TIDMGAMA

RNS Number : 4067S

Gamma Communications PLC

13 July 2022

13 July 2022

Gamma Communications plc

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees, it has approved the issue of 134,482 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,676,235. 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 96,676,235 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 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 12 July 2022 at 1102p in the quantities shown below:

Persons discharging management responsibility

-- Andrew Morris exercised options over 17,280 Ordinary Shares in the Company for nil consideration and sold 8,383 Ordinary Shares

-- Malcolm Goddard exercised options over 11,261 Ordinary Shares in the Company for nil consideration and sold 5,463 Ordinary Shares

-- David Macfarlane exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares

-- Daryl Pile exercised options over 16,034 Ordinary Shares in the Company for nil consideration and sold 7,778 Ordinary Shares

-- Phillip Stubbs exercised options over 12,329 Ordinary Shares in the Company for nil consideration and sold 12,329 Ordinary Shares

-- John Murphy exercised options over 7,926 Ordinary Shares in the Company for nil consideration and sold 7,926 Ordinary Shares

 
 Gamma Communications plc                         Tel: +44 ( 0)333 006 5972 
  Andrew Belshaw, Chief Executive Officer 
  Bill Castell, Chief Financial Officer 
  Malcolm Goddard, Company Secretary 
 
   Investec Bank plc (NOMAD & Broker)               Tel: +44 (0)20 7597 5970 
   Patrick Robb / Virginia Bull / Sebastian 
   Lawrence 
 

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 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 
       of the financial       Gamma Communications plc 
       instrument, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        17,280     Exercise of options 
                                1102p      8,383      Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       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 
       of the financial       Gamma Communications plc 
       instrument, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        11,261     Exercise of options 
                                1102p      5,463             Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       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 
       of the financial       Gamma Communications plc 
       instrument, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        16,034     Exercise of options 
                                1102p      7,778             Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       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 
       of the financial       Gamma Communications plc 
       instrument, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        16,034     Exercise of options 
                                1102p      7,778             Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Phillip Stubbs 
     ---------------------  --------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status        Chief Technical 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 
       of the financial       Gamma Communications plc 
       instrument, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        12,329     Exercise of options 
                                1102p      12,329            Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  --------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   John Murphy 
     ---------------------  --------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status        Group Operations Director 
     ---------------------  --------------------------------------------- 
 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, 
       type of instrument 
                              Identification code (ISIN) for Gamma 
       Identification         Communications plc ordinary shares: 
       code                   GB00BQS10J50 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        7,926      Exercise of options 
                                1102p      7,926             Sale 
                               ---------  ---------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            12 July 2022 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  --------------------------------------------- 
 

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