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Transaction in Own Shares

Today 07:00

RNS Number : 0878J
Gamma Communications PLC
22 June 2026
 

22 June 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

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:

19 June 2026

Number of ordinary shares purchased:

21,072

Lowest price per share (pence):

895.50

Highest price per share (pence):

919.00

Weighted average price per day (pence):

903.0588

 

 The Company intends to cancel the purchased ordinary shares.

 

Following settlement of the above purchases, Gamma has purchased a total of 2,215,343 ordinary shares since the commencement of the buyback programme and will have 91,549,008 ordinary shares in issue. There are 1,536,117 ordinary shares held in treasury. The total voting rights in the Company are therefore 90,012,891 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 90,012,891 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

903.0588

21,072

895.50

919.00

 

 

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

19 June 2026 08:20:08

84

895.50

XLON

00400078756TRLO1

19 June 2026 08:24:38

42

896.50

XLON

00400081468TRLO1

19 June 2026 08:28:39

44

895.50

XLON

00400084062TRLO1

19 June 2026 08:28:39

71

895.50

XLON

00400084063TRLO1

19 June 2026 08:30:26

14

897.00

XLON

00400085294TRLO1

19 June 2026 08:48:27

84

898.00

XLON

00400100032TRLO1

19 June 2026 08:52:00

41

897.00

XLON

00400102863TRLO1

19 June 2026 08:52:00

42

897.00

XLON

00400102864TRLO1

19 June 2026 08:53:26

16

898.00

XLON

00400103900TRLO1

19 June 2026 09:17:13

17

899.00

XLON

00400123688TRLO1

19 June 2026 09:17:21

14

899.00

XLON

00400123897TRLO1

19 June 2026 09:17:21

33

899.00

XLON

00400123898TRLO1

19 June 2026 09:17:21

14

899.00

XLON

00400123899TRLO1

19 June 2026 09:17:21

88

898.50

XLON

00400123900TRLO1

19 June 2026 09:17:30

88

897.50

XLON

00400124137TRLO1

19 June 2026 09:26:54

89

897.50

XLON

00400133939TRLO1

19 June 2026 09:26:54

85

896.00

XLON

00400133943TRLO1

19 June 2026 09:27:32

86

895.50

XLON

00400134499TRLO1

19 June 2026 09:38:04

89

896.50

XLON

00400142804TRLO1

19 June 2026 09:38:38

83

896.00

XLON

00400143265TRLO1

19 June 2026 09:39:25

2

898.00

XLON

00400143947TRLO1

19 June 2026 09:39:25

45

898.00

XLON

00400143948TRLO1

19 June 2026 09:39:25

87

896.50

XLON

00400143949TRLO1

19 June 2026 09:39:25

220

899.00

XLON

00400143950TRLO1

19 June 2026 09:39:25

88

898.50

XLON

00400143951TRLO1

19 June 2026 09:39:26

3

899.00

XLON

00400143964TRLO1

19 June 2026 09:39:26

13

899.00

XLON

00400143966TRLO1

19 June 2026 09:48:08

83

902.50

XLON

00400152432TRLO1

19 June 2026 09:48:14

53

903.00

XLON

00400152513TRLO1

19 June 2026 09:48:14

30

903.00

XLON

00400152514TRLO1

19 June 2026 09:48:24

85

903.00

XLON

00400152639TRLO1

19 June 2026 09:49:49

172

905.00

XLON

00400153925TRLO1

19 June 2026 09:56:56

89

903.50

XLON

00400160942TRLO1

19 June 2026 09:57:17

24

905.50

XLON

00400161155TRLO1

19 June 2026 09:57:17

65

905.50

XLON

00400161156TRLO1

19 June 2026 09:57:17

84

905.00

XLON

00400161157TRLO1

19 June 2026 09:57:18

85

904.50

XLON

00400161164TRLO1

19 June 2026 09:57:19

83

904.00

XLON

00400161188TRLO1

19 June 2026 10:00:06

84

906.00

XLON

00400163571TRLO1

19 June 2026 10:00:07

87

905.50

XLON

00400163580TRLO1

19 June 2026 10:00:10

88

905.00

XLON

00400163597TRLO1

19 June 2026 10:00:10

84

904.50

XLON

00400163605TRLO1

19 June 2026 10:01:08

84

906.00

XLON

00400164348TRLO1

19 June 2026 10:01:55

85

905.00

XLON

00400164811TRLO1

19 June 2026 10:01:59

86

904.50

XLON

00400164877TRLO1

19 June 2026 10:02:26

89

904.00

XLON

00400165207TRLO1

19 June 2026 10:02:58

86

903.50

XLON

00400165581TRLO1

19 June 2026 10:03:23

88

903.00

XLON

00400165965TRLO1

19 June 2026 10:03:48

71

902.50

XLON

00400166376TRLO1

19 June 2026 10:04:50

26

902.00

XLON

00400167349TRLO1

19 June 2026 10:07:03

19

901.50

XLON

00400169013TRLO1

19 June 2026 10:07:03

45

901.50

XLON

00400169014TRLO1

19 June 2026 10:07:03

26

901.50

XLON

00400169015TRLO1

19 June 2026 10:08:15

36

904.50

XLON

00400169923TRLO1

19 June 2026 10:08:18

90

904.00

XLON

00400169949TRLO1

19 June 2026 10:15:27

36

902.00

XLON

00400177205TRLO1

19 June 2026 10:15:27

47

902.00

XLON

00400177206TRLO1

19 June 2026 10:15:28

26

902.00

XLON

00400177228TRLO1

19 June 2026 10:15:28

62

902.00

XLON

00400177229TRLO1

19 June 2026 10:15:28

522

901.50

XLON

00400177230TRLO1

19 June 2026 10:17:23

88

900.00

XLON

00400179183TRLO1

19 June 2026 10:17:24

90

898.50

XLON

00400179219TRLO1

19 June 2026 10:17:32

89

897.50

XLON

00400179404TRLO1

19 June 2026 10:17:57

83

899.00

XLON

00400179897TRLO1

19 June 2026 10:17:57

83

899.50

XLON

00400179898TRLO1

19 June 2026 10:17:57

420

899.50

XLON

00400179899TRLO1

19 June 2026 10:17:57

121

899.50

XLON

00400179900TRLO1

19 June 2026 10:17:57

85

896.50

XLON

00400179901TRLO1

19 June 2026 10:18:09

85

898.50

XLON

00400180097TRLO1

19 June 2026 10:18:09

85

899.00

XLON

00400180098TRLO1

19 June 2026 10:18:13

64

899.50

XLON

00400180168TRLO1

19 June 2026 10:18:19

90

900.50

XLON

00400180274TRLO1

19 June 2026 10:18:19

87

900.50

XLON

00400180275TRLO1

19 June 2026 10:18:19

89

900.00

XLON

00400180276TRLO1

19 June 2026 10:18:20

89

900.00

XLON

00400180285TRLO1

19 June 2026 10:18:20

89

900.50

XLON

00400180286TRLO1

19 June 2026 10:18:31

84

899.50

XLON

00400180466TRLO1

19 June 2026 10:19:38

84

899.00

XLON

00400181541TRLO1

19 June 2026 10:19:38

86

899.00

XLON

00400181542TRLO1

19 June 2026 10:20:24

86

898.00

XLON

00400182262TRLO1

19 June 2026 10:21:09

16

898.50

XLON

00400182974TRLO1

19 June 2026 10:21:09

56

898.50

XLON

00400182975TRLO1

19 June 2026 10:21:09

13

898.50

XLON

00400182976TRLO1

19 June 2026 10:25:46

86

918.00

XLON

00400187718TRLO1

19 June 2026 10:25:46

86

918.50

XLON

00400187719TRLO1

19 June 2026 10:25:46

86

919.00

XLON

00400187720TRLO1

19 June 2026 10:25:46

88

917.00

XLON

00400187722TRLO1

19 June 2026 10:26:03

85

914.50

XLON

00400188003TRLO1

19 June 2026 10:26:10

44

913.50

XLON

00400188122TRLO1

19 June 2026 10:26:18

90

914.50

XLON

00400188230TRLO1

19 June 2026 10:27:11

88

913.50

XLON

00400188961TRLO1

19 June 2026 10:27:11

88

912.50

XLON

00400188962TRLO1

19 June 2026 10:27:18

88

911.50

XLON

00400189078TRLO1

19 June 2026 10:30:46

87

911.00

XLON

00400193739TRLO1

19 June 2026 10:31:24

83

910.50

XLON

00400194884TRLO1

19 June 2026 10:31:50

83

910.00

XLON

00400195684TRLO1

19 June 2026 10:37:01

89

908.00

XLON

00400205744TRLO1

19 June 2026 10:40:46

37

913.50

XLON

00400214344TRLO1

19 June 2026 10:40:46

52

913.50

XLON

00400214345TRLO1

19 June 2026 10:42:03

85

916.00

XLON

00400217687TRLO1

19 June 2026 10:47:08

88

915.50

XLON

00400230388TRLO1

19 June 2026 10:49:35

83

912.00

XLON

00400236302TRLO1

19 June 2026 10:50:40

90

911.50

XLON

00400238595TRLO1

19 June 2026 10:54:45

84

912.00

XLON

00400248545TRLO1

19 June 2026 10:59:05

87

911.00

XLON

00400259090TRLO1

19 June 2026 11:00:03

86

912.00

XLON

00400259712TRLO1

19 June 2026 11:05:57

84

907.50

XLON

00400259924TRLO1

19 June 2026 11:06:48

84

907.50

XLON

00400259956TRLO1

19 June 2026 11:22:31

89

906.50

XLON

00400260310TRLO1

19 June 2026 11:22:32

83

905.50

XLON

00400260311TRLO1

19 June 2026 11:28:18

83

903.00

XLON

00400260430TRLO1

19 June 2026 11:28:18

76

903.50

XLON

00400260431TRLO1

19 June 2026 11:28:18

7

903.50

XLON

00400260432TRLO1

19 June 2026 11:28:18

68

901.50

XLON

00400260433TRLO1

19 June 2026 11:28:18

17

901.50

XLON

00400260434TRLO1

19 June 2026 11:28:18

85

900.50

XLON

00400260435TRLO1

19 June 2026 11:29:09

83

900.00

XLON

00400260460TRLO1

19 June 2026 11:31:19

86

898.50

XLON

00400260501TRLO1

19 June 2026 11:41:43

86

897.50

XLON

00400261632TRLO1

19 June 2026 11:50:55

83

898.50

XLON

00400261935TRLO1

19 June 2026 11:56:29

83

899.00

XLON

00400262090TRLO1

19 June 2026 11:56:29

82

899.00

XLON

00400262091TRLO1

19 June 2026 11:57:09

84

902.00

XLON

00400262104TRLO1

19 June 2026 12:04:27

22

903.50

XLON

00400262381TRLO1

19 June 2026 12:04:28

22

903.00

XLON

00400262382TRLO1

19 June 2026 12:04:28

67

903.00

XLON

00400262383TRLO1

19 June 2026 12:04:28

90

903.50

XLON

00400262384TRLO1

19 June 2026 12:07:19

89

906.00

XLON

00400262429TRLO1

19 June 2026 12:10:04

88

905.00

XLON

00400262493TRLO1

19 June 2026 12:13:08

90

904.50

XLON

00400262532TRLO1

19 June 2026 12:14:28

86

904.00

XLON

00400262557TRLO1

19 June 2026 12:17:00

89

903.00

XLON

00400262582TRLO1

19 June 2026 12:24:02

88

904.00

XLON

00400262702TRLO1

19 June 2026 12:31:12

84

903.50

XLON

00400262842TRLO1

19 June 2026 12:31:12

84

903.50

XLON

00400262843TRLO1

19 June 2026 12:36:49

86

904.50

XLON

00400262934TRLO1

19 June 2026 12:42:23

84

905.00

XLON

00400263002TRLO1

19 June 2026 12:43:50

60

905.00

XLON

00400263015TRLO1

19 June 2026 12:43:50

25

905.00

XLON

00400263016TRLO1

19 June 2026 12:48:00

88

904.50

XLON

00400263106TRLO1

19 June 2026 12:50:37

85

904.00

XLON

00400263158TRLO1

19 June 2026 13:00:28

87

903.00

XLON

00400263330TRLO1

19 June 2026 13:00:28

83

902.50

XLON

00400263332TRLO1

19 June 2026 13:01:25

86

902.00

XLON

00400263354TRLO1

19 June 2026 13:02:57

87

901.50

XLON

00400263383TRLO1

19 June 2026 13:04:13

85

901.00

XLON

00400263431TRLO1

19 June 2026 13:14:49

86

900.50

XLON

00400263624TRLO1

19 June 2026 13:15:32

84

901.50

XLON

00400263636TRLO1

19 June 2026 13:23:19

90

902.00

XLON

00400263783TRLO1

19 June 2026 13:27:21

83

903.00

XLON

00400263805TRLO1

19 June 2026 13:28:42

89

902.50

XLON

00400263817TRLO1

19 June 2026 13:30:03

85

902.00

XLON

00400263837TRLO1

19 June 2026 13:33:42

88

901.50

XLON

00400263898TRLO1

19 June 2026 13:34:37

86

901.00

XLON

00400263905TRLO1

19 June 2026 13:35:29

89

900.50

XLON

00400263923TRLO1

19 June 2026 13:37:07

38

900.00

XLON

00400263960TRLO1

19 June 2026 13:37:07

46

900.00

XLON

00400263961TRLO1

19 June 2026 13:40:04

88

902.00

XLON

00400264096TRLO1

19 June 2026 13:52:55

84

905.50

XLON

00400264453TRLO1

19 June 2026 13:54:11

1

904.50

XLON

00400264516TRLO1

19 June 2026 13:54:11

17

904.50

XLON

00400264517TRLO1

19 June 2026 13:54:11

17

904.50

XLON

00400264518TRLO1

19 June 2026 13:54:11

54

904.50

XLON

00400264519TRLO1

19 June 2026 13:54:11

18

904.50

XLON

00400264520TRLO1

19 June 2026 13:54:48

88

904.00

XLON

00400264651TRLO1

19 June 2026 13:55:38

88

904.00

XLON

00400264716TRLO1

19 June 2026 13:56:06

85

903.50

XLON

00400264730TRLO1

19 June 2026 13:56:46

85

904.00

XLON

00400264778TRLO1

19 June 2026 13:59:15

38

903.00

XLON

00400264872TRLO1

19 June 2026 13:59:15

1

903.00

XLON

00400264873TRLO1

19 June 2026 14:00:48

46

903.00

XLON

00400264933TRLO1

19 June 2026 14:00:48

23

903.00

XLON

00400264934TRLO1

19 June 2026 14:01:17

13

903.00

XLON

00400265014TRLO1

19 June 2026 14:03:12

85

904.50

XLON

00400265056TRLO1

19 June 2026 14:06:04

89

904.00

XLON

00400265105TRLO1

19 June 2026 14:06:04

89

904.00

XLON

00400265106TRLO1

19 June 2026 14:06:33

58

903.00

XLON

00400265154TRLO1

19 June 2026 14:09:08

69

903.00

XLON

00400265206TRLO1

19 June 2026 14:11:45

52

903.00

XLON

00400265274TRLO1

19 June 2026 14:11:45

58

903.00

XLON

00400265275TRLO1

19 June 2026 14:26:54

90

903.00

XLON

00400265584TRLO1

19 June 2026 14:32:02

165

904.50

XLON

00400265698TRLO1

19 June 2026 14:32:43

167

904.50

XLON

00400265708TRLO1

19 June 2026 14:34:03

84

904.00

XLON

00400265723TRLO1

19 June 2026 14:36:21

88

904.00

XLON

00400265758TRLO1

19 June 2026 14:38:48

86

905.00

XLON

00400265803TRLO1

19 June 2026 14:41:18

86

904.50

XLON

00400265850TRLO1

19 June 2026 14:41:18

85

904.50

XLON

00400265851TRLO1

19 June 2026 14:41:18

88

904.00

XLON

00400265852TRLO1

19 June 2026 14:41:38

76

903.50

XLON

00400265863TRLO1

19 June 2026 14:56:02

169

904.00

XLON

00400266201TRLO1

19 June 2026 14:56:02

170

903.50

XLON

00400266203TRLO1

19 June 2026 14:56:07

87

903.00

XLON

00400266219TRLO1

19 June 2026 15:00:20

175

903.00

XLON

00400266346TRLO1

19 June 2026 15:05:40

16

904.00

XLON

00400266580TRLO1

19 June 2026 15:05:40

25

904.00

XLON

00400266581TRLO1

19 June 2026 15:05:40

19

904.00

XLON

00400266582TRLO1

19 June 2026 15:05:40

2

904.00

XLON

00400266583TRLO1

19 June 2026 15:05:40

27

904.00

XLON

00400266584TRLO1

19 June 2026 15:05:40

62

904.00

XLON

00400266585TRLO1

19 June 2026 15:06:59

91

903.50

XLON

00400266639TRLO1

19 June 2026 15:13:58

26

903.00

XLON

00400266972TRLO1

19 June 2026 15:14:15

64

903.00

XLON

00400266977TRLO1

19 June 2026 15:14:15

26

903.00

XLON

00400266978TRLO1

19 June 2026 15:15:58

77

902.50

XLON

00400267029TRLO1

19 June 2026 15:19:15

9

902.50

XLON

00400267152TRLO1

19 June 2026 15:19:15

77

902.50

XLON

00400267153TRLO1

19 June 2026 15:27:24

172

903.50

XLON

00400267545TRLO1

19 June 2026 15:31:00

69

903.00

XLON

00400267737TRLO1

19 June 2026 15:32:06

105

903.00

XLON

00400267769TRLO1

19 June 2026 15:32:06

69

903.00

XLON

00400267770TRLO1

19 June 2026 15:32:06

170

902.50

XLON

00400267771TRLO1

19 June 2026 15:35:58

66

902.50

XLON

00400268017TRLO1

19 June 2026 15:35:58

75

902.50

XLON

00400268018TRLO1

19 June 2026 15:35:58

35

902.50

XLON

00400268019TRLO1

19 June 2026 15:35:58

66

902.50

XLON

00400268020TRLO1

19 June 2026 15:36:18

101

902.00

XLON

00400268047TRLO1

19 June 2026 15:36:18

75

902.00

XLON

00400268048TRLO1

19 June 2026 15:37:46

48

902.00

XLON

00400268140TRLO1

19 June 2026 15:37:46

130

902.00

XLON

00400268141TRLO1

19 June 2026 15:37:54

94

902.50

XLON

00400268147TRLO1

19 June 2026 15:37:57

14

902.50

XLON

00400268150TRLO1

19 June 2026 15:37:57

59

902.50

XLON

00400268151TRLO1

19 June 2026 15:39:29

85

901.50

XLON

00400268240TRLO1

19 June 2026 15:39:29

172

901.50

XLON

00400268241TRLO1

19 June 2026 15:41:00

6

901.00

XLON

00400268373TRLO1

19 June 2026 15:41:07

10

901.50

XLON

00400268380TRLO1

19 June 2026 15:41:08

9

901.50

XLON

00400268381TRLO1

19 June 2026 15:41:31

24

901.50

XLON

00400268422TRLO1

19 June 2026 15:41:41

60

902.00

XLON

00400268429TRLO1

19 June 2026 15:41:41

305

901.50

XLON

00400268430TRLO1

19 June 2026 15:41:47

91

901.50

XLON

00400268440TRLO1

19 June 2026 15:41:47

117

901.00

XLON

00400268441TRLO1

19 June 2026 15:42:14

16

901.50

XLON

00400268472TRLO1

19 June 2026 15:43:44

85

903.00

XLON

00400268554TRLO1

19 June 2026 15:43:44

172

902.50

XLON

00400268555TRLO1

19 June 2026 15:43:45

172

902.00

XLON

00400268557TRLO1

19 June 2026 15:44:04

181

902.00

XLON

00400268581TRLO1

19 June 2026 15:49:45

6

903.00

XLON

00400268839TRLO1

19 June 2026 15:49:45

237

903.00

XLON

00400268840TRLO1

19 June 2026 15:49:45

137

903.00

XLON

00400268841TRLO1

19 June 2026 15:49:46

136

903.00

XLON

00400268842TRLO1

19 June 2026 15:49:47

112

902.50

XLON

00400268843TRLO1

19 June 2026 15:53:37

28

903.00

XLON

00400268986TRLO1

19 June 2026 15:56:22

87

903.50

XLON

00400269068TRLO1

19 June 2026 15:56:23

87

903.00

XLON

00400269069TRLO1

19 June 2026 15:56:24

83

902.50

XLON

00400269070TRLO1

19 June 2026 15:56:56

87

902.00

XLON

00400269101TRLO1

19 June 2026 15:58:23

86

901.50

XLON

00400269183TRLO1

19 June 2026 16:03:29

91

902.50

XLON

00400269595TRLO1

19 June 2026 16:03:29

100

902.50

XLON

00400269596TRLO1

19 June 2026 16:03:29

165

902.00

XLON

00400269597TRLO1

19 June 2026 16:09:04

90

903.00

XLON

00400269809TRLO1

19 June 2026 16:09:35

47

903.50

XLON

00400269820TRLO1

19 June 2026 16:09:35

137

903.50

XLON

00400269821TRLO1

19 June 2026 16:09:35

61

903.50

XLON

00400269822TRLO1

19 June 2026 16:09:35

178

902.50

XLON

00400269823TRLO1

19 June 2026 16:09:43

57

902.00

XLON

00400269837TRLO1

19 June 2026 16:11:46

142

902.00

XLON

00400269914TRLO1

19 June 2026 16:12:35

34

902.00

XLON

00400269948TRLO1

19 June 2026 16:14:52

39

902.00

XLON

00400270087TRLO1

19 June 2026 16:15:41

87

903.00

XLON

00400270114TRLO1

19 June 2026 16:15:41

88

902.50

XLON

00400270115TRLO1

19 June 2026 16:15:44

49

902.00

XLON

00400270117TRLO1

19 June 2026 16:16:43

39

902.00

XLON

00400270146TRLO1

19 June 2026 16:16:43

88

902.00

XLON

00400270147TRLO1

19 June 2026 16:16:43

49

902.00

XLON

00400270148TRLO1

 

 

Enquiries:

 

Gamma Communications plc

Martin Hellawell, Chair

Andrew Belshaw, Chief Executive Officer

Rachael Matzopoulos, Company Secretary

 

+44 (0) 33 3006 5972

Barclays Bank PLC, acting through its Investment Bank

(Lead Financial Adviser)

Alastair Blackman / Alex Evans / Callum West / Michael Hart

 

+44 (0) 20 7623 2323

Q Advisors (Joint Financial Adviser) 

Michael Quinn / Kristian MacCarter

 

+1 720 837 3214

Investec (Joint Financial Adviser and Joint Broker) 

Patrick Robb / Virginia Bull

 

+44 (0) 20 7597 5970

Peel Hunt (Joint Financial Adviser and Joint Broker) 

Neil Patel / Alice Lane / Benjamin Cryer

+44 (0) 20 7418 8900 

Teneo (Financial PR Adviser) 

James Macey White / Matt Low

+44 (0) 20 7260 2700

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 +44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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