TIDMGAMA

RNS Number : 2065Z

Gamma Communications PLC

16 September 2020

16 September 2020

Gamma Communications plc

Grant of options

Gamma Communications plc ("the Company") announces that on 14 September 2020 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Long-Term Incentive Plan established on 2 September 2014:

 
Executive Director               No of Options  Exercise price 
 
 Andrew Taylor                     51,507       nil 
 Andrew Belshaw                   32,031        nil 
 
 
 PDMR                            No of Options  Exercise price 
 
 Andrew Morris                    23,703        nil 
 David Macfarlane                 21,994        nil 
 Malcolm Goddard                  15,447        nil 
 Daryl Pile                       21,994        nil 
 
 

The above options are subject to certain performance conditions having been met during the three year period up until 31 March 2023.

The Company also announces that on 14 September 2020 it granted the following nil cost share options over ordinary shares of 0.25 pence each in the Company pursuant to the Gamma Deferred Bonus Plan established on 23 May 2018:

 
Executive Director             No of Options  Exercise price 
 
 Andrew Taylor                   12,060       nil 
 Andrew Belshaw                 6,250         nil 
 
 

As was set out in the Remuneration Report within the 2019 Annual Report; 25% of the bonus earned by Andrew Taylor and Andrew Belshaw relating to the year ending December 2019 has been deferred into an award governed by the terms of the Deferred Bonus Plan . The above options (which form that award) were granted on 14 September 2020 and will vest on 31 March 2022 without performance conditions.

Enquiries:

 
 
 Gamma Communications plc                          Tel: +44 ( 0)333 006 5972 
  Andrew Taylor, Chief Executive Officer 
  Andrew Belshaw, Chief Financial Officer 
  Malcolm Goddard, Company Secretary 
 Investec Bank plc (NOMAD & Broker)                 Tel: +44 (0)207 597 5970 
  Patrick Robb / Virginia Bull / Sebastian 
  Lawrence 
 Tulchan Communications LLP (PR Adviser)            Tel: +44 (0)207 353 4200 
  James Macey White / Matt Low 
 
 

Appendix

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Andrew Taylor 
     ---------------------  ---------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status        CEO 
     ---------------------  ---------------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ---------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  ---------------------------------------------------- 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  ---------------------------------------------------- 
 4    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            Ordinary Shares of 0.25p each in 
       of the financial       Gamma Communications plc 
       instrument,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  ---------------------------------------------------- 
 b)   Nature of the          Award of options over Ordinary Shares 
       transaction            of 0.25p each under the schemes shown 
                              below 
     ---------------------  ---------------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                Nil        51,507     Gamma Long-Term Incentive 
                                                       Plan 
                                 Nil        12,060     Gamma Deferred Bonus Plan 
                               ---------  ---------- 
     ---------------------  ---------------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ---------------------------------------------------- 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  ---------------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ---------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Andrew Belshaw 
     ---------------------  --------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status        CFO 
     ---------------------  --------------------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  --------------------------------------------------- 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  --------------------------------------------------- 
 4    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            Ordinary Shares of 0.25p each in 
       of the financial       Gamma Communications plc 
       instrument,            Identification code (ISIN) for Gamma 
       type of instrument     Communications plc ordinary shares: 
       Identification         GB00BQS10J50 
       code 
     ---------------------  --------------------------------------------------- 
 b)   Nature of the          Award of options over Ordinary Shares 
       transaction            of 0.25p each under the schemes shown 
                              below 
     ---------------------  --------------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                          ---------- 
                                nil        32,031     Gamma Long-Term Incentive 
                                                       Plan 
                                 nil        6,250      Gamma Deferred Bonus 
                                                        Plan 
                               ---------  ---------- 
     ---------------------  --------------------------------------------------- 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------------- 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  --------------------------------------------------- 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  --------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Andrew Morris 
     ---------------------  ------------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status        Chief Strategy & Operating Officer 
     ---------------------  ------------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  ------------------------------------------------------ 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  ------------------------------------------------------ 
 4    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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         23,703 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Malcolm Goddard 
     ---------------------  ------------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status        Company Secretary 
     ---------------------  ------------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  ------------------------------------------------------ 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  ------------------------------------------------------ 
 4    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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         15,447 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   David Macfarlane 
     ---------------------  ------------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status        Managing Director - Direct 
     ---------------------  ------------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  ------------------------------------------------------ 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  ------------------------------------------------------ 
 4    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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         21,994 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ------------------------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Daryl Pile 
     ---------------------  ------------------------------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------- 
 a)   Position/status        Managing Director - Channel 
     ---------------------  ------------------------------------------------------ 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a)   Name                   Gamma Communications plc 
     ---------------------  ------------------------------------------------------ 
 b)   LEI                    213800LAQZXPRIZUEH50 
     ---------------------  ------------------------------------------------------ 
 4    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            Ordinary Shares of 0.25p each in Gamma Communications 
       of the financial       plc 
       instrument,            Identification code (ISIN) for Gamma Communications 
       type of instrument     plc ordinary shares: GB00BQS10J50 
       Identification 
       code 
     ---------------------  ------------------------------------------------------ 
 b)   Nature of the          Award of options over Ordinary Shares of 0.25p 
       transaction            each under Gamma Long-Term Incentive Plan 
     ---------------------  ------------------------------------------------------ 
 c)   Price(s) and             Price(s)    Volume(s) 
       volume(s)                           ---------- 
                                nil         21,994 
                               ----------  ---------- 
     ---------------------  ------------------------------------------------------ 
 d)   Aggregated             As above 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  ------------------------------------------------------ 
 e)   Date of the            14 September 2020 
       transaction 
     ---------------------  ------------------------------------------------------ 
 f)   Place of the           London Stock Exchange, (XLON) 
       transaction 
     ---------------------  ------------------------------------------------------ 
 

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END

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September 16, 2020 08:33 ET (12:33 GMT)

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