REG - Gamma Communications - Transaction in Own Shares
20/05/2026 07:00
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RNS Number : 9693E Gamma Communications PLC 20 May 2026
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
20 May 2026
Gamma Communications plc
Transaction in Own Shares and Rule 2.9 Announcement
Gamma Communications plc ("Gamma" or the "Company") announces today that in
accordance with the terms of its share buyback programme announced on 13
January 2026 (the "Buyback Programme"), it has purchased the following number
of its ordinary shares of 0.25 pence each ("ordinary shares") through Investec
Bank plc ("Investec").
Ordinary shares
Date of purchase: 19 May 2026
Number of ordinary shares purchased: 23,500
Lowest price per share (pence): 973.50
Highest price per share (pence): 998.00
Weighted average price per day (pence): 987.7346
The Company intends to cancel the purchased ordinary shares.
Following settlement of the above purchases, Gamma has purchased a total of
1,715,776 ordinary shares since the commencement of the buyback programme and
will have 92,048,575 ordinary shares in issue. There are 1,578,525 ordinary
shares held in treasury. The total voting rights in the Company are therefore
90,470,050 and this can be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Rule 2.9
The Company announced on 7 April 2026 that it had entered into an offer
period. The ordinary shares are relevant securities of Gamma for the purposes
of Rule 8 of The City Code on Takeovers and Mergers (the "Code"). In
accordance with Rule 2.9 of the Code, the Company confirms that it has
90,470,050 ordinary shares in issue (excluding treasury shares) as at the date
and time of this announcement. The ordinary shares are voting shares (each
such ordinary share carries one vote per ordinary share) and are admitted to
trading on the main market of the London Stock Exchange under the
International Securities Identification Number GB00BQS10J50 and the Company's
LEI number is 213800LAQZXPRIZUEH50.
Aggregate information:
Venue Volume-weighted average price (p) Aggregated volume Lowest price per share (p) Highest price per share (p)
XLON 987.7346 23,500 973.50 998.00
Schedule of Purchases - Individual Transactions
In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No
596/2014 as it forms part of UK law, a full breakdown of the individual trades
made by Investec on behalf of the Company as part of the Programme is found
below.
Date and time of each trade Number of shares purchased Price (pence per share) Trading Venue Transaction Reference Number
19 May 2026 08:07:16 79 997.50 XLON 00394685768TRLO1
19 May 2026 08:09:48 79 997.50 XLON 00394688218TRLO1
19 May 2026 08:09:48 2 997.50 XLON 00394688219TRLO1
19 May 2026 08:12:47 77 997.00 XLON 00394691579TRLO1
19 May 2026 08:17:07 78 995.00 XLON 00394695605TRLO1
19 May 2026 08:17:07 77 995.00 XLON 00394695606TRLO1
19 May 2026 08:22:17 80 994.00 XLON 00394700030TRLO1
19 May 2026 08:30:25 80 993.50 XLON 00394706622TRLO1
19 May 2026 08:36:39 77 992.00 XLON 00394711857TRLO1
19 May 2026 08:39:53 77 990.00 XLON 00394714734TRLO1
19 May 2026 08:43:00 78 990.00 XLON 00394717350TRLO1
19 May 2026 08:47:38 7 991.00 XLON 00394721505TRLO1
19 May 2026 08:51:51 76 990.50 XLON 00394725281TRLO1
19 May 2026 09:00:35 83 993.00 XLON 00394733509TRLO1
19 May 2026 09:00:35 343 993.00 XLON 00394733510TRLO1
19 May 2026 09:00:35 444 993.00 XLON 00394733511TRLO1
19 May 2026 09:04:54 40 995.50 XLON 00394737688TRLO1
19 May 2026 09:05:20 40 995.50 XLON 00394738018TRLO1
19 May 2026 09:05:20 38 995.50 XLON 00394738019TRLO1
19 May 2026 09:06:35 34 995.50 XLON 00394739161TRLO1
19 May 2026 09:06:35 31 995.50 XLON 00394739162TRLO1
19 May 2026 09:06:35 76 994.50 XLON 00394739163TRLO1
19 May 2026 09:06:35 76 995.00 XLON 00394739164TRLO1
19 May 2026 09:06:35 136 995.00 XLON 00394739165TRLO1
19 May 2026 09:08:35 78 993.50 XLON 00394741304TRLO1
19 May 2026 09:12:23 40 993.50 XLON 00394744872TRLO1
19 May 2026 09:12:23 40 993.50 XLON 00394744873TRLO1
19 May 2026 09:19:35 79 995.00 XLON 00394753035TRLO1
19 May 2026 09:23:50 78 994.00 XLON 00394756894TRLO1
19 May 2026 09:24:11 77 993.00 XLON 00394757292TRLO1
19 May 2026 09:25:24 77 992.50 XLON 00394758688TRLO1
19 May 2026 09:26:23 79 992.00 XLON 00394759727TRLO1
19 May 2026 09:33:34 76 996.50 XLON 00394767750TRLO1
19 May 2026 09:52:56 62 998.00 XLON 00394791110TRLO1
19 May 2026 09:55:17 14 998.00 XLON 00394793557TRLO1
19 May 2026 09:55:17 62 998.00 XLON 00394793558TRLO1
19 May 2026 10:15:45 20 998.00 XLON 00394817378TRLO1
19 May 2026 10:15:45 75 998.00 XLON 00394817379TRLO1
19 May 2026 10:15:45 54 998.00 XLON 00394817380TRLO1
19 May 2026 10:16:18 78 997.50 XLON 00394818059TRLO1
19 May 2026 10:17:06 80 997.00 XLON 00394819105TRLO1
19 May 2026 10:17:11 78 998.00 XLON 00394819209TRLO1
19 May 2026 10:17:11 385 998.00 XLON 00394819210TRLO1
19 May 2026 10:17:13 78 997.00 XLON 00394819249TRLO1
19 May 2026 10:17:57 79 996.50 XLON 00394820404TRLO1
19 May 2026 10:17:57 81 995.50 XLON 00394820405TRLO1
19 May 2026 10:17:57 81 995.00 XLON 00394820407TRLO1
19 May 2026 10:17:58 81 994.00 XLON 00394820436TRLO1
19 May 2026 10:17:58 79 994.00 XLON 00394820437TRLO1
19 May 2026 10:18:33 80 993.00 XLON 00394821303TRLO1
19 May 2026 10:19:00 81 992.50 XLON 00394821961TRLO1
19 May 2026 10:49:01 11 991.00 XLON 00394865916TRLO1
19 May 2026 10:58:16 78 997.50 XLON 00394881434TRLO1
19 May 2026 10:58:16 81 997.00 XLON 00394881435TRLO1
19 May 2026 10:58:18 82 996.50 XLON 00394881451TRLO1
19 May 2026 10:58:22 43 996.50 XLON 00394881468TRLO1
19 May 2026 10:58:22 37 996.50 XLON 00394881469TRLO1
19 May 2026 10:58:22 81 996.50 XLON 00394881470TRLO1
19 May 2026 10:58:30 150 996.00 XLON 00394881521TRLO1
19 May 2026 10:58:42 158 995.50 XLON 00394881634TRLO1
19 May 2026 10:59:06 155 995.00 XLON 00394881759TRLO1
19 May 2026 11:01:03 79 994.00 XLON 00394882095TRLO1
19 May 2026 11:04:05 76 996.00 XLON 00394882319TRLO1
19 May 2026 11:14:29 97 998.00 XLON 00394882636TRLO1
19 May 2026 11:14:45 159 997.00 XLON 00394882650TRLO1
19 May 2026 11:16:55 78 996.00 XLON 00394882705TRLO1
19 May 2026 11:20:30 79 995.50 XLON 00394882917TRLO1
19 May 2026 11:20:31 76 995.00 XLON 00394882919TRLO1
19 May 2026 11:21:35 29 997.50 XLON 00394882987TRLO1
19 May 2026 11:21:35 25 997.50 XLON 00394882988TRLO1
19 May 2026 11:21:35 14 997.50 XLON 00394882989TRLO1
19 May 2026 11:21:35 80 998.00 XLON 00394882990TRLO1
19 May 2026 11:21:35 12 997.50 XLON 00394882991TRLO1
19 May 2026 11:21:36 80 998.00 XLON 00394883024TRLO1
19 May 2026 11:22:03 74 997.00 XLON 00394883033TRLO1
19 May 2026 11:22:03 75 997.00 XLON 00394883034TRLO1
19 May 2026 11:22:03 76 996.50 XLON 00394883035TRLO1
19 May 2026 11:22:03 76 996.00 XLON 00394883036TRLO1
19 May 2026 11:22:03 81 995.00 XLON 00394883037TRLO1
19 May 2026 11:22:03 81 993.00 XLON 00394883038TRLO1
19 May 2026 11:22:03 82 993.00 XLON 00394883039TRLO1
19 May 2026 11:22:03 82 992.50 XLON 00394883040TRLO1
19 May 2026 11:22:04 82 991.50 XLON 00394883042TRLO1
19 May 2026 11:22:05 78 990.50 XLON 00394883043TRLO1
19 May 2026 11:22:42 112 991.00 XLON 00394883054TRLO1
19 May 2026 11:22:43 163 991.50 XLON 00394883055TRLO1
19 May 2026 11:23:29 159 994.00 XLON 00394883080TRLO1
19 May 2026 11:25:29 149 993.00 XLON 00394883162TRLO1
19 May 2026 11:26:01 158 992.50 XLON 00394883174TRLO1
19 May 2026 11:27:37 28 992.00 XLON 00394883240TRLO1
19 May 2026 11:27:37 51 992.00 XLON 00394883241TRLO1
19 May 2026 11:29:38 77 991.50 XLON 00394883288TRLO1
19 May 2026 11:30:28 77 990.50 XLON 00394883323TRLO1
19 May 2026 11:38:07 76 997.50 XLON 00394883595TRLO1
19 May 2026 11:38:07 75 997.50 XLON 00394883596TRLO1
19 May 2026 11:38:07 77 996.50 XLON 00394883597TRLO1
19 May 2026 11:38:18 77 995.00 XLON 00394883615TRLO1
19 May 2026 11:38:19 80 994.50 XLON 00394883628TRLO1
19 May 2026 11:38:19 76 994.50 XLON 00394883632TRLO1
19 May 2026 11:38:19 76 994.50 XLON 00394883633TRLO1
19 May 2026 11:38:19 76 994.50 XLON 00394883636TRLO1
19 May 2026 11:38:45 79 994.00 XLON 00394883685TRLO1
19 May 2026 11:41:21 73 993.50 XLON 00394883783TRLO1
19 May 2026 11:43:42 73 993.50 XLON 00394883902TRLO1
19 May 2026 11:43:42 6 993.50 XLON 00394883903TRLO1
19 May 2026 11:44:03 78 993.00 XLON 00394883928TRLO1
19 May 2026 11:52:09 80 994.50 XLON 00394884682TRLO1
19 May 2026 11:58:26 79 994.00 XLON 00394885021TRLO1
19 May 2026 11:58:36 25 993.50 XLON 00394885033TRLO1
19 May 2026 11:58:36 50 993.50 XLON 00394885034TRLO1
19 May 2026 12:00:09 76 993.00 XLON 00394885097TRLO1
19 May 2026 12:00:09 75 993.00 XLON 00394885098TRLO1
19 May 2026 12:03:52 53 993.00 XLON 00394885243TRLO1
19 May 2026 12:03:52 10 993.00 XLON 00394885244TRLO1
19 May 2026 12:03:52 9 993.00 XLON 00394885245TRLO1
19 May 2026 12:20:08 78 992.50 XLON 00394885819TRLO1
19 May 2026 12:38:25 11 991.50 XLON 00394886419TRLO1
19 May 2026 12:38:25 8 991.50 XLON 00394886420TRLO1
19 May 2026 12:38:25 8 991.50 XLON 00394886421TRLO1
19 May 2026 12:38:25 51 991.50 XLON 00394886422TRLO1
19 May 2026 12:38:25 77 991.50 XLON 00394886423TRLO1
19 May 2026 12:38:25 77 991.50 XLON 00394886424TRLO1
19 May 2026 12:38:25 27 991.00 XLON 00394886425TRLO1
19 May 2026 12:38:25 205 991.00 XLON 00394886426TRLO1
19 May 2026 12:38:28 243 991.00 XLON 00394886428TRLO1
19 May 2026 12:42:16 78 990.50 XLON 00394886527TRLO1
19 May 2026 12:42:16 75 989.50 XLON 00394886528TRLO1
19 May 2026 12:42:37 49 990.50 XLON 00394886540TRLO1
19 May 2026 12:42:37 26 990.50 XLON 00394886541TRLO1
19 May 2026 12:46:59 76 990.00 XLON 00394886688TRLO1
19 May 2026 12:46:59 77 990.00 XLON 00394886689TRLO1
19 May 2026 12:46:59 76 990.00 XLON 00394886692TRLO1
19 May 2026 12:47:56 230 990.50 XLON 00394886739TRLO1
19 May 2026 12:53:03 75 992.00 XLON 00394887027TRLO1
19 May 2026 12:55:14 80 991.50 XLON 00394887108TRLO1
19 May 2026 12:55:14 79 991.50 XLON 00394887109TRLO1
19 May 2026 12:58:57 154 991.00 XLON 00394887207TRLO1
19 May 2026 12:59:19 159 990.00 XLON 00394887225TRLO1
19 May 2026 13:01:06 75 989.50 XLON 00394887318TRLO1
19 May 2026 13:01:06 150 989.50 XLON 00394887319TRLO1
19 May 2026 13:14:33 233 990.00 XLON 00394887824TRLO1
19 May 2026 13:14:33 17 990.00 XLON 00394887825TRLO1
19 May 2026 13:14:33 60 990.00 XLON 00394887826TRLO1
19 May 2026 13:14:33 56 990.00 XLON 00394887827TRLO1
19 May 2026 13:14:33 21 990.00 XLON 00394887828TRLO1
19 May 2026 13:14:33 78 990.00 XLON 00394887829TRLO1
19 May 2026 13:14:33 77 990.00 XLON 00394887830TRLO1
19 May 2026 13:14:33 77 990.00 XLON 00394887831TRLO1
19 May 2026 13:14:33 78 990.00 XLON 00394887832TRLO1
19 May 2026 13:20:33 79 991.50 XLON 00394888182TRLO1
19 May 2026 13:33:05 3 991.00 XLON 00394888647TRLO1
19 May 2026 13:33:05 77 991.00 XLON 00394888648TRLO1
19 May 2026 13:33:05 80 991.00 XLON 00394888649TRLO1
19 May 2026 13:36:56 160 991.00 XLON 00394888883TRLO1
19 May 2026 13:37:16 154 990.50 XLON 00394888901TRLO1
19 May 2026 13:44:32 234 990.00 XLON 00394889216TRLO1
19 May 2026 13:44:32 155 989.50 XLON 00394889217TRLO1
19 May 2026 13:44:32 154 989.50 XLON 00394889218TRLO1
19 May 2026 13:44:32 155 989.00 XLON 00394889222TRLO1
19 May 2026 13:44:32 156 988.50 XLON 00394889223TRLO1
19 May 2026 13:44:32 79 989.00 XLON 00394889247TRLO1
19 May 2026 13:45:40 8 990.00 XLON 00394889360TRLO1
19 May 2026 13:45:40 142 990.00 XLON 00394889361TRLO1
19 May 2026 13:46:20 136 990.00 XLON 00394889394TRLO1
19 May 2026 13:46:20 13 990.00 XLON 00394889395TRLO1
19 May 2026 13:47:00 81 988.50 XLON 00394889417TRLO1
19 May 2026 13:47:45 77 989.00 XLON 00394889461TRLO1
19 May 2026 13:47:46 78 988.50 XLON 00394889462TRLO1
19 May 2026 13:48:15 76 988.00 XLON 00394889486TRLO1
19 May 2026 13:55:03 303 987.50 XLON 00394889711TRLO1
19 May 2026 13:55:03 76 987.50 XLON 00394889712TRLO1
19 May 2026 14:03:43 77 986.50 XLON 00394890223TRLO1
19 May 2026 14:10:45 79 985.00 XLON 00394890811TRLO1
19 May 2026 14:10:46 76 985.00 XLON 00394890812TRLO1
19 May 2026 14:12:00 80 985.50 XLON 00394890903TRLO1
19 May 2026 14:12:00 79 985.50 XLON 00394890904TRLO1
19 May 2026 14:12:00 159 986.00 XLON 00394890905TRLO1
19 May 2026 14:16:15 76 986.50 XLON 00394891147TRLO1
19 May 2026 14:17:47 75 986.00 XLON 00394891220TRLO1
19 May 2026 14:17:47 75 986.00 XLON 00394891221TRLO1
19 May 2026 14:20:52 75 985.00 XLON 00394891423TRLO1
19 May 2026 14:20:52 152 985.00 XLON 00394891424TRLO1
19 May 2026 14:25:17 81 985.50 XLON 00394891776TRLO1
19 May 2026 14:32:14 161 985.00 XLON 00394892385TRLO1
19 May 2026 14:32:14 81 985.00 XLON 00394892386TRLO1
19 May 2026 14:32:14 80 985.00 XLON 00394892387TRLO1
19 May 2026 14:33:51 239 984.50 XLON 00394892539TRLO1
19 May 2026 14:35:44 156 981.00 XLON 00394892796TRLO1
19 May 2026 14:48:24 79 979.50 XLON 00394894106TRLO1
19 May 2026 14:48:28 81 979.50 XLON 00394894109TRLO1
19 May 2026 14:53:20 78 980.00 XLON 00394894443TRLO1
19 May 2026 14:53:21 82 980.00 XLON 00394894444TRLO1
19 May 2026 14:57:01 81 981.50 XLON 00394894801TRLO1
19 May 2026 14:57:01 81 981.50 XLON 00394894802TRLO1
19 May 2026 14:58:22 157 982.00 XLON 00394894864TRLO1
19 May 2026 14:59:56 46 982.00 XLON 00394894954TRLO1
19 May 2026 15:01:23 80 981.50 XLON 00394895089TRLO1
19 May 2026 15:02:38 78 981.50 XLON 00394895209TRLO1
19 May 2026 15:08:23 75 980.50 XLON 00394896174TRLO1
19 May 2026 15:10:39 150 982.50 XLON 00394896335TRLO1
19 May 2026 15:13:16 154 982.00 XLON 00394896505TRLO1
19 May 2026 15:18:09 79 980.50 XLON 00394896944TRLO1
19 May 2026 15:20:46 81 980.50 XLON 00394897192TRLO1
19 May 2026 15:20:47 81 980.00 XLON 00394897194TRLO1
19 May 2026 15:20:54 81 978.50 XLON 00394897200TRLO1
19 May 2026 15:25:21 80 977.50 XLON 00394897755TRLO1
19 May 2026 15:25:21 81 977.50 XLON 00394897756TRLO1
19 May 2026 15:25:21 160 977.50 XLON 00394897757TRLO1
19 May 2026 15:25:21 80 977.50 XLON 00394897758TRLO1
19 May 2026 15:25:21 80 977.50 XLON 00394897759TRLO1
19 May 2026 15:27:44 297 976.50 XLON 00394897998TRLO1
19 May 2026 15:27:44 20 976.50 XLON 00394897999TRLO1
19 May 2026 15:31:32 158 976.00 XLON 00394898406TRLO1
19 May 2026 15:44:40 156 977.00 XLON 00394899312TRLO1
19 May 2026 15:45:46 154 976.50 XLON 00394899414TRLO1
19 May 2026 15:47:22 32 976.00 XLON 00394899573TRLO1
19 May 2026 15:47:22 98 976.00 XLON 00394899574TRLO1
19 May 2026 15:47:22 31 976.00 XLON 00394899575TRLO1
19 May 2026 15:47:22 81 976.00 XLON 00394899576TRLO1
19 May 2026 15:48:12 31 975.50 XLON 00394899631TRLO1
19 May 2026 15:48:12 130 975.50 XLON 00394899632TRLO1
19 May 2026 15:48:37 155 975.00 XLON 00394899664TRLO1
19 May 2026 15:53:06 158 974.50 XLON 00394900276TRLO1
19 May 2026 15:53:07 150 974.00 XLON 00394900279TRLO1
19 May 2026 15:56:41 153 973.50 XLON 00394900620TRLO1
19 May 2026 15:56:41 77 973.50 XLON 00394900621TRLO1
19 May 2026 16:00:27 310 974.50 XLON 00394900985TRLO1
19 May 2026 16:02:10 162 974.50 XLON 00394901249TRLO1
19 May 2026 16:03:46 153 976.50 XLON 00394901347TRLO1
19 May 2026 16:03:56 156 976.00 XLON 00394901364TRLO1
19 May 2026 16:07:52 56 980.50 XLON 00394901856TRLO1
19 May 2026 16:07:52 16 980.50 XLON 00394901857TRLO1
19 May 2026 16:07:52 84 981.00 XLON 00394901858TRLO1
19 May 2026 16:07:52 151 980.00 XLON 00394901859TRLO1
19 May 2026 16:07:52 155 979.00 XLON 00394901860TRLO1
19 May 2026 16:07:52 155 978.50 XLON 00394901861TRLO1
19 May 2026 16:07:52 156 978.00 XLON 00394901862TRLO1
19 May 2026 16:07:52 158 977.50 XLON 00394901863TRLO1
19 May 2026 16:07:52 159 977.00 XLON 00394901864TRLO1
19 May 2026 16:07:53 80 976.00 XLON 00394901866TRLO1
19 May 2026 16:08:47 19 977.00 XLON 00394901955TRLO1
19 May 2026 16:08:47 38 977.00 XLON 00394901956TRLO1
19 May 2026 16:09:13 157 977.00 XLON 00394902004TRLO1
19 May 2026 16:09:13 78 977.00 XLON 00394902005TRLO1
19 May 2026 16:09:13 86 978.00 XLON 00394902006TRLO1
19 May 2026 16:10:11 227 978.00 XLON 00394902128TRLO1
19 May 2026 16:10:19 76 977.00 XLON 00394902172TRLO1
19 May 2026 16:11:19 81 976.50 XLON 00394902248TRLO1
19 May 2026 16:16:14 75 976.00 XLON 00394902746TRLO1
19 May 2026 16:17:10 79 975.00 XLON 00394902843TRLO1
19 May 2026 16:19:42 77 975.00 XLON 00394903270TRLO1
19 May 2026 16:19:42 76 975.00 XLON 00394903271TRLO1
19 May 2026 16:19:53 76 974.50 XLON 00394903303TRLO1
Enquiries:
Gamma Communications plc +44 (0) 33 3006 5972
Martin Hellawell, Chair
Andrew Belshaw, Chief Executive Officer
Rachael Matzopoulos, Company Secretary
Barclays Bank PLC, acting through its Investment Bank +44 (0) 20 7623 2323
(Lead Financial Adviser)
Alastair Blackman / Alex Evans / Callum West / Michael Hart
Q Advisors (Joint Financial Adviser) +1 720 837 3214
Michael Quinn / Kristian MacCarter
Investec (Joint Financial Adviser and Joint Broker) +44 (0) 20 7597 5970
Patrick Robb / Virginia Bull
Peel Hunt (Joint Financial Adviser and Joint Broker) +44 (0) 20 7418 8900
Neil Patel / Alice Lane / Benjamin Cryer
Teneo (Financial PR Adviser) +44 (0) 20 7260 2700
James Macey White / Matt Low
Disclaimer
Barclays Bank PLC, acting through its Investment Bank ("Barclays"), which is
authorised by the Prudential Regulation Authority and regulated in the United
Kingdom by the Financial Conduct Authority and the Prudential Regulation
Authority, is acting exclusively for Gamma and no one else in connection with
the matters set out in this announcement and will not be responsible to anyone
other than Gamma for providing the protections afforded to clients of Barclays
nor for providing advice in relation to any matter referred to in this
announcement.
Investec Bank plc ("Investec"), which is authorised by the Prudential
Regulation Authority (the "PRA") and regulated by the Financial Conduct
Authority and PRA in the United Kingdom, is acting exclusively for Gamma and
for no one else in connection with the matters set out in this announcement
and will not be responsible to any person other than Gamma for providing the
protections afforded to clients of Investec, nor for providing advice in
relation to any matter referred to in this announcement. Neither Investec nor
any of its subsidiaries, branches or affiliates owes or accepts any duty,
liability or responsibility whatsoever (whether direct or indirect, whether in
contract, in tort, under statute or otherwise) to any person who is not a
client of Investec in connection with this announcement, any statement
contained herein or otherwise.
Peel Hunt LLP is authorised and regulated in the United Kingdom by the
Financial Conduct Authority and is acting exclusively for Gamma and no one
else in connection with the matters set out in this announcement and will not
be responsible to anyone other than Gamma for providing the protections
afforded to clients of Peel Hunt LLP nor for providing advice in relation to
any matter referred to in this announcement.
In accordance with the Code, normal United Kingdom market practice and Rule
14e-5(b) of the Securities Exchange Act 1934 of the United States, Barclays,
Investec, Peel Hunt and its affiliates will continue to act as exempt
principal traders in Gamma securities on the London Stock Exchange. These
purchases and activities by exempt principal traders which are required to be
made public in the United Kingdom pursuant to the Code will be reported to a
Regulatory Information Service and will be available on the London Stock
Exchange website at www.londonstockexchange.com. This information will also be
publicly disclosed in the United States to the extent that such information is
made public in the United Kingdom.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any securities
exchange offeror (being any offeror other than an offeror in respect of which
it has been announced that its offer is, or is likely to be, solely in cash)
must make an Opening Position Disclosure following the commencement of the
offer period and, if later, following the announcement in which any securities
exchange offeror is first identified. An Opening Position Disclosure must
contain details of the person's interests and short positions in, and rights
to subscribe for, any relevant securities of each of (i) the offeree company
and (ii) any securities exchange offeror(s). An Opening Position Disclosure by
a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm
(London time) on the 10th business day following the commencement of the offer
period and, if appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities exchange
offeror is first identified. Relevant persons who deal in the relevant
securities of the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead make a
Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
securities exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any securities
exchange offeror. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree company and
(ii) any securities exchange offeror(s), save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure by a person
to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London
time) on the business day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule 8.3.Opening Position
Disclosures must also be made by the offeree company and by any offeror and
Dealing Disclosures must also be made by the offeree company, by any offeror
and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0) 20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
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