Transaction in Own Shares

Gamma Communications PLC

16 April 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

16 April 2026                                         

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:	15 April 2026
Number of ordinary shares purchased:	22,973
Lowest price per share (pence):	868.80
Highest price per share (pence):	885.40
Weighted average price per day (pence):	879.1275

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,275,650 ordinary shares since the commencement of the buyback programme and will have 92,488,701 ordinary shares  in issue. There are 1,587,800 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,900,901 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 90,900,901 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	879.1275	22,973	868.80	885.40

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
15 April 2026 08:05:08	264	870.80	XLON	00388014403TRLO1
15 April 2026 08:09:05	128	872.00	XLON	00388018394TRLO1
15 April 2026 08:15:00	273	870.20	XLON	00388024209TRLO1
15 April 2026 08:31:10	272	868.80	XLON	00388040702TRLO1
15 April 2026 08:38:19	26	870.60	XLON	00388048052TRLO1
15 April 2026 08:38:19	238	870.60	XLON	00388048053TRLO1
15 April 2026 08:41:07	265	869.20	XLON	00388050437TRLO1
15 April 2026 08:49:21	278	869.20	XLON	00388059683TRLO1
15 April 2026 08:54:44	141	868.80	XLON	00388065413TRLO1
15 April 2026 08:59:08	138	869.60	XLON	00388070129TRLO1
15 April 2026 09:01:19	133	870.80	XLON	00388072722TRLO1
15 April 2026 09:19:16	140	872.60	XLON	00388093040TRLO1
15 April 2026 09:20:14	136	872.00	XLON	00388094004TRLO1
15 April 2026 09:27:15	76	871.80	XLON	00388101341TRLO1
15 April 2026 09:27:15	9	871.80	XLON	00388101342TRLO1
15 April 2026 09:27:54	45	871.80	XLON	00388101998TRLO1
15 April 2026 09:27:54	3	871.80	XLON	00388101999TRLO1
15 April 2026 09:27:54	85	871.80	XLON	00388102000TRLO1
15 April 2026 09:36:55	9	871.60	XLON	00388110899TRLO1
15 April 2026 09:36:55	123	871.60	XLON	00388110900TRLO1
15 April 2026 09:38:27	138	871.60	XLON	00388111975TRLO1
15 April 2026 09:38:27	138	871.60	XLON	00388111976TRLO1
15 April 2026 09:38:27	23	871.60	XLON	00388111978TRLO1
15 April 2026 09:38:27	28	871.60	XLON	00388111979TRLO1
15 April 2026 09:38:27	139	870.40	XLON	00388111980TRLO1
15 April 2026 09:53:40	500	875.00	XLON	00388126375TRLO1
15 April 2026 09:53:40	318	875.00	XLON	00388126376TRLO1
15 April 2026 09:53:40	136	875.20	XLON	00388126377TRLO1
15 April 2026 09:53:59	141	876.40	XLON	00388126656TRLO1
15 April 2026 09:53:59	135	876.00	XLON	00388126657TRLO1
15 April 2026 09:54:09	135	875.40	XLON	00388126807TRLO1
15 April 2026 09:58:52	129	877.20	XLON	00388131051TRLO1
15 April 2026 09:59:57	160	878.00	XLON	00388131996TRLO1
15 April 2026 10:00:03	130	878.00	XLON	00388132076TRLO1
15 April 2026 10:01:20	135	877.80	XLON	00388133393TRLO1
15 April 2026 10:01:30	135	877.20	XLON	00388133570TRLO1
15 April 2026 10:01:50	139	877.00	XLON	00388133868TRLO1
15 April 2026 10:01:59	129	876.80	XLON	00388134019TRLO1
15 April 2026 10:01:59	140	876.60	XLON	00388134020TRLO1
15 April 2026 10:02:04	140	876.60	XLON	00388134083TRLO1
15 April 2026 10:02:05	132	876.40	XLON	00388134100TRLO1
15 April 2026 10:02:14	135	876.00	XLON	00388134226TRLO1
15 April 2026 10:04:50	138	875.00	XLON	00388136538TRLO1
15 April 2026 10:13:41	131	876.40	XLON	00388146546TRLO1
15 April 2026 10:13:46	139	876.60	XLON	00388146648TRLO1
15 April 2026 10:28:56	129	877.40	XLON	00388160087TRLO1
15 April 2026 10:37:19	139	879.00	XLON	00388169404TRLO1
15 April 2026 10:39:00	140	878.40	XLON	00388171033TRLO1
15 April 2026 10:39:04	18	879.40	XLON	00388171100TRLO1
15 April 2026 10:39:05	139	879.20	XLON	00388171104TRLO1
15 April 2026 10:57:29	139	878.80	XLON	00388189598TRLO1
15 April 2026 10:58:56	117	878.60	XLON	00388190867TRLO1
15 April 2026 10:58:56	23	878.60	XLON	00388190868TRLO1
15 April 2026 11:00:28	27	880.00	XLON	00388191598TRLO1
15 April 2026 11:00:28	113	880.00	XLON	00388191599TRLO1
15 April 2026 11:07:24	129	879.60	XLON	00388198047TRLO1
15 April 2026 11:07:24	133	879.80	XLON	00388198048TRLO1
15 April 2026 11:14:22	135	879.40	XLON	00388214659TRLO1
15 April 2026 11:14:22	136	879.40	XLON	00388214660TRLO1
15 April 2026 11:14:22	136	879.40	XLON	00388214661TRLO1
15 April 2026 11:14:22	136	879.40	XLON	00388214662TRLO1
15 April 2026 11:14:22	136	879.40	XLON	00388214663TRLO1
15 April 2026 11:14:24	136	879.40	XLON	00388214725TRLO1
15 April 2026 11:20:35	38	880.40	XLON	00388229368TRLO1
15 April 2026 11:20:35	103	880.40	XLON	00388229369TRLO1
15 April 2026 11:22:11	132	880.00	XLON	00388234052TRLO1
15 April 2026 11:28:50	137	879.20	XLON	00388238054TRLO1
15 April 2026 11:28:50	141	878.80	XLON	00388238055TRLO1
15 April 2026 11:29:11	132	879.20	XLON	00388238068TRLO1
15 April 2026 11:29:22	132	878.40	XLON	00388238076TRLO1
15 April 2026 11:30:59	136	878.40	XLON	00388238162TRLO1
15 April 2026 11:31:13	130	878.20	XLON	00388238173TRLO1
15 April 2026 11:34:25	129	878.40	XLON	00388238316TRLO1
15 April 2026 11:35:53	134	878.40	XLON	00388238821TRLO1
15 April 2026 11:36:16	138	878.00	XLON	00388238864TRLO1
15 April 2026 11:50:41	137	881.60	XLON	00388239693TRLO1
15 April 2026 11:54:41	141	881.40	XLON	00388239847TRLO1
15 April 2026 11:55:05	140	881.00	XLON	00388239859TRLO1
15 April 2026 12:04:34	132	879.80	XLON	00388240188TRLO1
15 April 2026 12:16:51	136	881.40	XLON	00388240494TRLO1
15 April 2026 12:19:41	13	880.60	XLON	00388240681TRLO1
15 April 2026 12:19:41	120	880.60	XLON	00388240682TRLO1
15 April 2026 12:38:26	130	882.80	XLON	00388241449TRLO1
15 April 2026 12:40:36	135	882.20	XLON	00388241503TRLO1
15 April 2026 12:52:51	131	885.40	XLON	00388241863TRLO1
15 April 2026 12:58:56	53	884.60	XLON	00388242044TRLO1
15 April 2026 12:58:56	50	884.60	XLON	00388242045TRLO1
15 April 2026 12:58:56	26	884.60	XLON	00388242046TRLO1
15 April 2026 12:59:36	54	884.40	XLON	00388242060TRLO1
15 April 2026 13:00:17	58	884.60	XLON	00388242072TRLO1
15 April 2026 13:00:17	71	884.60	XLON	00388242073TRLO1
15 April 2026 13:00:27	135	884.60	XLON	00388242075TRLO1
15 April 2026 13:05:34	139	884.60	XLON	00388242161TRLO1
15 April 2026 13:05:34	129	884.00	XLON	00388242162TRLO1
15 April 2026 13:09:55	137	883.40	XLON	00388242426TRLO1
15 April 2026 13:09:55	20	883.80	XLON	00388242427TRLO1
15 April 2026 13:09:55	39	883.80	XLON	00388242428TRLO1
15 April 2026 13:09:55	78	883.80	XLON	00388242429TRLO1
15 April 2026 13:12:36	138	882.60	XLON	00388242603TRLO1
15 April 2026 13:13:03	138	882.00	XLON	00388242622TRLO1
15 April 2026 13:16:00	141	882.00	XLON	00388242720TRLO1
15 April 2026 13:16:00	141	882.00	XLON	00388242721TRLO1
15 April 2026 13:16:00	280	882.00	XLON	00388242722TRLO1
15 April 2026 13:16:56	133	881.80	XLON	00388242761TRLO1
15 April 2026 13:16:57	131	881.40	XLON	00388242762TRLO1
15 April 2026 13:21:22	129	879.80	XLON	00388242876TRLO1
15 April 2026 13:27:52	139	879.60	XLON	00388243126TRLO1
15 April 2026 13:41:22	132	879.60	XLON	00388243607TRLO1
15 April 2026 13:41:26	140	880.00	XLON	00388243608TRLO1
15 April 2026 13:42:59	141	881.00	XLON	00388243659TRLO1
15 April 2026 13:48:42	131	880.20	XLON	00388243832TRLO1
15 April 2026 13:49:30	132	881.40	XLON	00388243854TRLO1
15 April 2026 13:59:05	141	881.40	XLON	00388244109TRLO1
15 April 2026 14:01:01	130	880.60	XLON	00388244205TRLO1
15 April 2026 14:01:32	93	880.40	XLON	00388244236TRLO1
15 April 2026 14:04:23	140	880.40	XLON	00388244353TRLO1
15 April 2026 14:07:58	277	880.00	XLON	00388244473TRLO1
15 April 2026 14:10:08	135	881.20	XLON	00388244535TRLO1
15 April 2026 14:11:05	130	881.00	XLON	00388244577TRLO1
15 April 2026 14:25:30	129	882.00	XLON	00388245253TRLO1
15 April 2026 14:28:40	141	882.00	XLON	00388245352TRLO1
15 April 2026 14:28:56	113	882.00	XLON	00388245360TRLO1
15 April 2026 14:28:56	17	882.00	XLON	00388245361TRLO1
15 April 2026 14:30:03	131	882.60	XLON	00388245467TRLO1
15 April 2026 14:31:07	133	882.00	XLON	00388245705TRLO1
15 April 2026 14:34:40	140	880.40	XLON	00388246145TRLO1
15 April 2026 14:34:40	139	880.40	XLON	00388246146TRLO1
15 April 2026 14:38:36	261	882.40	XLON	00388246453TRLO1
15 April 2026 14:38:56	269	881.80	XLON	00388246507TRLO1
15 April 2026 14:39:42	258	880.60	XLON	00388246676TRLO1
15 April 2026 14:41:23	132	882.00	XLON	00388246802TRLO1
15 April 2026 14:42:01	138	881.80	XLON	00388246840TRLO1
15 April 2026 14:42:48	6	881.40	XLON	00388246907TRLO1
15 April 2026 14:42:48	127	881.40	XLON	00388246908TRLO1
15 April 2026 14:44:17	132	881.00	XLON	00388247046TRLO1
15 April 2026 14:44:17	133	881.00	XLON	00388247047TRLO1
15 April 2026 14:44:29	137	880.80	XLON	00388247061TRLO1
15 April 2026 14:49:46	131	880.40	XLON	00388247429TRLO1
15 April 2026 14:56:39	187	881.00	XLON	00388248126TRLO1
15 April 2026 14:56:39	114	881.00	XLON	00388248127TRLO1
15 April 2026 14:56:39	41	881.00	XLON	00388248128TRLO1
15 April 2026 14:58:43	257	882.00	XLON	00388248258TRLO1
15 April 2026 15:00:23	257	883.40	XLON	00388248412TRLO1
15 April 2026 15:02:12	129	883.40	XLON	00388248520TRLO1
15 April 2026 15:02:13	111	883.40	XLON	00388248521TRLO1
15 April 2026 15:05:52	118	883.40	XLON	00388248668TRLO1
15 April 2026 15:05:52	130	883.20	XLON	00388248669TRLO1
15 April 2026 15:09:41	107	882.60	XLON	00388248840TRLO1
15 April 2026 15:12:06	137	882.40	XLON	00388248954TRLO1
15 April 2026 15:16:59	132	883.60	XLON	00388249254TRLO1
15 April 2026 15:21:01	136	882.80	XLON	00388249681TRLO1
15 April 2026 15:25:26	132	883.00	XLON	00388249940TRLO1
15 April 2026 15:25:29	139	883.00	XLON	00388249951TRLO1
15 April 2026 15:26:59	137	882.80	XLON	00388250049TRLO1
15 April 2026 15:28:57	262	883.00	XLON	00388250261TRLO1
15 April 2026 15:31:15	130	883.00	XLON	00388250450TRLO1
15 April 2026 15:31:15	137	883.00	XLON	00388250451TRLO1
15 April 2026 15:34:34	130	882.20	XLON	00388250713TRLO1
15 April 2026 15:38:46	138	881.20	XLON	00388251031TRLO1
15 April 2026 15:41:14	48	882.00	XLON	00388251234TRLO1
15 April 2026 15:41:14	91	882.00	XLON	00388251235TRLO1
15 April 2026 15:44:08	132	882.20	XLON	00388251468TRLO1
15 April 2026 15:50:17	129	881.80	XLON	00388251895TRLO1
15 April 2026 15:54:34	82	883.00	XLON	00388252256TRLO1
15 April 2026 15:54:34	59	883.00	XLON	00388252257TRLO1
15 April 2026 15:57:44	136	883.40	XLON	00388252527TRLO1
15 April 2026 15:58:21	132	883.60	XLON	00388252641TRLO1
15 April 2026 16:00:42	135	883.40	XLON	00388252934TRLO1
15 April 2026 16:00:59	134	883.40	XLON	00388252960TRLO1
15 April 2026 16:04:37	134	883.00	XLON	00388253324TRLO1
15 April 2026 16:07:45	135	882.60	XLON	00388253546TRLO1
15 April 2026 16:15:12	260	882.60	XLON	00388254124TRLO1
15 April 2026 16:19:23	274	883.00	XLON	00388254352TRLO1

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 / Benjamin Cryer / Kate Bannatyne	[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