Last checked at 9 Jun 2023 12:35
9 June 2023
Gamma Communications plc
("Gamma" or the "Company")
Exercise of Options
The Company confirms that, following the receipt of notices of exercise of options from employees and former employees, it has approved the issue of 109,751 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,975,843. For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DGTRs"), the Company's issued ordinary share capital following this allotment consists of 96,975,843 Ordinary Shares with voting rights attached. The Company does not hold any Ordinary Shares in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DGTRs.
Pursuant to the exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders who are PDMRs exercised options and sold Ordinary Shares on 8 June 2023 at £11.80 per share as set out below:
PDMR | Number of options exercised | Total option cost | Ordinary Shares sold |
David Macfarlane | 10,997 | £27.49 | 5,196 |
Daryl Pile | 10,997 | £27.49 | 10,997 |
John Murphy | 7,500 | £18.75 | 7,500 |
Enquiries:
| |
Gamma Communications plc Andrew Belshaw, Chief Executive Officer Bill Castell, Chief Financial Officer Rachael Matzopoulos, Company Secretary
| Tel: +44 (0)333 006 5972 |
Investec Bank plc (NOMAD & Broker) Patrick Robb / Virginia Bull
| Tel: +44 (0)207 597 5970 |
Teneo (PR Adviser) James Macey White / Rebecca Hamer
| Tel: +44 (0)207 353 4200 |
Appendix
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | David Macfarlane | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Managing Director - UK Direct | |||||||||
b)
| Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | Gamma Communications plc | |||||||||
b) | LEI | 213800LAQZXPRIZUEH50 | |||||||||
4
| 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, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 | |||||||||
b) | Nature of the transaction | Sale of Ordinary Shares following exercise of LTIP options | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
e) | Date of the transaction | 8 June 2023 | |||||||||
f) | Place of the transaction | AIMX | |||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||
a) | Name | Daryl Pile | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Managing Director - Channel | |||||||||
b)
| Initial notification /Amendment | Initial notification | |||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | Gamma Communications plc | |||||||||
b) | LEI | 213800LAQZXPRIZUEH50 | |||||||||
4
| 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, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 | |||||||||
b) | Nature of the transaction | Sale of Ordinary Shares following exercise of LTIP options | |||||||||
c) | Price(s) and volume(s) |
| |||||||||
d) | Aggregated information - Aggregated volume - Price | As above | |||||||||
e) | Date of the transaction | 8 June 2023 | |||||||||
f) | Place of the transaction | AIMX | |||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||
a) | Name | John Murphy | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | Chief Operating Officer | ||||||||||||
b)
| Initial notification /Amendment | Initial notification | ||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||
a) | Name | Gamma Communications plc | ||||||||||||
b) | LEI | 213800LAQZXPRIZUEH50 | ||||||||||||
4
| 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, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 | ||||||||||||
b) | Nature of the transaction | Sale of Ordinary Shares following exercise of LTIP options | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | As above | ||||||||||||
e) | Date of the transaction | 8 June 2023 | ||||||||||||
f) | Place of the transaction | AIMX | ||||||||||||