Last checked at 15 May 2019 12:52
15 May 2019
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 206,116 Ordinary Shares (the "New Ordinary Shares").
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 94,238,404. 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 94,238,404 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 13 May 2019 at 1065p in the quantities shown below:
Directors
· Andrew Belshaw (CFO) exercised options over 44,002 Ordinary shares in the Company for nil consideration and sold 94,002 Ordinary Shares representing 0.1 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 179,505 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 38,171 Ordinary Shares in the Company for nil consideration and sold 38,171 Ordinary Shares
· Malcolm Goddard exercised options over 34,035 Ordinary Shares in the Company for nil consideration and sold 16,084 Ordinary Shares
· David Macfarlane exercised options over 35,956 Ordinary Shares in the Company for nil consideration and sold 35,956 Ordinary Shares
· Daryl Pile exercised options over 19,801 Ordinary Shares in the Company for nil consideration and sold 19,801 Ordinary Shares
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) |
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d) | Aggregated information Aggregated volume Price |
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e) | Date of the transaction | 13-05-2019 | ||||||||
f) | Place of the transaction | London Stock Exchange - (XLON) |
1. | Details of PDMR / person closely associated with them ('PCA') | |
a) | Name | Andrew Morris |
b) | Position / status | Chief Strategy & Operating Officer |
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) |
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d) | Aggregated information Aggregated volume Price |
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e) | Date of the transaction | 13-05-2019 | ||||||||
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) |
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d) | Aggregated information Aggregated volume Price |
| ||||||||
e) | Date of the transaction | 13-05-2019 | ||||||||
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 | 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 | 13-05-2019 | ||||||||
f) | Place of the transaction | London Stock Exchange - (XLON) |
1. | Details of PDMR / person closely associated with them ('PCA') | |
a) | Name | Daryl Pile |
b) | Position / status | Managing Director - Channel |
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 | 13-05-2019 | ||||||||
f) | Place of the transaction | London Stock Exchange - (XLON) |