Director/PDMR Shareholding

Gamma Communications PLC
30 April 2024
 

30 April 2024

Gamma Communications plc

("Gamma" or the "Company")

Exercise of Options and PDMR dealing

Exercise of Options

The Company announces that, following the receipt of notices of exercise of options from employees and former employees, it has approved the exercise of 62,995 Ordinary Shares of 0.25 pence each (the "Ordinary Shares"). The options will be satisfied through the transfer of Ordinary Shares from the Company's treasury account.

Following the transfer from treasury, for the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DGTRs"), the Company's issued ordinary share capital consists of 97,500,389 Ordinary Shares, of which 330,346 Ordinary Shares are held in treasury. The shares in treasury have no voting rights.

The total voting rights in the Company are therefore 97,170,043. Each share entitles the holder to one vote.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DGTRs.

Pursuant to the exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders who are PDMRs exercised options and sold the associated Ordinary Shares on 29 April 2024 as set out below:

 

 

PDMR

Number of options exercised

Option exercise price

 

Ordinary Shares sold

 

 

Sale price

Andrew Belshaw*

16,015

£0.0025

16,015

£13.13463

David Macfarlane

5,554

£0.0025

2,625

£13.13463

Daryl Pile

5,554

£0.0025

2,625

£13.13463

John Murphy

4,017

£0.0025

4,017

£13.13463

Chris Wade

3,673

£0.0025

1,736

£13.13463

Chris Bradford

1,751

£0.0025

828

£13.13463

Gerben Wijbenga

1,975

£0.0025

983

£13.13463

 

* Following this exercise and sale, Andrew Belshaw holds 135,952 Ordinary Shares in the Company, including those held under the Deferred Bonus Plan and net vested but unexercised shares under the LTIP. Andrew's shareholding requirement is 200% of his base salary. As a consequence of this transaction, his shareholding is now equivalent to 378% of his base salary when calculated at a price of £13.16.

Sale of Shares by a PDMR

The Company further advises that Daryl Pile, a PDMR, has sold an additional 14,580 Ordinary Shares on 29 April 2024 at £13.13463 per Ordinary Share.

 

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 / Matt Low / Rebecca Hamer

 

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

Sale of Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


£0.0025

16,015

Exercise of options

£13.13463

16,015

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


£40.04

Exercise of options

£210,351.10

16,015

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX




 




 

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 - Gamma Enterprise

 

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 Ordinary Shares following exercise of LTIP options

 

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


£0.0025

5,554

Exercise of options

£13.13463

2,625

Sale of Ordinary Shares

 

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


£13.89

5,554

Exercise of options

£34,478.40

2,625

Sale of Ordinary Shares

 

e)

Date of the transaction

29 April 2024

 

f)

Place of the transaction

AIMX

 

 

 

 

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 - Gamma Business

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 Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


£0.0025

5,554

Exercise of options

£13.13463

2,625

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


£13.89

5,554

Exercise of options

£34,478.40

2,625

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Murphy

2

Reason for the notification

a)

Position/status

Chief 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 Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


 

£0.0025

4,017

Exercise of options

£13.13463

4,017

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


 

£10.04

4,017

Exercise of options

£52,761.81

4,017

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Wade

2

Reason for the notification

a)

Position/status

Chief Marketing and Product 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 Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


 

£0.0025

3,673

Exercise of options

£13.13463

1,736

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


 

£9.18

3,673

Exercise of options

£22,801.72

1,736

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Chris Bradford

2

Reason for the notification

a)

Position/status

Chief People 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 Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


 

£0.0025

1,751

Exercise of options

£13.13463

828

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


 

£4.38

1,751

Exercise of options

£10,875.47

828

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gerben Wijbenga

2

Reason for the notification

a)

Position/status

Chief Executive Officer - Northern Europe

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 Ordinary Shares following exercise of LTIP options

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


 

£0.0025

1,975

Exercise of options

£13.13463

983

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


 

£4.94

1,975

Exercise of options

£12,911.34

983

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

 

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 - Gamma Business

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 Ordinary Shares

c)

Price(s) and volume(s)

 Price(s)

Volume(s)


£13.13463

14,580

Sale of Ordinary Shares

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)

Volume(s)


£191,502.91

14,580

Sale of Ordinary Shares

e)

Date of the transaction

29 April 2024

f)

Place of the transaction

AIMX

 

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