick Robb / Virginia Bull  

 

+44 (0) 20 7597 5970

Peel Hunt (Joint Financial Adviser and Joint Broker) 

Neil Patel / Alice Lane / Benjamin Cryer

  

+44 (0) 20 7418 8900 

Teneo (Financial PR Adviser) 

James Macey White / Matt Low

  

+44 (0) 20 7260 2700

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 +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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