Gamma Communications plc (GAMA), the London Stock Exchange-listed telecommunications group, has published a Rule 2.9 announcement under the City Code on Takeovers and Mergers, confirming its total ordinary share capital. The company disclosed that it has 89,308,791 ordinary shares in issue, excluding treasury shares, as at 4 November 2026. The disclosure is a formal regulatory requirement triggered during an offer period, signalling to investors that Gamma is currently subject to the Takeover Code's provisions. The announcement identifies Barclays, Investec, and Peel Hunt as financial advisers, alongside Q Advisors as a joint financial adviser.

Key Points

  • Gamma Communications plc (GAMA), admitted to trading on the main market of the London Stock Exchange
  • Gamma confirms 89,308,791 ordinary shares in issue (excluding treasury shares) under Takeover Code Rule 2.9 as at 4 November 2026
  • Each ordinary share carries one vote; ISIN GB00BQS10J50; LEI 213800LAQZXPRIZUEH50
  • Investors should monitor further Rule 8 disclosures from parties holding 1% or more of Gamma's relevant securities

Gamma Communications Discloses Share Capital Under City Code Takeover Obligations

The announcement was made in compliance with Rule 2.9 of the City Code on Takeovers and Mergers, which requires a company subject to an offer period to publicly confirm its total issued share capital. Gamma Communications confirmed that its 89,308,791 ordinary shares are all voting shares, with each carrying one vote. The shares are admitted to trading on the main market of the London Stock Exchange under ISIN GB00BQS10J50. The company's LEI number is recorded as 213800LAQZXPRIZUEH50. This confirmation provides a definitive reference figure for parties required to calculate percentage interests under the Takeover Code's disclosure rules.

Four Advisory Firms Supporting Gamma Including Barclays as Lead Financial Adviser

The announcement names Barclays Bank PLC, acting through its Investment Bank, as lead financial adviser to Gamma, with Investec Bank plc and Peel Hunt LLP serving as joint financial advisers and joint brokers. US-based Q Advisors is acting as a further joint financial adviser. All three UK-regulated advisers — Barclays, Investec, and Peel Hunt — are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. The announcement confirms each is acting exclusively for Gamma. Teneo is named as public relations adviser, with Chair Martin Hellawell, Chief Executive Officer Andrew Belshaw, and Company Secretary Rachael Matzopoulos listed as company contacts.

Rule 8 Disclosure Obligations Now Active for Holders of 1% or More in Gamma

With an offer period underway, the announcement sets out the Takeover Panel's Rule 8.3 requirements. Any person interested in 1% or more of Gamma's relevant securities must make an Opening Position Disclosure by no later than 3.30 pm London time on the 10th business day following the commencement of the offer period. Subsequent dealings must be disclosed by 3.30 pm on the following business day. Barclays, Investec, and Peel Hunt are noted as exempt principal traders in Gamma securities on the London Stock Exchange, with their trading activity reportable to a Regulatory Information Service under the Code.

Announcement to Be Published on Gamma Group Investor Website by Next Business Day Noon

In accordance with Rule 26.1 of the Takeover Code, Gamma confirmed the announcement will be made available on its investor relations website at gammagroup.co by no later than 12 noon London time on the business day following 4 November 2026. The company explicitly noted that the content of the referenced website does not form part of the announcement itself. Gamma Communications is a provider of communications services and technology to businesses across the UK and Europe, with its shares traded on the main market of the London Stock Exchange. Investors may be watching for further regulatory disclosures as the offer period progresses.