Gamma Communications PLC Exercise of Options and Director/PDMR Shareholding (7223E)

TIDMGAMA

RNS Number : 7223E

Gamma Communications PLC

10 May 2017

10 May 2017

Gamma Communications plc

Exercise of Options and Director/PDMR Shareholding

The Company confirms that, following the receipt of notices of exercise of options from employees, an ex-employee and three Directors, it has approved the issue of 1,224,949 Ordinary Shares (the "New Ordinary Shares").

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 16 May 2017.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 93,249,440. 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 93,249,440 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 the 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 9 May 2017 at 545p in the quantities shown below:

Directors

-- Richard Bligh (Director of Business Development for the Company) exercised options over 179,376 Ordinary Shares in the Company for nil consideration and sold 179,376 shares representing 0.2 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 362,222 Ordinary shares, representing 0.4 per cent of the issued share capital of the Company.

-- Andrew Belshaw CFO of the Company exercised options over 170,732 Ordinary shares in the Company for nil consideration and sold 170,732 Ordinary Shares representing 0.2 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 277,654 Ordinary shares, representing 0.3 per cent of the issued share capital of the Company.

-- Robert Falconer CEO of the Company exercised options over 288,280 Ordinary shares in the Company for nil consideration and sold 288,280 Ordinary Shares representing 0.3 per cent of the Company's issued share capital. His aggregate resultant shareholding in the Company is 3,490,075 Ordinary shares, representing 3.7 per cent of the issued share capital of the Company.

Other persons discharging management responsibility

-- Andrew Morris exercised options over 185,780 Ordinary Shares in the Company for nil consideration and sold 185,780 Ordinary Shares

-- Malcolm Goddard exercised options over 158,536 Ordinary Shares in the Company for nil consideration and sold 74,885 Ordinary Shares

Grant of share options

The Company also announces the following grant of share options over ordinary shares of 0.25 pence each in the Company to the following persons discharging management responsibility and persons closely associated pursuant to the Gamma Savings Related Share Option 2017 Scheme established on 6 Dec 2016.

 
     PDMRs                   No of Options      Exercise 
                                                 price 
 
     Malcolm Goddard          86                GBP4.16 
     David Macfarlane         86                GBP4.16 
    PCA 
     Sarah Macfarlane         86                GBP4.16 
      (PCA of David 
      Macfarlane) 
 

The above options were granted on 9 May 2017 and the scheme was offered to all those who were employees on 1 Feb 2017. It enables the employee to save for three years and then to use the proceeds to exercise share options, such exercise needing to take place within a six month window.

 
 Gamma Communications plc               Tel: +44 (0)333 
  Bob Falconer, Chief Executive          006 5972 
  Officer 
  Andrew Belshaw, Chief Financial 
  Officer 
  Malcolm Goddard, Company 
  Secretary 
 Investec Bank plc (NOMAD               Tel: [phone] 
  & Broker)                              5970 
  Patrick Robb / Matt Lewis 
  Dominic Emery / Sebastian 
  Lawrence 
 

Appendix

 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ========================================================= 
 a)   Name                   Andrew Belshaw 
===  =====================  ================================== 
 b)   Position /             CFO 
       status 
===  =====================  ================================== 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ================================== 
 2.   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            Gamma Communications plc Ordinary 
       of the financial       Shares of 0.25p each 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Sale Of Ordinary Shares of 0.25p 
       the transaction        each 
===  =====================  ================================== 
 
 
 c)    Price(s) and 
        volume(s) 
 
                           Price(s)   Volume(s) 
                          =========  ========== 
                          5.45       170,732 
                          =========  ========== 
====  ===============  =============================== 
 d)    Aggregated 
        information 
        Aggregated 
        volume Price 
====  ===============  =============================== 
       Date of the 
 e)     transaction     9-5-2017 
====  ===============  =============================== 
 f)    Place of the     London Stock Exchange - (XLON) 
        transaction 
====  ===============  =============================== 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ========================================================= 
 a)   Name                   Richard Bligh 
===  =====================  ================================== 
 b)   Position /             Director of Business Development 
       status 
===  =====================  ================================== 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ================================== 
 2.   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            Gamma Communications plc Ordinary 
       of the financial       Shares of 0.25p each 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Sale Of Ordinary Shares of 0.25p 
       the transaction        each 
===  =====================  ================================== 
 
 
 c)    Price(s) and 
        volume(s) 
 
                           Price(s)   Volume(s) 
                          =========  ========== 
                          5.45       179,376 
                          =========  ========== 
====  ===============  =============================== 
 d)    Aggregated 
        information 
        Aggregated 
        volume Price 
====  ===============  =============================== 
       Date of the 
 e)     transaction     9-5-2017 
====  ===============  =============================== 
 f)    Place of the     London Stock Exchange - (XLON) 
        transaction 
====  ===============  =============================== 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ========================================================= 
 a)   Name                   Robert Falconer 
===  =====================  ================================== 
 b)   Position /             CEO 
       status 
===  =====================  ================================== 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ================================== 
 2.   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            Gamma Communications plc Ordinary 
       of the financial       Shares of 0.25p each 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Sale Of Ordinary Shares of 0.25p 
       the transaction        each 
===  =====================  ================================== 
 
 
 c)    Price(s) and 
        volume(s) 
 
                           Price(s)   Volume(s) 
                          =========  ========== 
                          5.45       288,280 
                          =========  ========== 
====  ===============  =============================== 
 d)    Aggregated 
        information 
        Aggregated 
        volume Price 
====  ===============  =============================== 
       Date of the 
 e)     transaction     9-5-2017 
====  ===============  =============================== 
 f)    Place of the     London Stock Exchange - (XLON) 
        transaction 
====  ===============  =============================== 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ========================================================= 
 a)   Name                   Andrew Morris 
===  =====================  ================================== 
 b)   Position /             Managing Director, Service and 
       status                 Operations 

===  =====================  ================================== 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ================================== 
 2.   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            Gamma Communications plc Ordinary 
       of the financial       Shares of 0.25p each 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Sale Of Ordinary Shares of 0.25p 
       the transaction        each 
===  =====================  ================================== 
 
 
 c)    Price(s) and 
        volume(s) 
 
                           Price(s)   Volume(s) 
                          =========  ========== 
                          5.45       185,780 
                          =========  ========== 
====  ===============  =============================== 
 d)    Aggregated 
        information 
        Aggregated 
        volume Price 
====  ===============  =============================== 
       Date of the 
 e)     transaction     9-5-2017 
====  ===============  =============================== 
 f)    Place of the     London Stock Exchange - (XLON) 
        transaction 
====  ===============  =============================== 
 
 
 1.   Details of PDMR / person closely associated 
       with them ('PCA') 
===  ========================================================= 
 a)   Name                   Malcolm Goddard 
===  =====================  ================================== 
 b)   Position /             Company Secretary and Commercial 
       status                 Director 
===  =====================  ================================== 
 c)   Initial notification   Initial Notification 
       / amendment 
===  =====================  ================================== 
 2.   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            Gamma Communications plc Ordinary 
       of the financial       Shares of 0.25p each 
       instrument 
===  =====================  ================================== 
 b)   Nature of              Sale Of Ordinary Shares of 0.25p 
       the transaction        each 
===  =====================  ================================== 
 
 
 c)    Price(s) and 
        volume(s) 
 
                           Price(s)   Volume(s) 
                          =========  ========== 
                          5.45       74,885 
                          =========  ========== 
====  ===============  =============================== 
 d)    Aggregated 
        information 
        Aggregated 
        volume Price 
====  ===============  =============================== 
       Date of the 
 e)     transaction     9-5-2017 
====  ===============  =============================== 
 f)    Place of the     London Stock Exchange - (XLON) 
        transaction 
====  ===============  =============================== 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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