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Gamma Communications (GAMA)

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Wednesday 15 May, 2019

Gamma Communications

Exercise of Options

RNS Number : 1402Z
Gamma Communications PLC
15 May 2019
 

15 May 2019

Gamma Communications plc

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees and a Director, it has approved the issue of 206,116 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 94,238,404. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 94,238,404 Ordinary Shares with voting rights attached. There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Gamma Communications plc under the DTRs.

Pursuant to the above exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders sold Ordinary Shares on 13 May 2019 at 1065p in the quantities shown below:

Directors

·    Andrew Belshaw (CFO) exercised options over 44,002 Ordinary shares in the Company for nil consideration and sold 94,002 Ordinary Shares representing 0.1 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 179,505 Ordinary shares, representing 0.2 per cent of the issued share capital of the Company.

Other persons discharging management responsibility

·    Andrew Morris exercised options over 38,171 Ordinary Shares in the Company for nil consideration and sold 38,171 Ordinary Shares

·    Malcolm Goddard exercised options over 34,035 Ordinary Shares in the Company for nil consideration and sold 16,084 Ordinary Shares

·    David Macfarlane exercised options over 35,956 Ordinary Shares in the Company for nil consideration and sold 35,956 Ordinary Shares

·   Daryl Pile exercised options over 19,801 Ordinary Shares in the Company for nil consideration and sold 19,801 Ordinary Shares

 

Gamma Communications plc

Andrew Taylor, Chief Executive Officer

Andrew Belshaw, Chief Financial Officer

Malcolm Goddard, Company Secretary

Tel: +44 (0)333 006 5972

 

Investec Bank plc (NOMAD & Broker)

Patrick Robb / Andrew Pinder / Sebastian Lawrence

 

Tel: +44 (0)20 7597 5970

 

 

 

Appendix

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Andrew Belshaw

b)

Position / status

 CFO

c)

Initial Notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Gamma Communications plc Ordinary Shares of 0.25p each

b)

Nature of the transaction

Sale Of Ordinary Shares of 0.25p each

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

1065p

94,002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

13-05-2019

f)

Place of the transaction

London Stock Exchange - (XLON)

 

 

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Andrew Morris

b)

Position / status

 Chief Strategy & Operating Officer

c)

Initial Notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Gamma Communications plc Ordinary Shares of 0.25p each

b)

Nature of the transaction

Sale Of Ordinary Shares of 0.25p each

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

1065p

38,171

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

13-05-2019

f)

Place of the transaction

London Stock Exchange - (XLON)

 

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Malcolm Goddard

b)

Position / status

 Company Secretary and Commercial Director

c)

Initial Notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Gamma Communications plc Ordinary Shares of 0.25p each

b)

Nature of the transaction

Sale Of Ordinary Shares of 0.25p each

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

1065p

16,084

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

13-05-2019

f)

Place of the transaction

London Stock Exchange - (XLON)

 

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

David Macfarlane

b)

Position / status

 Managing Director: Solutions

c)

Initial Notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Gamma Communications plc Ordinary Shares of 0.25p each

b)

Nature of the transaction

Sale of Ordinary Shares of 0.25p each

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

1065p

35,956

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

13-05-2019

f)

Place of the transaction

London Stock Exchange - (XLON)

 

 

 

 

1.

Details of PDMR / person closely associated with them ('PCA')

a)

Name

Daryl Pile

b)

Position / status

 Managing Director - Channel

c)

Initial Notification

2.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument

Gamma Communications plc Ordinary Shares of 0.25p each

b)

Nature of the transaction

Sale of Ordinary Shares of 0.25p each

 

c)

Price(s) and volume(s)

 

 

 

 

Price(s)

Volume(s)

1065p

19,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

d)

Aggregated information

Aggregated volume Price

 

e)

Date of the transaction

13-05-2019

f)

Place of the transaction

London Stock Exchange - (XLON)

 

 

 


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