GAMMA COMMUNICATIONS PLC

Share Issue/Capital Change • Jul 13, 2022

National Storage Mechanism | Additional information

RNS Number : 4067S

Gamma Communications PLC

13 July 2022

13 July 2022

Gamma Communications plc

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees, it has approved the issue of 134,482 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,676,235. 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 96,676,235 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 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 12 July 2022 at 1102p in the quantities shown below:

Persons discharging management responsibility

·    Andrew Morris exercised options over 17,280 Ordinary Shares in the Company for nil consideration and sold 8,383 Ordinary Shares

·    Malcolm Goddard exercised options over 11,261 Ordinary Shares in the Company for nil consideration and sold 5,463 Ordinary Shares

·    David Macfarlane exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares

·    Daryl Pile exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares

·    Phillip Stubbs exercised options over 12,329 Ordinary Shares in the Company for nil consideration and sold 12,329 Ordinary Shares

·    John Murphy exercised options over 7,926 Ordinary Shares in the Company for nil consideration and sold 7,926 Ordinary Shares

Gamma Communications plc Andrew Belshaw, Chief Executive Officer Bill Castell, Chief Financial Officer Malcolm Goddard, Company Secretary	Tel: +44 (0)333 006 5972
Investec Bank plc (NOMAD & Broker) Patrick Robb / Virginia Bull / Sebastian Lawrence	Tel: +44 (0)20 7597 5970

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

Andrew Morris

2

Reason for the notification

a)

Position/status

Chief Strategy & 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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	17,280	Exercise of options
1102p	8,383	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Malcolm Goddard

2

Reason for the notification

a)

Position/status

Company Secretary

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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	11,261	Exercise of options
1102p	5,463	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

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 - 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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	16,034	Exercise of options
1102p	7,778	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	16,034	Exercise of options
1102p	7,778	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Phillip Stubbs

2

Reason for the notification

a)

Position/status

Chief Technical 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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	12,329	Exercise of options
1102p	12,329	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Murphy

2

Reason for the notification

a)

Position/status

Group Operations Director

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 shares following exercise of options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	7,926	Exercise of options
1102p	7,926	Sale

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 July 2022

f)

Place of the transaction

London Stock Exchange, (XLON)

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