TIDMGAMA

RNS Number : 9111C

Gamma Communications PLC

23 June 2021

23 June 2021

Gamma Communications plc

Exercise of Options

The Company confirms that, following the receipt of notices of exercise of options from employees, ex-employees and Directors, it has approved the issue of 319,889 Ordinary Shares (the "New Ordinary Shares").

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 96,080,384. 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 96,080,384 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 22 June 2021 at 1975.4309p in the quantities shown below:

Directors

-- Andrew Taylor (CEO) exercised options over 108,381 Ordinary shares in the Company for nil consideration and sold 51,208 Ordinary Shares representing 0.05 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 57,173 Ordinary shares, representing 0.06 per cent of the issued share capital of the Company.

-- Andrew Belshaw (CFO) exercised options over 34,504 Ordinary shares in the Company for nil consideration and sold 64,504 Ordinary Shares representing 0.07 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 99,505 Ordinary shares, representing 0.1 per cent of the issued share capital of the Company.

Other persons discharging management responsibility

-- Andrew Morris exercised options over 29,932 Ordinary Shares in the Company for nil consideration and sold 29,932 Ordinary Shares

-- Malcolm Goddard exercised options over 21,351 Ordinary Shares in the Company for nil consideration and sold 10,087 Ordinary Shares

-- David Macfarlane exercised options over 30,401 Ordinary Shares in the Company for nil consideration and sold 14,363 Ordinary Shares

-- Daryl Pile exercised options over 27,637 Ordinary Shares in the Company for nil consideration and sold 13,057 Ordinary Shares

 
 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)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 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          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          108,381    Exercise of options 
                                1975.4309p   51,208     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       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          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          34,504     Exercise of options 
                                1975.4309p   64,504     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       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 
       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          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          29,932     Exercise of options 
                                1975.4309p   29,932     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       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,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  ----------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          21,351     Exercise of options 
                                1975.4309p   10,087     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       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,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  ----------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          30,401     Exercise of options 
                                1975.4309p   14,363     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       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,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  ----------------------------------------------- 
 b)   Nature of the          Sale of shares following exercise 
       transaction            of options 
     ---------------------  ----------------------------------------------- 
 c)   Price(s) and             Price(s)     Volume(s) 
       volume(s)                            ---------- 
                                Nil          27,637     Exercise of options 
                                1975.4309p   13,057     Sale 
                               -----------  ---------- 
     ---------------------  ----------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ----------------------------------------------- 
 e)   Date of the            22 June 2021 
       transaction 
     ---------------------  ----------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ----------------------------------------------- 
 
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June 23, 2021 12:54 ET (16:54 GMT)

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