Director/PDMR Shareholding

RNS Number : 7345K

Gamma Communications PLC

20 April 2015

 

20 April 2015

Gamma Communications plc

Director Shareholding

 

Gamma Communications plc ("Gamma") was today informed that on 17 April 2015, Yorkshire Building Society, as trustee of the Company's HM Revenue & Customs approved Gamma Share Incentive Plan (the "GSIP"), acquired ordinary shares of 0.25 pence each in the Company ("Partnership Shares") on behalf of the following Directors.

Additionally, in accordance with the terms of the GSIP, the following Directors were duly awarded one Matching Share for each Partnership Share purchased.

Director	No. of Partnership Shares purchased	Purchase price of each Partnership Share	Resultant total shareholding	Resultant total shareholding (%)	No. of Matching  Shares awarded
Bob Falconer	665	270.4p	4,567,193	5.1%	665
Andrew Belshaw	665	270.4p	277,002	0.3%	665

The Matching Shares will vest on the third anniversary of the date of the award subject to continued employment for those three years and the Partnership Shares being held throughout the same period.

The GSIP is run independently by Yorkshire Building Society who have purchased the Partnership Shares and Matching Shares in the open market on behalf of employees participating in the GSIP.  As potential beneficiaries, the above Directors are deemed to have a potential beneficial interest in the trust's shares.

Enquiries:

Gamma Communications                                             [phone]

Bob Falconer, Chief Executive Officer

Andrew Belshaw, Finance Director

Investec Bank PLC                                                        [phone]

NOMAD & Broker

Andrew Pinder, Dominic Emery, Patrick Robb

Tulchan Communications                                             [phone]

James Macey White

Matt Low

 

END

 

 

RDSBXGDSXSDBGUG