Gamma Communications PLC Exercise of Options and Director/PDMR Shareholding (7223E)
May 10 2017 - 4:43AM
UK Regulatory
TIDMGAMA
RNS Number : 7223E
Gamma Communications PLC
10 May 2017
10 May 2017
Gamma Communications plc
Exercise of Options and Director/PDMR Shareholding
The Company confirms that, following the receipt of notices of
exercise of options from employees, an ex-employee and three
Directors, it has approved the issue of 1,224,949 Ordinary Shares
(the "New Ordinary Shares").
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on
16 May 2017.
Following the issue of the New Ordinary Shares, the number of
Ordinary Shares in issue will increase to 93,249,440. For the
purposes of the Financial Conduct Authority's Disclosure and
Transparency Rules ("DTRs"), the issued ordinary share capital of
the Company following this allotment consists of 93,249,440
Ordinary Shares with voting rights attached. There are no Shares
held in treasury. This total voting rights figure may be used by
shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interests
in, or a change to their interest in, Gamma Communications plc
under the DTRs.
Pursuant to the above exercise of options, and in part to pay
the option holders' tax due on the exercise, the following option
holders sold Ordinary Shares on 9 May 2017 at 545p in the
quantities shown below:
Directors
-- Richard Bligh (Director of Business Development for the
Company) exercised options over 179,376 Ordinary Shares in the
Company for nil consideration and sold 179,376 shares representing
0.2 per cent of the Company's issued share capital. His aggregate
resultant shareholding in the Company is 362,222 Ordinary shares,
representing 0.4 per cent of the issued share capital of the
Company.
-- Andrew Belshaw CFO of the Company exercised options over
170,732 Ordinary shares in the Company for nil consideration and
sold 170,732 Ordinary Shares representing 0.2 per cent of the
Company's issued share capital. His aggregate resultant
shareholding in the Company is 277,654 Ordinary shares,
representing 0.3 per cent of the issued share capital of the
Company.
-- Robert Falconer CEO of the Company exercised options over
288,280 Ordinary shares in the Company for nil consideration and
sold 288,280 Ordinary Shares representing 0.3 per cent of the
Company's issued share capital. His aggregate resultant
shareholding in the Company is 3,490,075 Ordinary shares,
representing 3.7 per cent of the issued share capital of the
Company.
Other persons discharging management responsibility
-- Andrew Morris exercised options over 185,780 Ordinary Shares
in the Company for nil consideration and sold 185,780 Ordinary
Shares
-- Malcolm Goddard exercised options over 158,536 Ordinary
Shares in the Company for nil consideration and sold 74,885
Ordinary Shares
Grant of share options
The Company also announces the following grant of share options
over ordinary shares of 0.25 pence each in the Company to the
following persons discharging management responsibility and persons
closely associated pursuant to the Gamma Savings Related Share
Option 2017 Scheme established on 6 Dec 2016.
PDMRs No of Options Exercise
price
Malcolm Goddard 86 GBP4.16
David Macfarlane 86 GBP4.16
PCA
Sarah Macfarlane 86 GBP4.16
(PCA of David
Macfarlane)
The above options were granted on 9 May 2017 and the scheme was
offered to all those who were employees on 1 Feb 2017. It enables
the employee to save for three years and then to use the proceeds
to exercise share options, such exercise needing to take place
within a six month window.
Gamma Communications plc Tel: +44 (0)333
Bob Falconer, Chief Executive 006 5972
Officer
Andrew Belshaw, Chief Financial
Officer
Malcolm Goddard, Company
Secretary
Investec Bank plc (NOMAD Tel: +44 (0)20 7597
& Broker) 5970
Patrick Robb / Matt Lewis
Dominic Emery / Sebastian
Lawrence
Appendix
1. Details of PDMR / person closely associated
with them ('PCA')
=== =========================================================
a) Name Andrew Belshaw
=== ===================== ==================================
b) Position / CFO
status
=== ===================== ==================================
c) Initial notification Initial Notification
/ amendment
=== ===================== ==================================
2. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
=== =========================================================
a) Description Gamma Communications plc Ordinary
of the financial Shares of 0.25p each
instrument
=== ===================== ==================================
b) Nature of Sale Of Ordinary Shares of 0.25p
the transaction each
=== ===================== ==================================
c) Price(s) and
volume(s)
Price(s) Volume(s)
========= ==========
5.45 170,732
========= ==========
==== =============== ===============================
d) Aggregated
information
Aggregated
volume Price
==== =============== ===============================
Date of the
e) transaction 9-5-2017
==== =============== ===============================
f) Place of the London Stock Exchange - (XLON)
transaction
==== =============== ===============================
1. Details of PDMR / person closely associated
with them ('PCA')
=== =========================================================
a) Name Richard Bligh
=== ===================== ==================================
b) Position / Director of Business Development
status
=== ===================== ==================================
c) Initial notification Initial Notification
/ amendment
=== ===================== ==================================
2. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
=== =========================================================
a) Description Gamma Communications plc Ordinary
of the financial Shares of 0.25p each
instrument
=== ===================== ==================================
b) Nature of Sale Of Ordinary Shares of 0.25p
the transaction each
=== ===================== ==================================
c) Price(s) and
volume(s)
Price(s) Volume(s)
========= ==========
5.45 179,376
========= ==========
==== =============== ===============================
d) Aggregated
information
Aggregated
volume Price
==== =============== ===============================
Date of the
e) transaction 9-5-2017
==== =============== ===============================
f) Place of the London Stock Exchange - (XLON)
transaction
==== =============== ===============================
1. Details of PDMR / person closely associated
with them ('PCA')
=== =========================================================
a) Name Robert Falconer
=== ===================== ==================================
b) Position / CEO
status
=== ===================== ==================================
c) Initial notification Initial Notification
/ amendment
=== ===================== ==================================
2. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
=== =========================================================
a) Description Gamma Communications plc Ordinary
of the financial Shares of 0.25p each
instrument
=== ===================== ==================================
b) Nature of Sale Of Ordinary Shares of 0.25p
the transaction each
=== ===================== ==================================
c) Price(s) and
volume(s)
Price(s) Volume(s)
========= ==========
5.45 288,280
========= ==========
==== =============== ===============================
d) Aggregated
information
Aggregated
volume Price
==== =============== ===============================
Date of the
e) transaction 9-5-2017
==== =============== ===============================
f) Place of the London Stock Exchange - (XLON)
transaction
==== =============== ===============================
1. Details of PDMR / person closely associated
with them ('PCA')
=== =========================================================
a) Name Andrew Morris
=== ===================== ==================================
b) Position / Managing Director, Service and
status Operations
=== ===================== ==================================
c) Initial notification Initial Notification
/ amendment
=== ===================== ==================================
2. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
=== =========================================================
a) Description Gamma Communications plc Ordinary
of the financial Shares of 0.25p each
instrument
=== ===================== ==================================
b) Nature of Sale Of Ordinary Shares of 0.25p
the transaction each
=== ===================== ==================================
c) Price(s) and
volume(s)
Price(s) Volume(s)
========= ==========
5.45 185,780
========= ==========
==== =============== ===============================
d) Aggregated
information
Aggregated
volume Price
==== =============== ===============================
Date of the
e) transaction 9-5-2017
==== =============== ===============================
f) Place of the London Stock Exchange - (XLON)
transaction
==== =============== ===============================
1. Details of PDMR / person closely associated
with them ('PCA')
=== =========================================================
a) Name Malcolm Goddard
=== ===================== ==================================
b) Position / Company Secretary and Commercial
status Director
=== ===================== ==================================
c) Initial notification Initial Notification
/ amendment
=== ===================== ==================================
2. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
=== =========================================================
a) Description Gamma Communications plc Ordinary
of the financial Shares of 0.25p each
instrument
=== ===================== ==================================
b) Nature of Sale Of Ordinary Shares of 0.25p
the transaction each
=== ===================== ==================================
c) Price(s) and
volume(s)
Price(s) Volume(s)
========= ==========
5.45 74,885
========= ==========
==== =============== ===============================
d) Aggregated
information
Aggregated
volume Price
==== =============== ===============================
Date of the
e) transaction 9-5-2017
==== =============== ===============================
f) Place of the London Stock Exchange - (XLON)
transaction
==== =============== ===============================
This information is provided by RNS
The company news service from the London Stock Exchange
END
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