Investec Bank Plc has filed a Form 8.5 disclosure revealing trading activity in Gamma Communications Plc (GAMA.L) ordinary shares on 3rd July 2026.
The disclosure was made under Rule 8.5 of the UK Takeover Code, which governs public dealing disclosures by exempt principal traders with recognised intermediary status.
Investec Bank Plc acted in a client-serving capacity during the relevant dealings, as required to be stated under the terms of the Code.
Investec holds a formal connection to Gamma Communications, serving as Joint Broker to the company at the time the dealings were undertaken.
On 3rd July 2026, Investec purchased a total of 72,813 ordinary shares in Gamma Communications, with prices ranging from a low of 851p to a high of 859.5p per unit.
On the same date, Investec also sold 73,030 ordinary shares in Gamma Communications, again with prices ranging between 851p and 859.5p per unit.
The near-equal volume of purchases and sales is consistent with typical market-making activity carried out by a broker acting on behalf of clients in a recognised intermediary capacity.
Investec confirmed that no cash-settled derivative transactions or stock-settled derivative transactions, including options, were undertaken as part of this disclosure.
The firm also stated that no indemnity arrangements, options, or other agreements relating to the relevant securities existed that could constitute an inducement to deal or refrain from dealing.
Similarly, Investec confirmed there were no agreements or understandings relating to voting rights or future acquisition or disposal of securities to which any derivative is referenced.
The disclosure was formally dated 6th July 2026, with contact details provided for Abhishek Gawde, reachable by telephone for any enquiries relating to the filing.
Public disclosures of this nature under Rule 8 of the Takeover Code are required to be submitted to a Regulatory Information Service, ensuring transparency during offer periods.
