GAMMA COMMUNICATIONS PLC

Remuneration Information • Sep 16, 2020

National Storage Mechanism | Additional information

RNS Number : 2065Z

Gamma Communications PLC

16 September 2020

16 September 2020

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces that on 14 September 2020 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Long-Term Incentive Plan established on 2 September 2014:  

Executive Director			No of Options	Exercise price
Andrew Taylor			51,507	nil
Andrew Belshaw			32,031	nil
PDMR			No of Options	Exercise price
Andrew Morris			23,703	nil
David Macfarlane			21,994	nil
Malcolm Goddard			15,447	nil
Daryl Pile			21,994	nil

The above options are subject to certain performance conditions having been met during the three year period up until 31 March 2023.

The Company also announces that on 14 September 2020 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Deferred Bonus Plan established on 23 May 2018:  

Executive Director			No of Options	Exercise price
Andrew Taylor			12,060	nil
Andrew Belshaw			6,250	nil

As was set out in the Remuneration Report within the 2019 Annual Report; 25% of the bonus earned by Andrew Taylor and Andrew Belshaw relating to the year ending December 2019 has been deferred into an award governed by the terms of the Deferred Bonus Plan. The above options (which form that award) were granted on 14 September 2020 and will vest on 31 March 2022 without performance conditions.

Enquiries:

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 / Virginia Bull / Sebastian Lawrence		Tel: +44 (0)207 597 5970
Tulchan Communications LLP (PR Adviser) James Macey White / Matt Low		Tel: +44 (0)207 353 4200

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 Taylor

2

Reason for the notification

a)

Position/status

CEO

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

Award of options over Ordinary Shares of 0.25p each under the schemes shown below

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil Nil	51,507 12,060	Gamma Long-Term Incentive Plan Gamma Deferred Bonus Plan

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Belshaw

2

Reason for the notification

a)

Position/status

CFO

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

Award of options over Ordinary Shares of 0.25p each under the schemes shown below

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil nil	32,031 6,250	Gamma Long-Term Incentive Plan Gamma Deferred Bonus Plan

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

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

Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	23,703

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

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

Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	15,447

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

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

Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	21,994

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

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

Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	21,994

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

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