Gamma Communications plc has announced the purchase of 14,052 of its ordinary shares of 0.25 pence each through Investec Bank plc. The lowest price per share was 1,458 pence, the highest was 1,476 pence, and the weighted average price per day was 1,464.5377 pence. The company intends to hold the purchased shares in treasury. Following this transaction, the company now has 477,640 ordinary shares held in treasury and 97,022,749 ordinary shares in issue, excluding treasury shares.

The purchases were made as part of the buyback program announced by the company on 25th March 2024. The detailed breakdown of the individual trades made by Investec on behalf of the company as part of the program is provided, including 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 company's decision to repurchase its own shares indicates its confidence in its financial position and long-term outlook. This move can also be seen as a way to enhance shareholder value and potentially boost the company's stock price.