REG - Gamma Communications - Director/PDMR Shareholding
30/04/2024 17:30
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RNS Number : 6846M Gamma Communications PLC 30 April 2024
30 April 2024
Gamma Communications plc
("Gamma" or the "Company")
Exercise of Options and PDMR dealing
Exercise of Options
The Company announces that, following the receipt of notices of exercise of
options from employees and former employees, it has approved the exercise of
62,995 Ordinary Shares of 0.25 pence each (the "Ordinary Shares"). The options
will be satisfied through the transfer of Ordinary Shares from the Company's
treasury account.
Following the transfer from treasury, for the purposes of the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules ("DGTRs"), the
Company's issued ordinary share capital consists of 97,500,389 Ordinary
Shares, of which 330,346 Ordinary Shares are held in treasury. The shares in
treasury have no voting rights.
The total voting rights in the Company are therefore 97,170,043. Each share
entitles the holder to one vote.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under the DGTRs.
Pursuant to the exercise of options, and in part to pay the option holders'
tax due on the exercise, the following option holders who are PDMRs exercised
options and sold the associated Ordinary Shares on 29 April 2024 as set out
below:
Number of options exercised Option exercise price
Ordinary Shares sold
PDMR Sale price
Andrew Belshaw* 16,015 £0.0025 16,015 £13.13463
David Macfarlane 5,554 £0.0025 2,625 £13.13463
Daryl Pile 5,554 £0.0025 2,625 £13.13463
John Murphy 4,017 £0.0025 4,017 £13.13463
Chris Wade 3,673 £0.0025 1,736 £13.13463
Chris Bradford 1,751 £0.0025 828 £13.13463
Gerben Wijbenga 1,975 £0.0025 983 £13.13463
* Following this exercise and sale, Andrew Belshaw holds 135,952 Ordinary
Shares in the Company, including those held under the Deferred Bonus Plan and
net vested but unexercised shares under the LTIP. Andrew's shareholding
requirement is 200% of his base salary. As a consequence of this transaction,
his shareholding is now equivalent to 378% of his base salary when calculated
at a price of £13.16.
Sale of Shares by a PDMR
The Company further advises that Daryl Pile, a PDMR, has sold an additional
14,580 Ordinary Shares on 29 April 2024 at £13.13463 per Ordinary Share.
Enquiries:
Gamma Communications plc Tel: +44 (0)333 006 5972
Andrew Belshaw, Chief Executive Officer
Bill Castell, Chief Financial Officer
Rachael Matzopoulos, Company Secretary
Investec Bank plc (NOMAD & Broker) Tel: +44 (0)207 597 5970
Patrick Robb / Virginia Bull
Teneo (PR Adviser) Tel: +44 (0)207 353 4200
James Macey White / Matt Low / Rebecca Hamer
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 Chief Executive 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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 16,015 Exercise of options
£13.13463 16,015 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£40.04 16,015 Exercise of options
- Aggregated volume £210,351.10 16,015 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
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 - Gamma Enterprise
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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 5,554 Exercise of options
£13.13463 2,625 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£13.89 5,554 Exercise of options
- Aggregated volume £34,478.40 2,625 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£40.04 16,015 Exercise of options
£210,351.10 16,015 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
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 - Gamma Enterprise
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
Sale of Ordinary Shares following exercise of LTIP options
c)
Price(s) and volume(s)
Price(s) Volume(s)
£0.0025 5,554 Exercise of options
£13.13463 2,625 Sale of Ordinary Shares
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£13.89 5,554 Exercise of options
£34,478.40 2,625 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
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 - Gamma Business
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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 5,554 Exercise of options
£13.13463 2,625 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£13.89 5,554 Exercise of options
- Aggregated volume £34,478.40 2,625 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£13.89 5,554 Exercise of options
£34,478.40 2,625 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name John Murphy
2 Reason for the notification
a) Position/status Chief 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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 4,017 Exercise of options
£13.13463 4,017 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£10.04 4,017 Exercise of options
- Aggregated volume £52,761.81 4,017 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£10.04 4,017 Exercise of options
£52,761.81 4,017 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Wade
2 Reason for the notification
a) Position/status Chief Marketing and Product 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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 3,673 Exercise of options
£13.13463 1,736 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£9.18 3,673 Exercise of options
- Aggregated volume £22,801.72 1,736 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£9.18 3,673 Exercise of options
£22,801.72 1,736 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Bradford
2 Reason for the notification
a) Position/status Chief People 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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 1,751 Exercise of options
£13.13463 828 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£4.38 1,751 Exercise of options
- Aggregated volume £10,875.47 828 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£4.38 1,751 Exercise of options
£10,875.47 828 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Gerben Wijbenga
2 Reason for the notification
a) Position/status Chief Executive Officer - Northern Europe
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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares following exercise of LTIP options
c) Price(s) and volume(s) Price(s) Volume(s)
£0.0025 1,975 Exercise of options
£13.13463 983 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£4.94 1,975 Exercise of options
- Aggregated volume £12,911.34 983 Sale of Ordinary Shares
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£4.94 1,975 Exercise of options
£12,911.34 983 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
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 - Gamma Business
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 Ordinary Shares of 0.25p each in Gamma Communications plc
Identification code
Identification code (ISIN) for Gamma Communications plc ordinary
shares: GB00BQS10J50
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
£13.13463 14,580 Sale of Ordinary Shares
d) Aggregated information Price(s) Volume(s)
£191,502.91 14,580 Sale of Ordinary Shares
- Aggregated volume
- Price
e) Date of the transaction 29 April 2024
f) Place of the transaction AIMX
d)
Aggregated information
- Aggregated volume
- Price
Price(s) Volume(s)
£191,502.91 14,580 Sale of Ordinary Shares
e)
Date of the transaction
29 April 2024
f)
Place of the transaction
AIMX
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