Transaction in Own Shares

Gamma Communications PLC

17 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

17 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:	16 April 2026
Number of ordinary shares purchased:	22,531
Lowest price per share (pence):	881.20
Highest price per share (pence):	895.00
Weighted average price per day (pence):	889.0450

 The Company intends to cancel the purchased ordinary shares.

Following settlement of the above purchases, Gamma has purchased a total of 1,298,181 ordinary shares since the commencement of the buyback programme and will have 92,466,170 ordinary shares in issue. There are 1,587,800 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,878,370 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 90,878,370 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	889.0450	22,531	881.20	895.00

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
16 April 2026 08:01:02	131	884.40	XLON	00388369933TRLO1
16 April 2026 08:01:56	134	882.20	XLON	00388370461TRLO1
16 April 2026 08:11:07	131	884.20	XLON	00388376074TRLO1
16 April 2026 08:11:07	145	884.20	XLON	00388376073TRLO1
16 April 2026 08:11:08	279	882.40	XLON	00388376081TRLO1
16 April 2026 08:11:38	137	881.40	XLON	00388376329TRLO1
16 April 2026 08:15:00	131	881.20	XLON	00388378143TRLO1
16 April 2026 08:17:16	51	882.40	XLON	00388379509TRLO1
16 April 2026 08:22:28	272	882.80	XLON	00388383106TRLO1
16 April 2026 08:27:05	260	882.80	XLON	00388386231TRLO1
16 April 2026 08:40:51	281	885.20	XLON	00388395829TRLO1
16 April 2026 08:40:52	140	886.00	XLON	00388395837TRLO1
16 April 2026 08:40:52	130	885.60	XLON	00388395845TRLO1
16 April 2026 08:40:56	133	886.40	XLON	00388395874TRLO1
16 April 2026 08:46:30	413	886.20	XLON	00388399073TRLO1
16 April 2026 08:54:40	140	885.40	XLON	00388404353TRLO1
16 April 2026 09:13:48	137	887.40	XLON	00388417200TRLO1
16 April 2026 09:14:17	137	886.40	XLON	00388417446TRLO1
16 April 2026 09:16:46	138	885.40	XLON	00388418926TRLO1
16 April 2026 09:24:58	135	885.40	XLON	00388424294TRLO1
16 April 2026 09:31:21	132	885.40	XLON	00388428327TRLO1
16 April 2026 09:37:38	133	884.60	XLON	00388431230TRLO1
16 April 2026 09:41:30	132	883.20	XLON	00388433914TRLO1
16 April 2026 09:42:39	139	882.80	XLON	00388434993TRLO1
16 April 2026 09:58:01	134	888.20	XLON	00388448685TRLO1
16 April 2026 09:58:01	134	888.40	XLON	00388448684TRLO1
16 April 2026 09:59:53	129	889.60	XLON	00388450519TRLO1
16 April 2026 09:59:53	29	889.80	XLON	00388450521TRLO1
16 April 2026 09:59:53	100	889.80	XLON	00388450520TRLO1
16 April 2026 10:04:42	130	888.40	XLON	00388454296TRLO1
16 April 2026 10:05:47	129	888.40	XLON	00388455001TRLO1
16 April 2026 10:05:48	138	887.60	XLON	00388455004TRLO1
16 April 2026 10:06:06	134	886.60	XLON	00388455267TRLO1
16 April 2026 10:14:17	138	886.60	XLON	00388462912TRLO1
16 April 2026 10:14:22	123	886.60	XLON	00388462978TRLO1
16 April 2026 10:14:22	14	886.60	XLON	00388462977TRLO1
16 April 2026 10:15:37	130	887.40	XLON	00388463954TRLO1
16 April 2026 10:15:44	140	887.20	XLON	00388464056TRLO1
16 April 2026 10:16:44	140	886.80	XLON	00388464876TRLO1
16 April 2026 10:34:01	129	887.20	XLON	00388478298TRLO1
16 April 2026 10:52:14	140	889.40	XLON	00388494769TRLO1
16 April 2026 10:53:50	140	888.20	XLON	00388496225TRLO1
16 April 2026 10:53:50	130	887.80	XLON	00388496226TRLO1
16 April 2026 11:05:26	135	889.00	XLON	00388501412TRLO1
16 April 2026 11:09:45	140	888.60	XLON	00388501638TRLO1
16 April 2026 11:09:48	130	888.00	XLON	00388501641TRLO1
16 April 2026 11:11:07	130	887.60	XLON	00388501709TRLO1
16 April 2026 11:11:23	139	887.00	XLON	00388501715TRLO1
16 April 2026 11:11:37	140	886.80	XLON	00388501724TRLO1
16 April 2026 11:11:38	138	886.00	XLON	00388501728TRLO1
16 April 2026 11:11:38	134	884.40	XLON	00388501729TRLO1
16 April 2026 11:11:38	135	883.40	XLON	00388501730TRLO1
16 April 2026 11:11:38	135	883.80	XLON	00388501731TRLO1
16 April 2026 11:29:15	113	886.20	XLON	00388502476TRLO1
16 April 2026 11:29:15	22	886.40	XLON	00388502475TRLO1
16 April 2026 11:29:15	113	886.40	XLON	00388502474TRLO1
16 April 2026 11:39:27	141	887.00	XLON	00388503479TRLO1
16 April 2026 11:40:15	131	887.00	XLON	00388503523TRLO1
16 April 2026 11:41:02	140	887.00	XLON	00388503568TRLO1
16 April 2026 11:47:32	133	889.80	XLON	00388504049TRLO1
16 April 2026 11:47:32	133	890.00	XLON	00388504048TRLO1
16 April 2026 11:51:03	140	890.40	XLON	00388504243TRLO1
16 April 2026 11:59:19	129	889.60	XLON	00388504674TRLO1
16 April 2026 12:02:25	135	889.80	XLON	00388504813TRLO1
16 April 2026 12:06:44	132	890.60	XLON	00388505071TRLO1
16 April 2026 12:09:39	134	890.00	XLON	00388505188TRLO1
16 April 2026 12:09:42	130	889.80	XLON	00388505189TRLO1
16 April 2026 12:09:43	130	889.40	XLON	00388505190TRLO1
16 April 2026 12:10:01	135	889.40	XLON	00388505205TRLO1
16 April 2026 12:10:02	132	889.40	XLON	00388505206TRLO1
16 April 2026 12:12:05	131	890.80	XLON	00388505294TRLO1
16 April 2026 12:22:21	131	889.80	XLON	00388505852TRLO1
16 April 2026 12:22:34	131	889.40	XLON	00388505873TRLO1
16 April 2026 12:28:56	140	889.40	XLON	00388506135TRLO1
16 April 2026 12:30:20	129	889.80	XLON	00388506200TRLO1
16 April 2026 12:35:58	131	891.40	XLON	00388506433TRLO1
16 April 2026 12:44:14	131	892.80	XLON	00388506709TRLO1
16 April 2026 12:46:21	135	891.20	XLON	00388506791TRLO1
16 April 2026 12:48:50	34	890.60	XLON	00388506863TRLO1
16 April 2026 12:50:20	136	890.60	XLON	00388506913TRLO1
16 April 2026 12:55:56	134	895.00	XLON	00388507139TRLO1
16 April 2026 12:56:40	138	894.60	XLON	00388507176TRLO1
16 April 2026 12:56:40	130	894.20	XLON	00388507177TRLO1
16 April 2026 13:15:34	141	892.60	XLON	00388508034TRLO1
16 April 2026 13:19:32	137	892.40	XLON	00388508154TRLO1
16 April 2026 13:23:49	140	892.80	XLON	00388508309TRLO1
16 April 2026 13:23:50	49	892.20	XLON	00388508310TRLO1
16 April 2026 13:30:22	130	891.80	XLON	00388508487TRLO1
16 April 2026 13:39:22	130	889.00	XLON	00388508881TRLO1
16 April 2026 13:50:23	130	890.00	XLON	00388509476TRLO1
16 April 2026 13:54:28	130	889.00	XLON	00388509707TRLO1
16 April 2026 14:03:33	135	888.60	XLON	00388510205TRLO1
16 April 2026 14:03:33	136	888.60	XLON	00388510204TRLO1
16 April 2026 14:04:53	130	890.00	XLON	00388510263TRLO1
16 April 2026 14:04:53	140	890.00	XLON	00388510265TRLO1
16 April 2026 14:08:56	262	889.20	XLON	00388510407TRLO1
16 April 2026 14:11:04	139	889.20	XLON	00388510637TRLO1
16 April 2026 14:26:41	138	890.40	XLON	00388511439TRLO1
16 April 2026 14:27:16	137	890.20	XLON	00388511493TRLO1
16 April 2026 14:30:28	266	890.40	XLON	00388511813TRLO1
16 April 2026 14:30:28	77	890.40	XLON	00388511816TRLO1
16 April 2026 14:30:28	10	890.40	XLON	00388511815TRLO1
16 April 2026 14:30:28	171	890.40	XLON	00388511814TRLO1
16 April 2026 14:30:28	20	890.00	XLON	00388511817TRLO1
16 April 2026 14:30:28	5	890.20	XLON	00388511819TRLO1
16 April 2026 14:30:28	92	890.20	XLON	00388511818TRLO1
16 April 2026 14:32:20	138	891.20	XLON	00388512100TRLO1
16 April 2026 14:35:17	24	891.20	XLON	00388512547TRLO1
16 April 2026 14:36:45	129	890.00	XLON	00388512661TRLO1
16 April 2026 14:36:49	130	890.00	XLON	00388512669TRLO1
16 April 2026 14:40:36	76	890.00	XLON	00388513028TRLO1
16 April 2026 14:40:36	66	890.00	XLON	00388513027TRLO1
16 April 2026 14:44:49	136	889.80	XLON	00388513304TRLO1
16 April 2026 14:47:10	137	889.60	XLON	00388513526TRLO1
16 April 2026 14:47:13	134	889.40	XLON	00388513534TRLO1
16 April 2026 14:48:04	131	890.00	XLON	00388513580TRLO1
16 April 2026 14:49:03	136	890.00	XLON	00388513656TRLO1
16 April 2026 14:51:44	139	889.80	XLON	00388514037TRLO1
16 April 2026 14:51:44	117	889.80	XLON	00388514036TRLO1
16 April 2026 14:51:44	22	889.80	XLON	00388514035TRLO1
16 April 2026 14:52:20	260	889.60	XLON	00388514115TRLO1
16 April 2026 14:53:12	172	890.00	XLON	00388514180TRLO1
16 April 2026 14:53:14	271	889.20	XLON	00388514182TRLO1
16 April 2026 14:53:14	275	888.80	XLON	00388514185TRLO1
16 April 2026 14:53:27	139	889.00	XLON	00388514203TRLO1
16 April 2026 14:53:27	138	889.00	XLON	00388514202TRLO1
16 April 2026 14:53:27	139	889.00	XLON	00388514201TRLO1
16 April 2026 14:53:28	141	889.00	XLON	00388514215TRLO1
16 April 2026 14:54:23	134	889.00	XLON	00388514305TRLO1
16 April 2026 14:54:26	139	889.00	XLON	00388514309TRLO1
16 April 2026 14:54:26	135	889.00	XLON	00388514317TRLO1
16 April 2026 14:55:18	137	889.00	XLON	00388514444TRLO1
16 April 2026 14:55:35	93	889.00	XLON	00388514480TRLO1
16 April 2026 14:55:35	47	889.00	XLON	00388514479TRLO1
16 April 2026 14:58:25	101	889.20	XLON	00388514828TRLO1
16 April 2026 14:58:25	31	889.20	XLON	00388514827TRLO1
16 April 2026 15:01:04	130	889.00	XLON	00388515132TRLO1
16 April 2026 15:05:05	132	889.00	XLON	00388515432TRLO1
16 April 2026 15:05:08	129	889.00	XLON	00388515438TRLO1
16 April 2026 15:05:15	133	889.00	XLON	00388515468TRLO1
16 April 2026 15:05:54	130	889.00	XLON	00388515540TRLO1
16 April 2026 15:07:13	141	889.00	XLON	00388515617TRLO1
16 April 2026 15:13:08	136	891.60	XLON	00388516055TRLO1
16 April 2026 15:13:08	136	891.80	XLON	00388516054TRLO1
16 April 2026 15:15:38	138	891.00	XLON	00388516228TRLO1
16 April 2026 15:17:32	130	890.80	XLON	00388516373TRLO1
16 April 2026 15:19:08	138	892.60	XLON	00388516469TRLO1
16 April 2026 15:19:39	135	892.00	XLON	00388516490TRLO1
16 April 2026 15:20:48	135	891.80	XLON	00388516621TRLO1
16 April 2026 15:22:14	132	891.60	XLON	00388516781TRLO1
16 April 2026 15:27:29	139	893.60	XLON	00388517213TRLO1
16 April 2026 15:29:04	132	893.80	XLON	00388517414TRLO1
16 April 2026 15:29:04	132	894.00	XLON	00388517415TRLO1
16 April 2026 16:05:26	133	895.00	XLON	00388520116TRLO1
16 April 2026 16:07:07	138	894.40	XLON	00388520290TRLO1
16 April 2026 16:08:33	130	894.40	XLON	00388520413TRLO1
16 April 2026 16:09:50	141	894.40	XLON	00388520562TRLO1
16 April 2026 16:10:16	132	894.00	XLON	00388520631TRLO1
16 April 2026 16:10:51	132	894.00	XLON	00388520674TRLO1
16 April 2026 16:11:48	137	894.00	XLON	00388520744TRLO1
16 April 2026 16:11:48	139	893.60	XLON	00388520745TRLO1
16 April 2026 16:11:49	139	893.40	XLON	00388520748TRLO1
16 April 2026 16:12:08	139	893.20	XLON	00388520774TRLO1
16 April 2026 16:13:52	129	895.00	XLON	00388520979TRLO1
16 April 2026 16:16:40	140	895.00	XLON	00388521195TRLO1
16 April 2026 16:16:42	131	894.40	XLON	00388521197TRLO1
16 April 2026 16:18:24	138	894.00	XLON	00388521299TRLO1
16 April 2026 16:19:01	49	894.60	XLON	00388521329TRLO1
16 April 2026 16:19:01	81	894.60	XLON	00388521330TRLO1
16 April 2026 16:19:08	131	895.00	XLON	00388521364TRLO1

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