Form 8.5 EPT/Non RI GAMMA COMMUNICATIONS PLC

RNS Number : 4184N

Barclays PLC

22 July 2026

FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.				KEY INFORMATION
(a)	Name of exempt principal trader:				BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose				GAMMA COMMUNICATIONS PLC
	relevant securities this form relates:
(c)	Name of the party to the offer with which exempt				GAMMA COMMUNICATIONS PLC
	principal trader is connected
(d)	Date position held/dealing undertaken:				21 Jul 2026
(e)	In addition to the company in 1(b) above, is the exempt principal				NO
	trader making disclosures in respect of any other party to the offer?
2.				POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				0.25p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1)	Relevant securities owned
	and/or controlled:			1,150,496	1.28%	658,200	0.74%
(2)	Cash-settled derivatives:
	and/or controlled:			623,822	0.70%	1,150,485	1.28%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			1,774,318	1.98%	1,808,685	2.02%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3.				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Total number of		Highest price per unit	Lowest price per unit
security				securities		paid/received	paid/received
0.25p ordinary		Purchase		72,175		9.5100 GBP	9.4400 GBP
0.25p ordinary		Sale		131,476		9.5000 GBP	9.4421 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
0.25p ordinary		SWAP		Decreasing Long		173	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Short		1,299	9.4745 GBP
0.25p ordinary		SWAP		Decreasing Long		3,982	9.4733 GBP
0.25p ordinary		SWAP		Increasing Short		441	9.4750 GBP
0.25p ordinary		SWAP		Increasing Short		46	9.4478 GBP
0.25p ordinary		SWAP		Increasing Short		87	9.4551 GBP
0.25p ordinary		SWAP		Decreasing Long		246	9.4451 GBP
0.25p ordinary		SWAP		Decreasing Long		395	9.4750 GBP
0.25p ordinary		SWAP		Increasing Long		32	9.4750 GBP
0.25p ordinary		SWAP		Closing Long		12,470	9.4750 GBP
0.25p ordinary		SWAP		Opening Short		1,536	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Long		3,194	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Long		1,899	9.4746 GBP
0.25p ordinary		SWAP		Increasing Long		731	9.4715 GBP
0.25p ordinary		SWAP		Increasing Long		299	9.4720 GBP
0.25p ordinary		SWAP		Decreasing Long		173	9.4900 GBP
0.25p ordinary		SWAP		Increasing Long		1,885	9.4679 GBP
0.25p ordinary		SWAP		Increasing Long		1,512	9.4734 GBP
0.25p ordinary		SWAP		Opening Short		5,272	9.4754 GBP
0.25p ordinary		SWAP		Increasing Long		540	9.4675 GBP
0.25p ordinary		SWAP		Increasing Short		136	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Long		1,703	9.4735 GBP
0.25p ordinary		SWAP		Decreasing Long		633	9.4735 GBP
0.25p ordinary		SWAP		Decreasing Short		362	9.4714 GBP
0.25p ordinary		SWAP		Increasing Short		388	9.4957 GBP
0.25p ordinary		SWAP		Decreasing Short		4,162	9.4750 GBP
0.25p ordinary		SWAP		Closing Long		91	9.4727 GBP
0.25p ordinary		SWAP		Decreasing Long		3,897	9.4726 GBP
0.25p ordinary		SWAP		Increasing Long		292	9.4750 GBP
0.25p ordinary		SWAP		Increasing Short		2,326	9.4794 GBP
0.25p ordinary		SWAP		Decreasing Long		336	9.4743 GBP
0.25p ordinary		SWAP		Increasing Long		1,334	9.4677 GBP
0.25p ordinary		SWAP		Decreasing Long		1,605	9.4732 GBP
0.25p ordinary		SWAP		Increasing Long		72	9.4852 GBP
0.25p ordinary		SWAP		Decreasing Short		1,042	9.4792 GBP
0.25p ordinary		SWAP		Decreasing Short		115	9.4750 GBP
0.25p ordinary		SWAP		Increasing Short		4,752	9.4826 GBP
0.25p ordinary		SWAP		Closing Long		876	9.4770 GBP
0.25p ordinary		SWAP		Decreasing Long		174	9.4700 GBP
0.25p ordinary		SWAP		Increasing Short		4,078	9.4725 GBP
0.25p ordinary		SWAP		Decreasing Short		6,386	9.4750 GBP
0.25p ordinary		SWAP		Increasing Long		131	9.5000 GBP
0.25p ordinary		SWAP		Decreasing Short		375	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Short		718	9.4692 GBP
0.25p ordinary		SWAP		Decreasing Long		45	9.4750 GBP
0.25p ordinary		SWAP		Closing Short		7,933	9.4750 GBP
0.25p ordinary		SWAP		Opening Long		68,862	9.4750 GBP
0.25p ordinary		SWAP		Decreasing Short		993	9.4765 GBP
0.25p ordinary		SWAP		Increasing Long		42	9.4750 GBP
0.25p ordinary		SWAP		Increasing Long		11,165	9.4750 GBP
0.25p ordinary		SWAP		Increasing Long		487	9.4726 GBP
0.25p ordinary		SWAP		Decreasing Long		1,326	9.4699 GBP
0.25p ordinary		SWAP		Decreasing Long		112	9.4658 GBP
0.25p ordinary		SWAP		Increasing Long		60	9.4900 GBP
0.25p ordinary		SWAP		Increasing Long		1,782	9.4777 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

4.				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the exempt principal trader making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				22 Jul 2026
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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