GAMMA COMMUNICATIONS PLC

Remuneration Information • Apr 12, 2024

National Storage Mechanism | Additional information

RNS Number : 4966K

Gamma Communications PLC

12 April 2024

12 April 2024

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces that on 12 April 2024 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 approved on 17 May 2023: 

Executive Director	Number of options	Exercise price
Andrew Belshaw	61,436	nil
Bill Castell	43,501	nil

PDMR	Number of options	Exercise price
David Macfarlane	13,559	nil
Daryl Pile	13,559	nil
John Murphy	10,892	nil
Colin Lees	13,337	nil
Chris Bradford	10,047	nil
Chris Wade	10,047	nil
Gerben Wijbenga	10,504	nil
Xavi Casajoana	4,704	nil
Rachael Matzopoulos	3,967	nil

The options are subject to performance conditions as detailed below having been met during the three year performance period commencing on 1 January 2024 and ending on 31 December 2026 and will vest on 12 April 2027.

For Executive Directors, the vesting of 50% of such awards (the "Relative TSR Part") is subject to the Company's total shareholder return ("TSR") performance over a three year period that commenced on 1 January 202 4  relative to the TSR performance over the same period of the constituents of the FTSE 250 Index (excluding investment trusts) as at 1 January   202 4 .   25% of the Relative TSR Part will vest for median ranking performance, rising on a straight - line basis to full vesting of the Relative TSR Part for upper quartile ranking (or better) relative TSR performance.

For Executive Directors, the vesting of 50% of such awards (the "EPS Part") is subject to growth in the Company's adjusted earnings per share ("EPS") performance over a three year period that commenced on 1 January 202 4 .   25% of the EPS Part will vest for compound annual growth at 4.0% rising on a straight - line basis to full vesting of the EPS Part for compound annual growth at 14.0%.

For options awarded to other PDMRs, vesting is subject to one third based on the Relative TSR performance condition as set out above, one third based on the EPS performance condition as set out above, and one third which does not have any associated performance conditions.

The options for the Executive Directors are subject to a further two year holding period post vesting before they may be exercised. 

The Company also granted 20,672 nil cost share options over ordinary shares of 0.25 pence each in the Company to Colin Lees, who joined the Company as Chief Technology Officer on 9 January 2024, pursuant to the Gamma Long Term Incentive Plan approved on 17 May 2023. These options are subject to certain performance conditions having been met during the three year performance period ending on 31 December 2025 and will vest on 22 May 2026.

Enquiries:
Gamma Communications plc Andrew Belshaw, Chief Executive Officer Bill Castell, Chief Financial Officer Rachael Matzopoulos, Company Secretary	Tel: +44 ( 0)333 006 5972
Investec Bank plc (NOMAD & Broker) Patrick Robb / Virginia Bull	Tel: +44 (0)207 597 5970
Teneo (PR Adviser) James Macey White / M att 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 Belshaw

2

Reason for the notification

a)

Position/status

Chief Executive 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 the Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	61,436

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Bill Castell

2

Reason for the notification

a)

Position/status

Chief Financial 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 the Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	43,501

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Macfarlane

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	13,559

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daryl Pile

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	13,559

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Murphy

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	10,892

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Colin Lees

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	13,337

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Bradford

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	10,047

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Wade

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	10,047

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gerben Wijbenga

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	10,504

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Xavi Casajoana

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	4,704

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Rachael Matzopoulos

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	3,967

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Colin Lees

2

Reason for the notification

a)

Position/status

PDMR

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 Gamma Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
nil	20,672

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

12 April 2024

f)

Place of the transaction

Outside a trading venue

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