Form 8.5 EPT/Non RI GAMMA COMMUNICATIONS PLC

Barclays PLC

25 June 2026

 

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				GAMMA COMMUNICATIONS PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				GAMMA COMMUNICATIONS PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				24 Jun 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				NO
	trader making disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				0.25p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			674,875	0.75%	1,304,262	1.45%
(2)	Cash-settled derivatives:
	and/or controlled:			1,271,495	1.41%	670,538	0.75%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			1,946,370	2.16%	1,974,800	2.19%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
0.25p ordinary		Purchase		233,702		8.9190  GBP	7.8100  GBP
0.25p ordinary		Sale		773,591		8.7850  GBP	7.8550  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
0.25p ordinary		SWAP		Increasing Long		485	8.3250  GBP
0.25p ordinary		SWAP		Increasing Short		3,313	8.3254  GBP
0.25p ordinary		SWAP		Increasing Long		3,095	8.2930  GBP
0.25p ordinary		SWAP		Increasing Long		16,501	8.1027  GBP
0.25p ordinary		SWAP		Increasing Long		20,725	8.0964  GBP
0.25p ordinary		SWAP		Increasing Long		1,144	8.2235  GBP
0.25p ordinary		SWAP		Decreasing Long		928	8.2648  GBP
0.25p ordinary		SWAP		Decreasing Short		2,805	8.8000  GBP
0.25p ordinary		SWAP		Opening Short		281	8.3250  GBP
0.25p ordinary		SWAP		Increasing Long		28,868	8.3250  GBP
0.25p ordinary		SWAP		Decreasing Long		857	8.3149  GBP
0.25p ordinary		SWAP		Increasing Long		416	8.2950  GBP
0.25p ordinary		SWAP		Decreasing Long		724	8.9405  GBP
0.25p ordinary		SWAP		Decreasing Long		24	8.1700  GBP
0.25p ordinary		SWAP		Increasing Long		29	8.2400  GBP
0.25p ordinary		SWAP		Decreasing Short		801	8.0442  GBP
0.25p ordinary		SWAP		Opening Long		6,893	8.3245  GBP
0.25p ordinary		SWAP		Decreasing Long		6,023	8.3254  GBP
0.25p ordinary		SWAP		Increasing Long		21	8.3250  GBP
0.25p ordinary		SWAP		Increasing Short		4,043	8.8328  GBP
0.25p ordinary		SWAP		Decreasing Short		1,303	8.2128  GBP
0.25p ordinary		SWAP		Opening Short		8	8.3250  GBP
0.25p ordinary		SWAP		Decreasing Long		493	8.4099  GBP
0.25p ordinary		SWAP		Increasing Long		114	8.1811  GBP
0.25p ordinary		CFD		Increasing Long		1,860	8.2723  GBP
0.25p ordinary		CFD		Decreasing Long		985	8.7476  GBP
0.25p ordinary		SWAP		Opening Short		485	8.3697  GBP
0.25p ordinary		SWAP		Increasing Short		6,000	7.9557  GBP
0.25p ordinary		SWAP		Decreasing Long		3,038	8.3251  GBP
0.25p ordinary		SWAP		Decreasing Short		476	8.3245  GBP
0.25p ordinary		SWAP		Closing Long		1,465	8.2750  GBP
0.25p ordinary		SWAP		Decreasing Long		1,958	8.2750  GBP
0.25p ordinary		SWAP		Increasing Long		2,000	8.2392  GBP
0.25p ordinary		SWAP		Decreasing Long		471	8.3219  GBP
0.25p ordinary		SWAP		Decreasing Short		2,318	8.3245  GBP
0.25p ordinary		SWAP		Increasing Long		9,793	8.3321  GBP
0.25p ordinary		SWAP		Increasing Short		7,819	8.3250  GBP
0.25p ordinary		SWAP		Increasing Long		5,512	8.2935  GBP
0.25p ordinary		SWAP		Decreasing Long		2,951	8.9155  GBP
0.25p ordinary		SWAP		Decreasing Long		21	8.2439  GBP
0.25p ordinary		SWAP		Increasing Long		10	8.2048  GBP
0.25p ordinary		SWAP		Decreasing Short		50,000	7.9944  GBP
0.25p ordinary		SWAP		Increasing Long		7,300	8.2314  GBP
0.25p ordinary		SWAP		Increasing Long		11	8.2789  GBP
0.25p ordinary		SWAP		Increasing Short		1,348	8.9197  GBP
0.25p ordinary		SWAP		Decreasing Short		515	8.0711  GBP
0.25p ordinary		SWAP		Decreasing Short		4	8.7850  GBP
0.25p ordinary		SWAP		Increasing Long		307	8.1811  GBP
0.25p ordinary		SWAP		Decreasing Long		183	8.4099  GBP
0.25p ordinary		CFD		Increasing Long		5,685	8.0983  GBP
0.25p ordinary		SWAP		Decreasing Short		2,000	8.3141  GBP
0.25p ordinary		SWAP		Increasing Short		476	8.3250  GBP
0.25p ordinary		SWAP		Increasing Long		4,717	8.2414  GBP
0.25p ordinary		SWAP		Increasing Long		39,933	8.9190  GBP
0.25p ordinary		SWAP		Decreasing Short		12,085	8.0290  GBP
0.25p ordinary		SWAP		Decreasing Long		16,601	8.1695  GBP
0.25p ordinary		SWAP		Increasing Short		2,695	8.8017  GBP
0.25p ordinary		SWAP		Decreasing Short		70,548	8.1642  GBP
0.25p ordinary		SWAP		Increasing Long		485	8.5403  GBP
0.25p ordinary		SWAP		Increasing Long		112	8.0495  GBP
0.25p ordinary		SWAP		Decreasing Short		286	8.0350  GBP
0.25p ordinary		SWAP		Decreasing Long		298	8.3250  GBP
0.25p ordinary		SWAP		Increasing Long		1,803	8.3250  GBP
0.25p ordinary		SWAP		Increasing Short		819	8.3250  GBP
0.25p ordinary		SWAP		Increasing Long		256	8.7450  GBP
0.25p ordinary		SWAP		Decreasing Short		2,702	8.3250  GBP
0.25p ordinary		SWAP		Decreasing Long		151	8.2950  GBP
0.25p ordinary		SWAP		Increasing Short		572	8.5674  GBP
0.25p ordinary		SWAP		Increasing Long		1,588	8.3250  GBP
0.25p ordinary		SWAP		Decreasing Short		643	8.1532  GBP
0.25p ordinary		SWAP		Decreasing Short		273,938	8.0817  GBP
0.25p ordinary		SWAP		Decreasing Short		45,660	7.8963  GBP
0.25p ordinary		SWAP		Decreasing Short		2,696	8.0764  GBP
0.25p ordinary		SWAP		Increasing Short		877	8.7339  GBP
(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates
(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit
(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)
4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i)   the voting rights of any relevant securities under any option; or
(ii)   the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				25 Jun 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END