TIDMGAMA

RNS Number : 1350G

Gamma Communications PLC

25 March 2022

25 March 2022

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces that on 25 March 2022 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                     48,568       nil 
 Andrew Belshaw                   30,203        nil 
 
 
 PDMR                            No of Options  Exercise price 
 
 Andrew Morris                    18,625        nil 
 Malcolm Goddard                  12,138        nil 
 David Macfarlane                 18,730        nil 
 Daryl Pile                       18,730        nil 
 
 

The above options are subject to certain performance conditions having been met during the three year period up until April 2025.

The options for the Executive Directors are subject to a further two year holding period post vesting before they may be exercised.

The Company also announces that on 25 March 2022 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                    9,377       nil 
 Andrew Belshaw                 4,665         nil 
 
 

The above options were granted on 25 March 2022 and will vest on 31 March 2025 without performance conditions.

Enquiries:

 
 
 Gamma Communications plc                          Tel: +44 ( 0)333 006 5972 
  Andrew Taylor, Chief Executive Officer 
  Andrew Belshaw, Chief Financial Officer 
  Malcolm Goddard, Company Secretary 
 Investec Bank plc (NOMAD & Broker)                 Tel: +44 (0)207 597 5970 
  Patrick Robb / Virginia Bull / Sebastian 
  Lawrence 
 Tulchan Communications LLP (PR Adviser)            Tel: +44 (0)207 353 4200 
  James Macey White / Matt Low 
 
 

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   Initial notification 
       /Amendment 
     ---------------------  ---------------------------------------------------- 
 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            Ordinary Shares of 0.25p each in 
       of the financial       Gamma Communications plc 
       instrument,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  ---------------------------------------------------- 
 b)   Nature of the          Award of options over Ordinary Shares 
       transaction            of 0.25p each under the schemes shown 
                              below 
     ---------------------  ---------------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        48,568     Gamma Long-Term Incentive 
                                                       Plan 
                                 Nil        9,377      Gamma Deferred Bonus Plan 
                               ---------  ---------- 
     ---------------------  ---------------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------------------------------- 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  ---------------------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ---------------------------------------------------- 
 
 
 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   Initial notification 
       /Amendment 
     ---------------------  --------------------------------------------------- 
 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            Ordinary Shares of 0.25p each in 
       of the financial       Gamma Communications plc 
       instrument,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  --------------------------------------------------- 
 b)   Nature of the          Award of options over Ordinary Shares 
       transaction            of 0.25p each under the schemes shown 
                              below 
     ---------------------  --------------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                nil        30,203     Gamma Long-Term Incentive 
                                                       Plan 
                                 nil        4,665      Gamma Deferred Bonus 
                                                        Plan 
                               ---------  ---------- 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  --------------------------------------------------- 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  --------------------------------------------------- 
 
 
 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   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         18,625 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 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   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         12,138 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 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   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         18,730 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 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   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         18,730 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            25 March 2022 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           Outside a trading venue 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
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