Gamma Communications PLC Exercise of Options (7486K)

TIDMGAMA

RNS Number : 7486K

Gamma Communications PLC

23 September 2016

23 Sept 2016

Gamma Communications plc

("Gamma Communications plc" or the "Company")

Exercise of Options and Director's and PDMR's Shareholdings

The Company has been informed that Andrew Stone, a Non-Executive Director of the Company, sold 150,000 shares in the Company on 21 Sept 2016 at 515p per share. The sale represents 0.2% of the issued share capital of the Company. He has a resultant holding of 1,550,000 shares representing 1.7% of the Company's issued share capital.

The Company also confirms that, following the receipt of a notice of exercise of options from Andrew Morris, a person regarded by the Company as discharging management responsibility, it yesterday issued 138,000 Ordinary Shares of 0.25p each ("New Ordinary Shares"). Andrew Morris sold 188,000 shares in the Company on 22 Sept 2016 at 515p per share.

The Company also confirms that, following the receipt of a notice of exercise of options from an employee, it yesterday issued 50,000 New Ordinary Shares.

Application has been made for 188,000 New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 29 September 2016.

Following the issue of the New Ordinary Shares, the number of Ordinary Shares in issue will increase to 91,751,499. 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 91,751,499 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.

 
 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 the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                  MR ANDREW JONATHAN STONE 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                       NON-EXECUTIVE DIRECTOR 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 b)   Initial notification/Amendment                        INITIAL NOTIFICATION 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 3    Details of the issuer 
---  ----------------------------------------------------------------------------------------------------------------- 
      Gamma Communications plc 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 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      Gamma Communications plc Ordinary Shares of 0.25p each 
       instrument                                            ------------------------------------------------------- 
                                                              ISIN: GB00BQS10J50 
       Identification code                                   ------------------- 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 b)   Nature of the transaction                             SALE OF ORDINARY SHARES OF 
                                                             0.25p EACH 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 c)   Price(s) and volume(s)                                 Price(s)    Volume(s) 
                                                             ----------  ---------- 
                                                              GBP5.15     150,000 
                                                             ----------  ---------- 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume 
           ------------------ 
 
        -   Price 
           ------ 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 e)   Date of the transaction                               21-09-2016 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 f)   Place of the transaction                              London Stock Exchange (XLON) 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                  Andrew John Morris 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                       Managing Director Service and 
                                                             Operations 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 b)   Initial notification/Amendment                        Initial 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 3    Details of the issuer 
---  ----------------------------------------------------------------------------------------------------------------- 
      Gamma Communications plc 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 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      Gamma Communications plc Ordinary Shares of 0.25p each 
       instrument                                            ------------------------------------------------------- 
                                                              ISIN: GB00BQS10J50 
       Identification code                                   ------------------- 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 b)   Nature of the transaction                             Sale 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 c)   Price(s) and volume(s)                                 Price(s)    Volume(s) 
                                                             ----------  ---------- 
                                                              GBP5.15     188,000 
                                                             ----------  ---------- 
                                                             N/A 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume          N/A 
           ------------------ 
 
        -   Price 
           ------ 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 e)   Date of the transaction                               22-09-2016 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 f)   Place of the transaction                              London Stock Exchange (XLON) 
---  ----------------------------------------------------  ----------------------------------------------------------- 
 

This information is provided by RNS

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September 23, 2016 13:11 ET (17:11 GMT)