Gamma Communications PLC has announced the exercise of 62,995 Ordinary Shares of 0.25 pence each, which will be satisfied through the transfer of Ordinary Shares from the Company's treasury account. Following the transfer, the Company's issued ordinary share capital consists of 97,500,389 Ordinary Shares, with 330,346 Ordinary Shares held in treasury. The total voting rights in the Company are 97,170,043, with each share entitling the holder to one vote.
In relation to the exercise of options, several PDMRs exercised options and sold the associated Ordinary Shares on 29 April 2024. Andrew Belshaw, the Chief Executive Officer, exercised 16,015 options and sold the same number of Ordinary Shares at £13.13463 per share. Daryl Pile, another PDMR, exercised 5,554 options and sold 2,625 Ordinary Shares at the same price. Additionally, Daryl Pile sold an additional 14,580 Ordinary Shares at £13.13463 per share.
Following the exercise and sale, Andrew Belshaw holds 135,952 Ordinary Shares in the Company, including those held under the Deferred Bonus Plan and net vested but unexercised shares under the LTIP. The Company also disclosed that Daryl Pile, a PDMR, has sold an additional 14,580 Ordinary Shares on 29 April 2024 at £13.13463 per Ordinary Share.
The Company provided details of the transactions by the PDMRs, including the nature of the transaction, price, volume, and date of the transaction. The Company's contact information for further inquiries was also provided.
This announcement provides transparency regarding the exercise of options and PDMR dealing within Gamma Communications PLC, including the specific details of the transactions and the resulting shareholdings of the PDMRs involved.