Last checked at 11 Jun 2018 18:31
11 June 2018
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 336,728 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 93,852,455. 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 93,852,455 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 8 June 2018 at 750p in the quantities shown below:
Directors
· Andrew Belshaw (CFO) exercised options over 48,675 Ordinary shares in the Company for nil consideration and sold 98,675 Ordinary Shares representing 0.1 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 228,853 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 54,291 Ordinary Shares in the Company for nil consideration and sold 54,291 Ordinary Shares
· Malcolm Goddard exercised options over 48,408 Ordinary Shares in the Company for nil consideration and sold 22,866 Ordinary Shares
· David Macfarlane exercised options over 51,140 Ordinary Shares in the Company for nil consideration
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 / amendment | 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) |
| ||||||||
d) | Aggregated information Aggregated volume Price | |||||||||
e) | Date of the transaction | 8-6-2018 | ||||||||
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 / amendment | 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 | Exercise of options over Ordinary Shares of 0.25p each |
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information Aggregated volume Price | |||||||||
e) | Date of the transaction | 11-6-2018 | ||||||||
f) | Place of the transaction | not using an exchange |
1. | Details of PDMR / person closely associated with them ('PCA') | |
a) | Name | Andrew Morris |
b) | Position / status | Managing Director, Service and Operations |
c) | Initial notification / amendment | 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) |
| ||||||||
d) | Aggregated information Aggregated volume Price | |||||||||
e) | Date of the transaction | 8-6-2018 | ||||||||
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 / amendment | 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) |
| ||||||||
d) | Aggregated information Aggregated volume Price | |||||||||
e) | Date of the transaction | 8-6-2018 | ||||||||
f) | Place of the transaction | London Stock Exchange - (XLON) |