Gamma Communications PLC has announced the purchase of 16,978 of its ordinary shares of 0.25 pence each through Investec Bank plc. The lowest price per share was 1,302 pence, the highest was 1,318 pence, and the weighted average price per day was 1,312.6427 pence. The company intends to hold the purchased shares in treasury. Following this transaction, the company now has 367,141 ordinary shares held in treasury and 97,133,248 ordinary shares in issue, excluding treasury shares.

The detailed information about the purchases made as part of the buyback program includes the volume-weighted average price, aggregated volume, lowest and highest price per share, and individual transactions made by Investec on behalf of the company. The individual trades include the date and time of each trade, the number of shares purchased, the price per share, the trading venue, and the transaction reference number.

The buyback program was announced by the company on 25th March 2024. The company's decision to repurchase its own shares indicates its confidence in its financial position and long-term growth prospects. This move can also enhance shareholder value by reducing the number of outstanding shares in the market.