Gamma Communications PLC has announced the granting of share options over ordinary shares of 0.25 pence each in the company to persons discharging managerial responsibility (PDMR) pursuant to the Gamma Savings Related Share Option Scheme. The options were granted with an exercise price of £10.80 per share and will mature on 1 July 2027 in accordance with the rules of the Scheme. The Scheme was offered to all UK employees on 9 April 2024, enabling them to save for three years and then use the proceeds to exercise share options within a six-month window.
The Chief Technology Officer, Colin Lees, was granted 1,717 share options, while the Chief Marketing and Product Officer, Chris Wade, was granted 687 share options. The company's CEO, CFO, and Company Secretary can be contacted for further information. Investec Bank plc and Teneo are listed as the company's NOMAD & Broker and PR Adviser, respectively.
The details of the transactions by the PDMRs, Colin Lees and Chris Wade, were disclosed, including the nature of the transaction, the price, volume, date, and place of the transaction. The transactions were conducted outside a trading venue on 8 May 2024. This notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them were made in accordance with regulatory requirements.
This announcement provides insight into the company's commitment to incentivizing and rewarding its employees through the granting of share options, aligning their interests with the long-term success of Gamma Communications PLC.