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Gamma Communications (GAMA)

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Wednesday 16 September, 2020

Gamma Communications

Director/PDMR Shareholding

RNS Number : 2065Z
Gamma Communications PLC
16 September 2020
 

 

16 September 2020

Gamma Communications plc

 

Grant of options

 

Gamma Communications plc ("the Company") announces that on 14 September 2020 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 established on 2 September 2014: 

Executive Director


No of Options

Exercise price





 Andrew Taylor


 51,507

nil

 Andrew Belshaw


  32,031

nil









 PDMR


No of Options

Exercise price





 Andrew Morris


  23,703

nil

 David Macfarlane


  21,994

nil

 Malcolm Goddard


  15,447

nil

 Daryl Pile


  21,994

nil

The above options are subject to certain performance conditions having been met during the three year period up until 31 March 2023.

 

The Company also announces that on 14 September 2020 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Deferred Bonus Plan established on 23 May 2018: 

Executive Director


No of Options

Exercise price





 Andrew Taylor


 12,060

nil

 Andrew Belshaw


   6,250

nil

As was set out in the Remuneration Report within the 2019 Annual Report; 25% of the bonus earned by Andrew Taylor and Andrew Belshaw relating to the year ending December 2019 has been deferred into an award governed by the terms of the Deferred Bonus Plan . The above options (which form that award) were granted on 14 September 2020 and will vest on 31 March 2022 without performance conditions.

 

Enquiries:

 


Gamma Communications plc

Andrew Taylor, Chief Executive Officer

Andrew Belshaw, Chief Financial Officer

Malcolm Goddard, Company Secretary

 

Tel: +44 ( 0)333 006 5972

Investec Bank plc (NOMAD & Broker)

Patrick Robb / Virginia Bull / Sebastian Lawrence

 

 

Tel: +44 (0)207 597 5970

Tulchan Communications LLP (PR Adviser)

James Macey White / Matt 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 Taylor

2

Reason for the notification

a)

Position/status

CEO

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 schemes shown below

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

Nil

Nil

51,507

12,060

Gamma Long-Term Incentive Plan

Gamma Deferred Bonus Plan

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Belshaw

2

Reason for the notification

a)

Position/status

CFO

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 schemes shown below

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

nil

nil

32,031

6,250

Gamma Long-Term Incentive Plan

Gamma Deferred Bonus Plan

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew Morris

2

Reason for the notification

a)

Position/status

Chief Strategy & 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

Award of options over Ordinary Shares of 0.25p each under Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

nil

23,703

 

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Malcolm Goddard

2

Reason for the notification

a)

Position/status

Company Secretary

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 Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

nil

15,447

 

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

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 - Direct

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 Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

nil

21,994

 

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

 

 

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 - Channel

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 Gamma Long-Term Incentive Plan

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

 

nil

21,994

 

d)

Aggregated information

- Aggregated volume

- Price

As above

e)

Date of the transaction

14 September 2020

f)

Place of the transaction

London Stock Exchange, (XLON)

 

 

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