Gamma Communications PLC has announced the purchase of 15,264 of its ordinary shares of 0.25 pence each through Investec Bank plc. The shares were bought at prices ranging from 1,448 pence to 1,466 pence per share, with a weighted average price of 1,456.9307 pence per share. The company intends to hold the purchased shares in treasury. Following this transaction, the company now has 521,759 ordinary shares held in treasury and 96,978,630 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 were made on 30th May 2024, with varying numbers of shares purchased at different prices per share on the XLON trading venue.

The company's announcement of purchasing its own shares is in line with the buyback program announced on 25th March 2024. This move indicates the company's confidence in its financial position and a strategic approach to capital management.