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: [phone]
Investec Bank plc (NOMAD & Broker) Patrick Robb / Virginia Bull	Tel: [phone]
Teneo (PR Adviser) James Macey White / Matt Low / Rebecca Hamer	Tel: [phone]

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 16,015 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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