Gamma Communications PLC announced that Chris Bradford, the Chief People Officer, has purchased 10 ordinary shares of 0.25 pence each on 12 August 2024 under the company's Share Incentive Plan (SIP). The purchase price was 1529.24 pence. The SIP is available to all permanent employees with at least one month's service, allowing them to buy shares on a monthly basis, which are held in a trust. If the shares are held in the trust for five years, subsequent sales receive favorable tax treatment.
The SIP is part of the company's efforts to involve employees in the ownership of the business. This aligns with the company's commitment to fostering a sense of ownership and engagement among its workforce. The SIP is designed to provide employees with a stake in the company's performance and success, thereby promoting a shared interest in achieving the company's objectives.
The Share Incentive Plan is a means of rewarding and retaining employees, as well as aligning their interests with those of the company and its shareholders. This initiative is in line with the company's strategy to create a motivated and committed workforce, ultimately contributing to the company's long-term success.
This transaction falls under the notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. The details of the transaction, including the financial instrument, nature of the transaction, price, and volume, have been disclosed in accordance with regulatory requirements.
For further information, interested parties can contact Gamma Communications PLC directly or its appointed advisors.