TIDMGAMA

RNS Number : 3514C

Gamma Communications PLC

10 October 2022

10 October 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 29,959 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,798,105. 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 96,798,105 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.

The following option holders exercised options and sold Ordinary Shares (in part to pay the option holder's tax due on the exercise), in the quantities shown below:

Director

-- Andrew Belshaw (CEO) exercised options over 23,351 Ordinary Shares in the Company on 6 October 2022 for nil consideration and sold 28,351 Ordinary Shares at a price of 1092.5p, representing 0.03 per cent of the Company's issued share capital . His aggregate resultant shareholding in the Company is 94,505 Ordinary shares, representing 0.1 per cent of the issued share capital of the Company.

PDMR

-- John Murphy (Group Operations Director) exercised options over 4,087 Ordinary Shares in the Company on 7 October 2022 at an exercise price of 734p and sold:

1,945 Ordinary Shares at a price of 1118p on 5 October 2022

978 Ordinary Shares at a price of 1062p on 5 October 2022

4,087 Ordinary Shares at a price of 1080p on 7 October 2022

 
 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 Belshaw 
     ---------------------  -------------------------------------------------- 
 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, 
       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)                               ---------- 
                               a)    Nil        23,351     Exercise of options 
                               b)    1092.5p    28,351     Sale 
                               ---  ---------  ---------- 
     ---------------------  -------------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  -------------------------------------------------- 
 e)   Date of the            6 October 2022 
       transaction 
     ---------------------  -------------------------------------------------- 
 f)   Place of the             a)   Outside a trading venue 
       transaction              b)   London Stock Exchange, (AIMX) 
                                    ------------------------------ 
     ---------------------  -------------------------------------------------- 
 
 
 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 and exercise of options 
        transaction 
      ----------------------  -------------------------------------------------- 
 c)    Price(s) and                   Price(s)   Volume(s) 
        volume(s)                                ---------- 
                                 a)    1118p      1,945             Sale 
                                 b)    1062p      978               Sale 
                                 c)    734p       4,087      Exercise of options 
                                 d)    1080p      4,087             Sale 
      ----------------------  -------------------------------------------------- 
       Aggregated 
 d)     information 
   - Aggregated 
    volume 
   - Price                      7,010 
                                 1087.9p 
 ---------------------------  -------------------------------------------------- 
 e)    Date of the                        a) 5 October 2022 
        transaction                        b) 5 October 2022 
                                           c) 7 October 2022 
                                           d) 7 October 2022 
      ----------------------  -------------------------------------------------- 
 f)    Place of the             a)   London Stock Exchange, (AIMX) 
        transaction              b)   London Stock Exchange, (AIMX) 
                                     ------------------------------ 
                                 c)   Outside a trading venue 
                                     ------------------------------ 
                                 d)   London Stock Exchange, (AIMX) 
                                     ------------------------------ 
      ----------------------  -------------------------------------------------- 
 

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