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FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
|
(a) Full name of discloser: |
Citadel Group |
|
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. |
N/A |
|
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
GAMMA COMMUNICATIONS PLC |
|
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
N/A |
|
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
9 April 2026 |
|
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" |
N/A
|
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(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:
|
ISIN GB00BQS10J50 0.25p ordinary |
|||
|
|
Interests |
Short positions |
||
|
|
Number |
% |
Number |
% |
|
(1) Relevant securities owned and/or controlled: |
937 |
0.00 |
12,304 |
0.01 |
|
(2) Cash-settled derivatives:
|
1,014,243 |
1.11 |
0 |
0.00 |
|
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00 |
0 |
0.00 |
|
TOTAL: |
1,015,180 |
1.11 |
12,304 |
0.01 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
|
Class of relevant security in relation to which subscription right exists: |
N/A |
|
Details, including nature of the rights concerned and relevant percentages: |
N/A |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
|
Class of relevant security |
Purchase/sale
|
Number of securities |
Price per unit |
|
Common |
Buy Transaction |
331 |
8.4680 GBP |
|
Common |
Buy Transaction |
337 |
8.4680 GBP |
|
Common |
Buy Transaction |
327 |
8.4680 GBP |
|
Common |
Buy Transaction |
326 |
8.4720 GBP |
|
Common |
Buy Transaction |
340 |
8.4720 GBP |
|
Common |
Buy Transaction |
54 |
8.4720 GBP |
|
Common |
Buy Transaction |
64 |
8.4800 GBP |
|
Common |
Buy Transaction |
230 |
8.4920 GBP |
|
Common |
Buy Transaction |
709 |
8.4980 GBP |
|
Common |
Buy Transaction |
155 |
8.4980 GBP |
|
Common |
Buy Transaction |
37 |
8.4981 GBP |
|
Common |
Buy Transaction |
58 |
8.5000 GBP |
|
Common |
Buy Transaction |
41 |
8.5020 GBP |
|
Common |
Buy Transaction |
389 |
8.5020 GBP |
|
Common |
Buy Transaction |
898 |
8.5040 GBP |
|
Common |
Buy Transaction |
30 |
8.5040 GBP |
|
Common |
Buy Transaction |
53 |
8.5079 GBP |
|
Common |
Buy Transaction |
424 |
8.5100 GBP |
|
Common |
Buy Transaction |
54 |
8.5141 GBP |
|
Common |
Buy Transaction |
42 |
8.5160 GBP |
|
Common |
Buy Transaction |
52 |
8.5160 GBP |
|
Common |
Buy Transaction |
56 |
8.5180 GBP |
|
Common |
Buy Transaction |
6 |
8.5200 GBP |
|
Common |
Buy Transaction |
133 |
8.5240 GBP |
|
Common |
Buy Transaction |
155 |
8.5240 GBP |
|
Common |
Buy Transaction |
197 |
8.5260 GBP |
|
Common |
Buy Transaction |
50 |
8.5260 GBP |
|
Common |
Buy Transaction |
83 |
8.5260 GBP |
|
Common |
Buy Transaction |
33 |
8.5279 GBP |
|
Common |
Buy Transaction |
417 |
8.5320 GBP |
|
Common |
Buy Transaction |
555 |
8.5320 GBP |
|
Common |
Buy Transaction |
253 |
8.5320 GBP |
|
Common |
Buy Transaction |
108 |
8.5320 GBP |
|
Common |
Buy Transaction |
44 |
8.5359 GBP |
|
Common |
Buy Transaction |
300 |
8.5360 GBP |
|
Common |
Buy Transaction |
308 |
8.5360 GBP |
|
Common |
Buy Transaction |
114 |
8.5380 GBP |
|
Common |
Buy Transaction |
350 |
8.5380 GBP |
|
Common |
Buy Transaction |
42 |
8.5381 GBP |
|
Common |
Buy Transaction |
1,036 |
8.5400 GBP |
|
Common |
Buy Transaction |
46 |
8.5420 GBP |
|
Common |
Buy Transaction |
34 |
8.5421 GBP |
|
Common |
Buy Transaction |
57 |
8.5460 GBP |
|
Common |
Buy Transaction |
72 |
8.5460 GBP |
|
Common |
Buy Transaction |
327 |
8.5460 GBP |
|
Common |
Buy Transaction |
110 |
8.5460 GBP |
|
Common |
Buy Transaction |
371 |
8.5460 GBP |
|
Common |
Buy Transaction |
857 |
8.5500 GBP |
|
Common |
Buy Transaction |
81 |
8.5520 GBP |
|
Common |
Buy Transaction |
96 |
8.5520 GBP |
|
Common |
Buy Transaction |
90 |
8.5520 GBP |
|
Common |
Buy Transaction |
253 |
8.5520 GBP |
|
Common |
Buy Transaction |
7,005 |
8.5540 GBP |
|
Common |
Buy Transaction |
392 |
8.5540 GBP |
|
Common |
Buy Transaction |
372 |
8.5540 GBP |
|
Common |
Buy Transaction |
332 |
8.5540 GBP |
|
Common |
Buy Transaction |
22 |
8.5559 GBP |
|
Common |
Buy Transaction |
409 |
8.5560 GBP |
|
Common |
Buy Transaction |
725 |
8.5560 GBP |
|
Common |
Buy Transaction |
393 |
8.5560 GBP |
|
Common |
Buy Transaction |
93 |
8.5560 GBP |
|
Common |
Buy Transaction |
3 |
8.5567 GBP |
|
Common |
Buy Transaction |
341 |
8.5580 GBP |
|
Common |
Buy Transaction |
266 |
8.5580 GBP |
|
Common |
Buy Transaction |
57 |
8.5581 GBP |
|
Common |
Buy Transaction |
243 |
8.5600 GBP |
|
Common |
Buy Transaction |
221 |
8.5620 GBP |
|
Common |
Buy Transaction |
220 |
8.5620 GBP |
|
Common |
Buy Transaction |
423 |
8.5620 GBP |
|
Common |
Buy Transaction |
53 |
8.5679 GBP |
|
Common |
Buy Transaction |
14 |
8.5700 GBP |
|
Common |
Buy Transaction |
100 |
8.5720 GBP |
|
Common |
Buy Transaction |
108 |
8.5720 GBP |
|
Common |
Buy Transaction |
76 |
8.5739 GBP |
|
Common |
Buy Transaction |
103 |
8.5740 GBP |
|
Common |
Buy Transaction |
411 |
8.5740 GBP |
|
Common |
Buy Transaction |
260 |
8.5740 GBP |
|
Common |
Buy Transaction |
34 |
8.5741 GBP |
|
Common |
Buy Transaction |
52 |
8.5760 GBP |
|
Common |
Buy Transaction |
222 |
8.5760 GBP |
|
Common |
Buy Transaction |
25 |
8.5760 GBP |
|
Common |
Buy Transaction |
68 |
8.5760 GBP |
|
Common |
Buy Transaction |
63 |
8.5760 GBP |
|
Common |
Buy Transaction |
28 |
8.5761 GBP |
|
Common |
Buy Transaction |
8 |
8.5762 GBP |
|
Common |
Buy Transaction |
47 |
8.5781 GBP |
|
Common |
Buy Transaction |
7 |
8.5786 GBP |
|
Common |
Buy Transaction |
1,711 |
8.5800 GBP |
|
Common |
Buy Transaction |
32 |
8.5819 GBP |
|
Common |
Buy Transaction |
271 |
8.5820 GBP |
|
Common |
Buy Transaction |
281 |
8.5820 GBP |
|
Common |
Buy Transaction |
885 |
8.5820 GBP |
|
Common |
Buy Transaction |
229 |
8.5820 GBP |
|
Common |
Buy Transaction |
93 |
8.5820 GBP |
|
Common |
Buy Transaction |
52 |
8.5860 GBP |
|
Common |
Buy Transaction |
107 |
8.5860 GBP |
|
Common |
Buy Transaction |
108 |
8.5860 GBP |
|
Common |
Buy Transaction |
84 |
8.5880 GBP |
|
Common |
Buy Transaction |
428 |
8.5880 GBP |
|
Common |
Buy Transaction |
360 |
8.5880 GBP |
|
Common |
Buy Transaction |
357 |
8.5880 GBP |
|
Common |
Buy Transaction |
342 |
8.5880 GBP |
|
Common |
Buy Transaction |
66 |
8.5880 GBP |
|
Common |
Buy Transaction |
297 |
8.5900 GBP |
|
Common |
Buy Transaction |
352 |
8.5920 GBP |
|
Common |
Buy Transaction |
218 |
8.6000 GBP |
|
Common |
Buy Transaction |
141 |
8.6100 GBP |
|
Common |
Buy Transaction |
121 |
8.6120 GBP |
|
Common |
Buy Transaction |
55 |
8.6120 GBP |
|
Common |
Buy Transaction |
354 |
8.6120 GBP |
|
Common |
Buy Transaction |
233 |
8.6120 GBP |
|
Common |
Buy Transaction |
16 |
8.6137 GBP |
|
Common |
Buy Transaction |
71 |
8.6139 GBP |
|
Common |
Buy Transaction |
229 |
8.6140 GBP |
|
Common |
Buy Transaction |
254 |
8.6380 GBP |
|
Common |
Sell Transaction |
22 |
8.4500 GBP |
|
Common |
Sell Transaction |
38 |
8.4579 GBP |
|
Common |
Sell Transaction |
57 |
8.4581 GBP |
|
Common |
Sell Transaction |
47 |
8.4581 GBP |
|
Common |
Sell Transaction |
505 |
8.4960 GBP |
|
Common |
Sell Transaction |
1,374 |
8.5000 GBP |
|
Common |
Sell Transaction |
152 |
8.5020 GBP |
|
Common |
Sell Transaction |
390 |
8.5020 GBP |
|
Common |
Sell Transaction |
21 |
8.5038 GBP |
|
Common |
Sell Transaction |
47 |
8.5160 GBP |
|
Common |
Sell Transaction |
187 |
8.5160 GBP |
|
Common |
Sell Transaction |
174 |
8.5180 GBP |
|
Common |
Sell Transaction |
1,250 |
8.5180 GBP |
|
Common |
Sell Transaction |
1,495 |
8.5200 GBP |
|
Common |
Sell Transaction |
1,780 |
8.5300 GBP |
|
Common |
Sell Transaction |
121 |
8.5340 GBP |
|
Common |
Sell Transaction |
29 |
8.5341 GBP |
|
Common |
Sell Transaction |
134 |
8.5360 GBP |
|
Common |
Sell Transaction |
580 |
8.5400 GBP |
|
Common |
Sell Transaction |
401 |
8.5480 GBP |
|
Common |
Sell Transaction |
714 |
8.5480 GBP |
|
Common |
Sell Transaction |
2,089 |
8.5500 GBP |
|
Common |
Sell Transaction |
313 |
8.5520 GBP |
|
Common |
Sell Transaction |
151 |
8.5540 GBP |
|
Common |
Sell Transaction |
280 |
8.5540 GBP |
|
Common |
Sell Transaction |
202 |
8.5540 GBP |
|
Common |
Sell Transaction |
79 |
8.5541 GBP |
|
Common |
Sell Transaction |
12 |
8.5542 GBP |
|
Common |
Sell Transaction |
75 |
8.5580 GBP |
|
Common |
Sell Transaction |
1,346 |
8.5600 GBP |
|
Common |
Sell Transaction |
1,071 |
8.5640 GBP |
|
Common |
Sell Transaction |
67 |
8.5640 GBP |
|
Common |
Sell Transaction |
94 |
8.5660 GBP |
|
Common |
Sell Transaction |
545 |
8.5660 GBP |
|
Common |
Sell Transaction |
121 |
8.5660 GBP |
|
Common |
Sell Transaction |
86 |
8.5660 GBP |
|
Common |
Sell Transaction |
81 |
8.5660 GBP |
|
Common |
Sell Transaction |
48 |
8.5679 GBP |
|
Common |
Sell Transaction |
428 |
8.5680 GBP |
|
Common |
Sell Transaction |
429 |
8.5680 GBP |
|
Common |
Sell Transaction |
210 |
8.5680 GBP |
|
Common |
Sell Transaction |
714 |
8.5690 GBP |
|
Common |
Sell Transaction |
2,173 |
8.5700 GBP |
|
Common |
Sell Transaction |
102 |
8.5760 GBP |
|
Common |
Sell Transaction |
337 |
8.5760 GBP |
|
Common |
Sell Transaction |
1,353 |
8.5760 GBP |
|
Common |
Sell Transaction |
173 |
8.5760 GBP |
|
Common |
Sell Transaction |
18 |
8.5778 GBP |
|
Common |
Sell Transaction |
38 |
8.5779 GBP |
|
Common |
Sell Transaction |
138 |
8.5780 GBP |
|
Common |
Sell Transaction |
36 |
8.5781 GBP |
|
Common |
Sell Transaction |
84 |
8.5800 GBP |
|
Common |
Sell Transaction |
51 |
8.5820 GBP |
|
Common |
Sell Transaction |
329 |
8.5820 GBP |
|
Common |
Sell Transaction |
33 |
8.5821 GBP |
|
Common |
Sell Transaction |
103 |
8.5860 GBP |
|
Common |
Sell Transaction |
136 |
8.5860 GBP |
|
Common |
Sell Transaction |
41 |
8.5900 GBP |
|
Common |
Sell Transaction |
48 |
8.6121 GBP |
(b) Cash-settled derivative transactions
|
Class of relevant security |
Product description e.g. CFD |
Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities |
Price per unit |
|
Common |
CFD |
Increasing long position |
2 |
8.5260 GBP |
|
Common |
CFD |
Increasing long position |
2,516 |
8.5384 GBP |
|
Common |
CFD |
Reducing long position |
603 |
8.5400 GBP |
|
Common |
CFD |
Increasing long position |
5,729 |
8.5569 GBP |
|
Common |
CFD |
Increasing long position |
3,260 |
8.5622 GBP |
|
Common |
CFD |
Reducing long position |
34 |
8.5628 GBP |
|
Common |
CFD |
Increasing long position |
2,891 |
8.5639 GBP |
|
Common |
CFD |
Reducing long position |
10,285 |
8.5772 GBP |
|
Common |
CFD |
Reducing long position |
16 |
8.5817 GBP |
|
Common |
CFD |
Reducing long position |
1,872 |
8.5853 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
|
Class of relevant security |
Product description e.g. call option |
Writing, purchasing, selling, varying etc. |
Number of securities to which option relates |
Exercise price per unit |
Type e.g. American, European etc. |
Expiry date |
Option money paid/ received per unit |
(ii) Exercise
|
Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
|
Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
|
|
|
|
|
4. OTHER INFORMATION
(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
|
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
|
Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
|
None
|
(c) Attachments
|
Is a Supplemental Form 8 (Open Positions) attached? |
NO |
|
Date of disclosure: |
10 April 2026 |
|
Contact name: |
Paula Santos |
|
Telephone number*: |
020 7645 9700 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Citadel Group filed a Form 8.3 disclosure on 10 April 2026 concerning its positions and dealings in GAMMA COMMUNICATIONS PLC's 0.25p ordinary shares and related securities as of 9 April 2026. Following various buy and sell transactions and cash-settled derivative dealings, Citadel Group holds a total interest of 1,015,180 shares (1.11%) and short positions of 12,304 shares (0.01%) in GAMMA COMMUNICATIONS PLC.
| Date | 10 Apr 2026 |
| Time | 15:00:01 |
| Category | Holding(s) in company |
| ID | 9881Z |