t
Barclays Capital Securities Ltd, an exempt principal trader, disclosed its opening position and dealings in Gamma Communications PLC's 0.25p ordinary shares on 10 April 2026. Following these dealings, the firm held total interests of 2,108,895 shares (2.32%) and total short positions of 2,159,836 shares (2.37%). On 10 April 2026, Barclays Capital Securities Ltd purchased 172,077 ordinary shares and sold 148,846 ordinary shares, alongside various cash-settled derivative transactions.
| Date | 13 Apr 2026 |
| Time | 10:08:37 |
| Category | Holding(s) in company |
| ID | 1990A |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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GAMMA COMMUNICATIONS PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
GAMMA COMMUNICATIONS PLC |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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10 Apr 2026 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
NO |
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trader making disclosures in respect of any other party to the offer? |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
0.25p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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1,677,019 |
1.84% |
508,780 |
0.56% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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431,876 |
0.47% |
1,651,056 |
1.81% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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2,108,895 |
2.32% |
2,159,836 |
2.37% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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security |
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securities |
paid/received |
paid/received |
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0.25p ordinary |
Purchase |
172,077 |
8.6100 GBP |
8.2300 GBP |
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0.25p ordinary |
Sale |
148,846 |
8.6100 GBP |
8.2200 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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0.25p ordinary |
SWAP |
Decreasing Short |
227 |
8.2235 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1 |
8.2240 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1 |
8.2298 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
11 |
8.2478 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,065 |
8.2615 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
7,523 |
8.2620 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
38 |
8.2795 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
8,302 |
8.2843 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
121 |
8.2900 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
657 |
8.2913 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
2,611 |
8.2968 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,198 |
8.3153 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
4,719 |
8.3161 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
4,410 |
8.3748 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,347 |
8.3892 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
412 |
8.3909 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,549 |
8.3939 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,659 |
8.4137 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
256 |
8.4262 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
37,239 |
8.4298 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
7,272 |
8.4414 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
2,701 |
8.4478 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
36 |
8.4612 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1,707 |
8.4689 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
15 |
8.4779 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
344 |
8.4965 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
9,781 |
8.4984 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
596 |
8.5008 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
700 |
8.5074 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
201 |
8.5120 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
903 |
8.5177 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
4 |
8.5599 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
3,500 |
8.5628 GBP |
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0.25p ordinary |
SWAP |
Decreasing Short |
1 |
8.5800 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2 |
8.2301 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
147 |
8.2436 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
11 |
8.2481 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
42,435 |
8.2620 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2,262 |
8.2624 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
4,858 |
8.2644 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2,004 |
8.2729 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
203 |
8.2823 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
1 |
8.2860 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2,045 |
8.3060 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
1,599 |
8.3063 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2,014 |
8.3257 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
222 |
8.3375 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
419 |
8.3462 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
977 |
8.3565 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
621 |
8.3567 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2,590 |
8.3626 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
2 |
8.3670 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
14,747 |
8.3803 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
1,801 |
8.3917 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
11,028 |
8.4028 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
11,503 |
8.4205 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
295 |
8.4412 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
35 |
8.4681 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
9 |
8.4728 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
316 |
8.4780 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
62 |
8.4820 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
524 |
8.4885 GBP |
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0.25p ordinary |
SWAP |
Increasing Short |
97 |
8.5029 GBP |
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0.25p ordinary |
CFD |
Increasing Long |
79 |
8.2951 GBP |
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0.25p ordinary |
CFD |
Increasing Long |
2,100 |
8.3942 GBP |
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0.25p ordinary |
CFD |
Increasing Long |
169 |
8.4774 GBP |
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0.25p ordinary |
CFD |
Decreasing Long |
8,714 |
8.5081 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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security |
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securities |
unit |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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security |
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applicable) |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
13 Apr 2026 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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