Business
Response to Speculation
Gamma Communications PLC confirms that Providence Equity Partners L.L.C. is among the parties in preliminary discussions regarding a potential offer, following recent press speculation. Providence must announce a firm intention to make an offer or withdraw by 5:00 pm on June 10, 2026. As of May 12, 2026, Gamma's issued share capital comprised 90,568,318 ordinary shares of 0.25 pence each. Disclaimer*
About this update from Gamma Communications Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\nTHIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE 'CODE') AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014, WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)\n \nFOR IMMEDIATE RELEASE\n \n13 May 2026\n \nGAMMA COMMUNICATIONS PLC ('GAMMA' OR THE 'COMPANY')\nResponse to speculation regarding Gamma\n \nThe Board of Gamma notes the recent press speculation and confirms that Providence Equity Partners L.L.C. (\"Providence\") are amongst the parties in discussions with the Company in the context of the announcement made by Gamma on 7 April 2026. These discussions remain at a preliminary stage.\nThere can be no certainty that any offer will be made for the Company nor as to the terms of any offer, if made.\nIn accordance with Rule 2.6(a) of the Code, Providence must, by not later than 5.00 pm (London time) on 10 June 2026, being 28 days after today's date, either announce a firm intention to make an offer for Gamma under Rule 2.7 of the Code or announce that they do not intend to make an offer for Gamma, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.\nAs previously announced, the Executive of the Panel on Takeovers and Mergers has granted a dispensation from the requirements of Rules 2.4(a) and 2.4(b) of the Code such that Gamma is not required to identify in this announcement any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror is specifically identified in any rumour or speculation. A further announcement will be made if and when appropriate.\nThe individual responsible for arranging the release of this announcement on b...