Transaction in Own Shares

Gamma Communications PLC

21 August 2026

 

21 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:	20 August 2026
Number of ordinary shares purchased:	15,700
Lowest price per share (pence):	971.50
Highest price per share (pence):	985.00
Weighted average price per day (pence):	976.0283

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 3,111,643 ordinary shares since the commencement of the buyback programme and will have 90,652,708 ordinary shares in issue. There are 1,503,674 ordinary shares held in treasury. The total voting rights in the Company are therefore 89,149,034 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 89,149,034 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	976.0283	15,700	971.50	985.00

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
20 August 2026 08:13:03	43	980.50	XLON	00414969406TRLO1
20 August 2026 08:13:03	81	976.50	XLON	00414969408TRLO1
20 August 2026 08:13:03	78	976.00	XLON	00414969409TRLO1
20 August 2026 08:18:40	78	979.50	XLON	00414976430TRLO1
20 August 2026 08:20:21	77	983.50	XLON	00414978187TRLO1
20 August 2026 08:23:15	82	984.50	XLON	00414981133TRLO1
20 August 2026 08:23:15	82	985.00	XLON	00414981134TRLO1
20 August 2026 08:31:26	82	983.00	XLON	00414988129TRLO1
20 August 2026 08:31:26	82	983.50	XLON	00414988130TRLO1
20 August 2026 08:31:26	81	982.50	XLON	00414988131TRLO1
20 August 2026 08:44:13	81	981.00	XLON	00414998192TRLO1
20 August 2026 08:52:13	78	980.50	XLON	00415006083TRLO1
20 August 2026 08:52:13	82	978.50	XLON	00415006084TRLO1
20 August 2026 08:52:15	24	980.00	XLON	00415006117TRLO1
20 August 2026 08:52:15	109	980.00	XLON	00415006118TRLO1
20 August 2026 08:52:15	38	980.00	XLON	00415006119TRLO1
20 August 2026 08:54:02	82	979.00	XLON	00415007700TRLO1
20 August 2026 08:54:02	76	979.00	XLON	00415007701TRLO1
20 August 2026 09:32:33	76	978.50	XLON	00415046551TRLO1
20 August 2026 09:32:33	380	978.50	XLON	00415046552TRLO1
20 August 2026 09:33:00	60	978.00	XLON	00415046974TRLO1
20 August 2026 09:42:28	76	978.00	XLON	00415057780TRLO1
20 August 2026 09:42:28	380	978.00	XLON	00415057781TRLO1
20 August 2026 09:52:20	153	977.50	XLON	00415067928TRLO1
20 August 2026 09:56:02	77	975.50	XLON	00415071507TRLO1
20 August 2026 10:56:20	76	975.50	XLON	00415142013TRLO1
20 August 2026 11:22:54	77	974.50	XLON	00415144570TRLO1
20 August 2026 11:22:54	77	974.50	XLON	00415144571TRLO1
20 August 2026 11:22:59	68	974.50	XLON	00415144578TRLO1
20 August 2026 11:23:30	47	974.50	XLON	00415144593TRLO1
20 August 2026 11:27:12	9	973.00	XLON	00415144668TRLO1
20 August 2026 11:27:12	72	973.00	XLON	00415144669TRLO1
20 August 2026 11:38:19	7	974.50	XLON	00415144919TRLO1
20 August 2026 11:38:19	64	974.50	XLON	00415144920TRLO1
20 August 2026 11:38:55	42	974.50	XLON	00415144932TRLO1
20 August 2026 11:38:55	19	974.50	XLON	00415144933TRLO1
20 August 2026 11:39:21	56	974.50	XLON	00415144939TRLO1
20 August 2026 11:39:21	146	974.50	XLON	00415144940TRLO1
20 August 2026 11:40:32	16	974.50	XLON	00415144949TRLO1
20 August 2026 11:43:03	153	974.00	XLON	00415144991TRLO1
20 August 2026 11:43:03	119	974.00	XLON	00415144992TRLO1
20 August 2026 11:57:45	39	975.50	XLON	00415145793TRLO1
20 August 2026 12:02:02	80	975.50	XLON	00415145908TRLO1
20 August 2026 12:07:17	80	975.00	XLON	00415146033TRLO1
20 August 2026 12:19:42	78	976.00	XLON	00415146240TRLO1
20 August 2026 12:19:42	80	976.50	XLON	00415146241TRLO1
20 August 2026 12:20:40	70	977.00	XLON	00415146264TRLO1
20 August 2026 12:20:40	45	977.00	XLON	00415146265TRLO1
20 August 2026 12:20:40	123	977.00	XLON	00415146266TRLO1
20 August 2026 12:20:40	81	976.00	XLON	00415146267TRLO1
20 August 2026 12:20:40	45	977.00	XLON	00415146268TRLO1
20 August 2026 12:20:40	20	977.00	XLON	00415146269TRLO1
20 August 2026 12:20:40	81	976.00	XLON	00415146270TRLO1
20 August 2026 12:20:41	82	977.00	XLON	00415146271TRLO1
20 August 2026 12:20:41	44	977.00	XLON	00415146272TRLO1
20 August 2026 12:20:41	76	976.00	XLON	00415146273TRLO1
20 August 2026 12:20:41	159	977.00	XLON	00415146274TRLO1
20 August 2026 12:20:41	77	976.00	XLON	00415146275TRLO1
20 August 2026 12:20:41	151	977.00	XLON	00415146276TRLO1
20 August 2026 12:20:41	30	977.00	XLON	00415146277TRLO1
20 August 2026 12:20:41	79	976.00	XLON	00415146278TRLO1
20 August 2026 12:20:41	163	977.00	XLON	00415146279TRLO1
20 August 2026 12:20:41	15	977.00	XLON	00415146280TRLO1
20 August 2026 12:20:41	80	976.00	XLON	00415146281TRLO1
20 August 2026 12:22:00	81	976.50	XLON	00415146293TRLO1
20 August 2026 12:22:00	80	976.00	XLON	00415146294TRLO1
20 August 2026 12:23:14	84	977.50	XLON	00415146326TRLO1
20 August 2026 12:23:14	4	977.50	XLON	00415146327TRLO1
20 August 2026 12:23:15	82	976.50	XLON	00415146328TRLO1
20 August 2026 12:23:15	77	976.00	XLON	00415146329TRLO1
20 August 2026 12:23:15	80	976.00	XLON	00415146330TRLO1
20 August 2026 12:23:16	82	976.00	XLON	00415146331TRLO1
20 August 2026 12:23:30	76	976.00	XLON	00415146334TRLO1
20 August 2026 12:24:11	39	976.50	XLON	00415146351TRLO1
20 August 2026 12:24:11	76	976.00	XLON	00415146352TRLO1
20 August 2026 12:24:17	81	976.00	XLON	00415146354TRLO1
20 August 2026 12:24:18	79	976.00	XLON	00415146355TRLO1
20 August 2026 12:25:15	76	976.00	XLON	00415146375TRLO1
20 August 2026 12:25:45	79	976.00	XLON	00415146380TRLO1
20 August 2026 12:27:12	157	976.50	XLON	00415146410TRLO1
20 August 2026 12:27:13	151	976.00	XLON	00415146412TRLO1
20 August 2026 12:27:19	153	976.00	XLON	00415146444TRLO1
20 August 2026 12:28:03	81	976.00	XLON	00415146453TRLO1
20 August 2026 12:28:13	77	977.50	XLON	00415146455TRLO1
20 August 2026 12:28:13	83	977.00	XLON	00415146456TRLO1
20 August 2026 12:28:14	76	977.00	XLON	00415146457TRLO1
20 August 2026 12:29:16	82	976.50	XLON	00415146484TRLO1
20 August 2026 12:29:16	77	977.00	XLON	00415146485TRLO1
20 August 2026 12:39:49	77	979.00	XLON	00415146704TRLO1
20 August 2026 12:45:07	76	978.50	XLON	00415146787TRLO1
20 August 2026 12:52:56	82	978.00	XLON	00415147032TRLO1
20 August 2026 13:00:21	79	977.00	XLON	00415147161TRLO1
20 August 2026 13:15:56	78	976.50	XLON	00415147544TRLO1
20 August 2026 13:18:38	59	976.50	XLON	00415147594TRLO1
20 August 2026 13:18:38	19	976.50	XLON	00415147595TRLO1
20 August 2026 13:21:25	78	976.50	XLON	00415147687TRLO1
20 August 2026 13:24:06	78	976.50	XLON	00415147792TRLO1
20 August 2026 13:26:36	78	976.50	XLON	00415147870TRLO1
20 August 2026 13:26:36	78	975.00	XLON	00415147872TRLO1
20 August 2026 13:28:10	38	974.50	XLON	00415147918TRLO1
20 August 2026 13:30:12	40	974.50	XLON	00415147954TRLO1
20 August 2026 13:30:12	38	974.50	XLON	00415147955TRLO1
20 August 2026 13:35:00	80	973.50	XLON	00415148078TRLO1
20 August 2026 13:47:48	77	974.00	XLON	00415148361TRLO1
20 August 2026 14:03:24	164	975.00	XLON	00415148581TRLO1
20 August 2026 14:07:23	80	974.50	XLON	00415148650TRLO1
20 August 2026 14:07:23	80	974.50	XLON	00415148651TRLO1
20 August 2026 14:07:23	161	974.00	XLON	00415148652TRLO1
20 August 2026 14:08:08	43	974.00	XLON	00415148690TRLO1
20 August 2026 14:08:15	59	974.50	XLON	00415148695TRLO1
20 August 2026 14:08:15	12	974.50	XLON	00415148696TRLO1
20 August 2026 14:08:52	82	974.00	XLON	00415148741TRLO1
20 August 2026 14:10:28	78	973.50	XLON	00415148805TRLO1
20 August 2026 14:23:17	79	973.00	XLON	00415149127TRLO1
20 August 2026 14:25:25	51	974.00	XLON	00415149169TRLO1
20 August 2026 14:25:25	79	974.00	XLON	00415149170TRLO1
20 August 2026 14:25:25	31	974.00	XLON	00415149171TRLO1
20 August 2026 14:25:27	223	974.00	XLON	00415149177TRLO1
20 August 2026 14:25:27	79	973.00	XLON	00415149178TRLO1
20 August 2026 14:25:27	10	973.50	XLON	00415149179TRLO1
20 August 2026 14:25:27	20	973.50	XLON	00415149180TRLO1
20 August 2026 14:25:27	49	973.50	XLON	00415149181TRLO1
20 August 2026 14:25:27	122	974.00	XLON	00415149182TRLO1
20 August 2026 14:31:54	83	974.00	XLON	00415149441TRLO1
20 August 2026 14:33:17	83	974.00	XLON	00415149588TRLO1
20 August 2026 14:34:00	165	974.50	XLON	00415149624TRLO1
20 August 2026 14:34:05	157	974.50	XLON	00415149628TRLO1
20 August 2026 14:35:22	81	976.00	XLON	00415149690TRLO1
20 August 2026 14:40:51	81	974.50	XLON	00415149891TRLO1
20 August 2026 14:40:51	15	975.00	XLON	00415149892TRLO1
20 August 2026 14:44:45	81	976.00	XLON	00415150087TRLO1
20 August 2026 14:44:45	35	976.50	XLON	00415150088TRLO1
20 August 2026 14:44:45	46	976.50	XLON	00415150089TRLO1
20 August 2026 14:44:45	78	976.50	XLON	00415150090TRLO1
20 August 2026 14:46:33	78	976.50	XLON	00415150171TRLO1
20 August 2026 14:51:12	68	977.00	XLON	00415150347TRLO1
20 August 2026 14:51:12	11	977.00	XLON	00415150348TRLO1
20 August 2026 14:52:59	68	977.00	XLON	00415150407TRLO1
20 August 2026 14:52:59	11	977.00	XLON	00415150408TRLO1
20 August 2026 14:53:52	79	975.50	XLON	00415150436TRLO1
20 August 2026 14:53:52	30	975.50	XLON	00415150437TRLO1
20 August 2026 14:53:52	21	975.50	XLON	00415150438TRLO1
20 August 2026 14:53:52	28	975.50	XLON	00415150439TRLO1
20 August 2026 14:57:35	79	974.50	XLON	00415150658TRLO1
20 August 2026 15:01:40	79	973.50	XLON	00415150946TRLO1
20 August 2026 15:21:48	79	973.00	XLON	00415151704TRLO1
20 August 2026 15:22:31	51	973.00	XLON	00415151770TRLO1
20 August 2026 15:25:13	5	972.50	XLON	00415151896TRLO1
20 August 2026 15:27:11	74	972.50	XLON	00415151969TRLO1
20 August 2026 15:27:13	65	971.50	XLON	00415151971TRLO1
20 August 2026 15:33:34	77	971.50	XLON	00415152188TRLO1
20 August 2026 15:34:15	141	974.00	XLON	00415152224TRLO1
20 August 2026 15:34:15	105	974.00	XLON	00415152225TRLO1
20 August 2026 15:34:15	47	974.00	XLON	00415152226TRLO1
20 August 2026 15:34:20	4	974.50	XLON	00415152229TRLO1
20 August 2026 15:37:17	45	975.50	XLON	00415152405TRLO1
20 August 2026 15:37:17	100	975.50	XLON	00415152406TRLO1
20 August 2026 15:37:17	93	975.50	XLON	00415152407TRLO1
20 August 2026 15:37:17	220	975.50	XLON	00415152408TRLO1
20 August 2026 15:37:17	45	975.50	XLON	00415152409TRLO1
20 August 2026 15:37:17	140	974.50	XLON	00415152410TRLO1
20 August 2026 15:37:42	14	974.50	XLON	00415152424TRLO1
20 August 2026 15:37:42	140	974.50	XLON	00415152425TRLO1
20 August 2026 15:37:42	354	974.50	XLON	00415152426TRLO1
20 August 2026 15:41:21	60	975.50	XLON	00415152528TRLO1
20 August 2026 15:41:21	100	975.50	XLON	00415152529TRLO1
20 August 2026 15:41:21	14	975.50	XLON	00415152530TRLO1
20 August 2026 15:41:30	130	975.00	XLON	00415152537TRLO1
20 August 2026 15:41:30	30	975.00	XLON	00415152538TRLO1
20 August 2026 15:43:45	80	975.50	XLON	00415152653TRLO1
20 August 2026 15:45:25	82	975.50	XLON	00415152738TRLO1
20 August 2026 15:46:12	77	975.50	XLON	00415152762TRLO1
20 August 2026 15:46:16	82	975.00	XLON	00415152764TRLO1
20 August 2026 15:46:57	77	975.00	XLON	00415152820TRLO1
20 August 2026 15:52:02	82	975.00	XLON	00415153045TRLO1
20 August 2026 15:52:02	76	975.00	XLON	00415153046TRLO1
20 August 2026 15:52:06	76	975.00	XLON	00415153051TRLO1
20 August 2026 15:52:14	75	974.00	XLON	00415153061TRLO1
20 August 2026 16:00:05	106	976.00	XLON	00415153605TRLO1
20 August 2026 16:01:15	77	976.00	XLON	00415153705TRLO1
20 August 2026 16:01:30	77	975.50	XLON	00415153773TRLO1
20 August 2026 16:01:33	76	975.50	XLON	00415153778TRLO1
20 August 2026 16:01:38	79	975.50	XLON	00415153781TRLO1
20 August 2026 16:02:14	78	975.00	XLON	00415153806TRLO1
20 August 2026 16:08:16	81	976.50	XLON	00415154110TRLO1
20 August 2026 16:08:16	70	976.50	XLON	00415154111TRLO1
20 August 2026 16:08:16	81	975.50	XLON	00415154112TRLO1
20 August 2026 16:12:57	60	976.50	XLON	00415154358TRLO1
20 August 2026 16:12:57	43	976.50	XLON	00415154359TRLO1
20 August 2026 16:12:57	99	976.50	XLON	00415154360TRLO1
20 August 2026 16:12:57	69	976.50	XLON	00415154361TRLO1
20 August 2026 16:12:57	81	975.50	XLON	00415154362TRLO1
20 August 2026 16:15:21	77	976.00	XLON	00415154458TRLO1
20 August 2026 16:16:22	78	976.00	XLON	00415154487TRLO1
20 August 2026 16:16:48	77	975.50	XLON	00415154520TRLO1
20 August 2026 16:16:54	77	975.00	XLON	00415154534TRLO1
20 August 2026 16:19:10	83	975.00	XLON	00415154655TRLO1

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