Investec Bank plc reported trading more than 2.5 million ordinary shares in Gamma Communications Plc across a narrow price band on 2 November 2026.
The transactions, disclosed the following day under Rule 8.5 of the UK Takeover Code, covered both purchase and sale activity in Gamma’s ordinary shares.
On the buying side, Investec acquired 1,248,899 shares, with prices ranging from a low of 1093p to a high of 1099.71p per unit during the session.
Sales activity was slightly heavier, with 1,341,682 ordinary shares sold at prices between 1093p and 1100p per unit across the same trading day.
The combined volume reflects Investec’s role as an exempt principal trader operating in a client-serving capacity, a designation that carries specific disclosure obligations under UK takeover rules.
Investec holds the position of Joint Broker to Gamma Communications, a connection that requires the bank to file public dealing disclosures whenever it trades in securities related to an offer situation.
No derivative transactions of any kind were recorded in the filing, with cash-settled, stock-settled, and other dealing categories all returning not-applicable entries.
Investec also confirmed that no indemnity arrangements, option agreements, or understandings relating to voting rights or future acquisitions were in place in connection with this activity.
The disclosure was filed with a Regulatory Information Service on 3 November 2026, satisfying the public reporting requirements set out by the Takeover Panel.
Rule 8.5 of the Code is designed to ensure transparency around dealings by intermediaries with recognised status during periods when a company may be subject to offer-related activity.
Gamma Communications Plc trades on the London Stock Exchange under the ticker GAMA.L, while Investec Bank plc is referenced under the identifiers INVP.L and INL.JO across different exchanges.
The contact named in the disclosure is Abhishek Gawde, reachable at the telephone number provided in the regulatory filing submitted to the Panel.
