BlackRock, Inc. has notified Gamma Communications PLC that it has acquired voting rights in the company. As of December 27, 2023, BlackRock holds 10.24% of the voting rights in Gamma Communications. This represents a decrease from its previous position of 10.88%. The total number of voting rights held by BlackRock is 10,711,364.
In addition to the voting rights, BlackRock also holds financial instruments that have a similar economic effect to voting rights. These include securities lending and cash-settled contracts for difference (CFDs). The securities lending arrangement allows BlackRock to acquire an additional 28,146 voting rights, representing 0.02% of the total voting rights. The CFDs held by BlackRock give it the right to acquire 700,961 voting rights, representing 0.71% of the total voting rights.
BlackRock, Inc. is the ultimate controlling entity and is not controlled by any natural person or legal entity. It has a chain of controlled undertakings through which the voting rights and financial instruments are effectively held. These include BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock International Holdings, Inc., and other entities.
No information is provided regarding proxy voting or the identity of the proxy holder.
This notification of major holdings in Gamma Communications PLC by BlackRock, Inc. is in accordance with the standard form for notification of major holdings.