Director's Dealing • Sep 23, 2016
Director's Dealing
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RNS Number : 7486K
Gamma Communications PLC
23 September 2016
23 Sept 2016
Gamma Communications plc
("Gamma Communications plc" or the "Company")
Exercise of Options and Director's and PDMR's Shareholdings
The Company has been informed that Andrew Stone, a Non-Executive Director of the Company, sold 150,000 shares in the Company on 21 Sept 2016 at 515p per share. The sale represents 0.2% of the issued share capital of the Company. He has a resultant holding of 1,550,000 shares representing 1.7% of the Company's issued share capital.
The Company also confirms that, following the receipt of a notice of exercise of options from Andrew Morris, a person regarded by the Company as discharging management responsibility, it yesterday issued 138,000 Ordinary Shares of 0.25p each ("New Ordinary Shares"). Andrew Morris sold 188,000 shares in the Company on 22 Sept 2016 at 515p per share.
The Company also confirms that, following the receipt of a notice of exercise of options from an employee, it yesterday issued 50,000 New Ordinary Shares.
Application has been made for 188,000 New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 29 September 2016.
Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 91,751,499. 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 91,751,499 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.
| Gamma Communications plc Bob Falconer, 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 / Matt Lewis Dominic Emery / Sebastian Lawrence |
Tel: +44 (0)20 7597 5970 |
Appendix
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
MR ANDREW JONATHAN STONE
2
Reason for the notification
a)
Position/status
NON-EXECUTIVE DIRECTOR
b)
Initial notification/Amendment
INITIAL NOTIFICATION
3
Details of the issuer
Gamma Communications plc
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
| Gamma Communications plc Ordinary Shares of 0.25p each |
| ISIN: GB00BQS10J50 |
b)
Nature of the transaction
SALE OF ORDINARY SHARES OF
0.25p EACH
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £5.15 | 150,000 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
e)
Date of the transaction
21-09-2016
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Andrew John Morris
2
Reason for the notification
a)
Position/status
Managing Director Service and
Operations
b)
Initial notification/Amendment
Initial
3
Details of the issuer
Gamma Communications plc
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
| Gamma Communications plc Ordinary Shares of 0.25p each |
| ISIN: GB00BQS10J50 |
b)
Nature of the transaction
Sale
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £5.15 | 188,000 |
N/A
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
N/A
e)
Date of the transaction
22-09-2016
f)
Place of the transaction
London Stock Exchange (XLON)
This information is provided by RNS
The company news service from the London Stock Exchange
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