Exercise of Options

RNS Number : 1402Z

Gamma Communications PLC

15 May 2019

 

15 May 2019

Gamma Communications plc

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees and a Director, it has approved the issue of 206,116 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 94,238,404. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following this allotment consists of 94,238,404 Ordinary Shares with voting rights attached. There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Gamma Communications plc under the DTRs.

Pursuant to the above exercise of options, and in part to pay the option holders' tax due on the exercise, the following option holders sold Ordinary Shares on 13 May 2019 at 1065p in the quantities shown below:

Directors

·    Andrew Belshaw (CFO) exercised options over 44,002 Ordinary shares in the Company for nil consideration and sold 94,002 Ordinary Shares representing 0.1 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 179,505 Ordinary shares, representing 0.2 per cent of the issued share capital of the Company.

Other persons discharging management responsibility

·    Andrew Morris exercised options over 38,171 Ordinary Shares in the Company for nil consideration and sold 38,171 Ordinary Shares

·    Malcolm Goddard exercised options over 34,035 Ordinary Shares in the Company for nil consideration and sold 16,084 Ordinary Shares

·    David Macfarlane exercised options over 35,956 Ordinary Shares in the Company for nil consideration and sold 35,956 Ordinary Shares

·   Daryl Pile exercised options over 19,801 Ordinary Shares in the Company for nil consideration and sold 19,801 Ordinary Shares

Gamma Communications plc Andrew Taylor, Chief Executive Officer Andrew Belshaw, Chief Financial Officer Malcolm Goddard, Company Secretary	Tel: [phone]
Investec Bank plc (NOMAD & Broker) Patrick Robb / Andrew Pinder / Sebastian Lawrence	Tel: [phone]

 

Appendix

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Andrew Belshaw
b)	Position / status	CFO
c)	Initial notification / amendment	Initial Notification
2.	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	Gamma Communications plc Ordinary Shares of 0.25p each
b)	Nature of the transaction	Sale Of Ordinary Shares of 0.25p each

c)	Price(s) and volume(s)	Price(s) Volume(s) 1065p 94,002
d)	Aggregated information Aggregated volume Price
e)	Date of the transaction	13-05-2019
f)	Place of the transaction	London Stock Exchange - (XLON)

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Andrew Morris
b)	Position / status	Chief Strategy & Operating Officer
c)	Initial notification / amendment	Initial Notification
2.	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	Gamma Communications plc Ordinary Shares of 0.25p each
b)	Nature of the transaction	Sale Of Ordinary Shares of 0.25p each

c)	Price(s) and volume(s)	Price(s) Volume(s) 1065p 38,171
d)	Aggregated information Aggregated volume Price
e)	Date of the transaction	13-05-2019
f)	Place of the transaction	London Stock Exchange - (XLON)

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Malcolm Goddard
b)	Position / status	Company Secretary and Commercial Director
c)	Initial notification / amendment	Initial Notification
2.	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	Gamma Communications plc Ordinary Shares of 0.25p each
b)	Nature of the transaction	Sale Of Ordinary Shares of 0.25p each

c)	Price(s) and volume(s)	Price(s) Volume(s) 1065p 16,084
d)	Aggregated information Aggregated volume Price
e)	Date of the transaction	13-05-2019
f)	Place of the transaction	London Stock Exchange - (XLON)

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	David Macfarlane
b)	Position / status	Managing Director: Solutions
c)	Initial notification / amendment	Initial Notification
2.	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	Gamma Communications plc Ordinary Shares of 0.25p each
b)	Nature of the transaction	Sale of Ordinary Shares of 0.25p each

c)	Price(s) and volume(s)	Price(s) Volume(s) 1065p 35,956
d)	Aggregated information Aggregated volume Price
e)	Date of the transaction	13-05-2019
f)	Place of the transaction	London Stock Exchange - (XLON)

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Daryl Pile
b)	Position / status	Managing Director - Channel
c)	Initial notification / amendment	Initial Notification
2.	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	Gamma Communications plc Ordinary Shares of 0.25p each
b)	Nature of the transaction	Sale of Ordinary Shares of 0.25p each

c)	Price(s) and volume(s)	Price(s) Volume(s) 1065p 19,801
d)	Aggregated information Aggregated volume Price
e)	Date of the transaction	13-05-2019
f)	Place of the transaction	London Stock Exchange - (XLON)

 

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