Gamma Communications PLC has announced the granting of a nil cost share option over ordinary shares to John Murphy, a person discharging managerial responsibilities (PDMR) in the company. This grant is in light of his internal promotion and is pursuant to the Gamma Long Term Incentive Plan approved on 17 May 2023. The option consists of 1,459 ordinary shares of 0.25 pence each in the company, with a nil exercise price. The performance conditions for this award remain the same as previously set out.
The company's Chief Executive Officer, Andrew Belshaw, and Chief Financial Officer, Bill Castell, are available for any inquiries regarding this announcement. Investec Bank plc and Teneo are also listed as contacts for further information.
The notification and public disclosure of the transaction by persons discharging managerial responsibilities and persons closely associated with them are detailed in the announcement. The transaction, which took place on 18 June 2024, involves the award of options over Ordinary Shares of 0.25p each under the Gamma Long Term Incentive Plan. The notification includes specific details of the financial instrument, nature of the transaction, price, volume, and date of the transaction.
This announcement provides insight into the company's internal promotions and its adherence to the Gamma Long Term Incentive Plan, offering transparency to stakeholders and investors.