Director/PDMR Shareholding
Gamma Communications plc announced on September 7, 2026, the grant of nominal cost share options to Executive Directors under its Long Term Incentive Plan and Deferred Bonus Plan. Andrew Belshaw received 143,163 LTIP options and 19,383 Deferred Bonus Plan options, while Damien Maltarp was granted 71,905 LTIP options, plus an additional 34,926 and 27,221 LTIP options to compensate for forfeited awards, all with an exercise price of £0.0025 per share. The LTIP awards are subject to three-year performance conditions and subsequent holding periods, with dividend equivalents potentially applied.
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Gamma Communications plc (the Company) announces that on 7 September 2026 it granted the following nominal cost share options over ordinary shares of 0.25 pence each in the Company to Executive Directors.
Long Term Incentive Plan (LTIP)
The following options are subject to performance conditions covering the three-year performance period commencing on 1 January 2026 and ending on 31 December 2028.
Dividend equivalents may be applied on any awards which vest. The awards are subject to a further two-year holding period post vesting.
| Executive Director | Number of options | Exercise price |
|---|---|---|
| Andrew Belshaw | 143,163 | £0.0025 per share |
| Damien Maltarp | 71,905 | £0.0025 per share |
Damien Maltarp was awarded the following options under the LTIP to compensate for awards forfeited on leaving his previous employer. These awards do not have performance conditions attached and are scheduled to vest in full on 31 March 2027 (34,926 options) and 31 March 2028 (27,221 options), subject, ordinarily, to ongoing employment.
Dividend equivalents may be applied on any awards which vest.
| Executive Director | Number of options | Exercise price |
|---|---|---|
| Damien Maltarp | 34,926 | £0.0025 per share |
| Damien Maltarp | 27,221 | £0.0025 per share |
The LTIP awards were made pursuant to the Gamma Long Term Incentive Plan approved by shareholders on 17 May 2023 and amended on 2 May 2025.
Deferred Bonus Plan
| Executive Director | Number of options | Exercise price |
|---|---|---|
| Andrew Belshaw | 19,383 | £0.0025 per share |
Dividend equivalents may be applied on any awards which vest.
The award was made pursuant to the Gamma Deferred Bonus Plan established on 23 May 2018 and amended on 2 May 2025.
Appendix
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Belshaw |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Gamma Communications plc |
| b) | LEI | 213800LAQZXPRIZUEH50 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 |
| b) | Nature of the transaction | Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 143,163 |
| d) | Aggregated information - Aggregated volume - Price | As above |
| e) | Date of the transaction | 7 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Damien Maltarp |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Financial Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Gamma Communications plc |
| b) | LEI | 213800LAQZXPRIZUEH50 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 |
| b) | Nature of the transaction | Award of options over Ordinary Shares of 0.25p each under the Gamma Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 71,905 Nil 34,926 Nil 27,221 |
| d) | Aggregated information - Aggregated volume - Price | Nil, 134,052 |
| e) | Date of the transaction | 7 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Andrew Belshaw |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Gamma Communications plc |
| b) | LEI | 213800LAQZXPRIZUEH50 |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary Shares of 0.25p each in Gamma Communications plc Identification code (ISIN) for Gamma Communications plc ordinary shares: GB00BQS10J50 |
| b) | Nature of the transaction | Award of options over Ordinary Shares of 0.25p each under the Gamma Deferred Bonus Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 19,383 |
| d) | Aggregated information - Aggregated volume - Price | As above |
| e) | Date of the transaction | 7 September 2026 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.