Business
Extension of PUSU deadline
Gamma Communications PLC announced an extension to the PUSU (Put Up or Shut Up) deadline for potential offers, now set for 8 July 2026. This follows discussions with Providence Equity Partners L.L.C. and Epiris LLP, who have formed a consortium for a possible offer. Discussions with other potential offerors are also ongoing, and there is no certainty that an offer will be made or on what terms. Disclaimer*
About this update from Gamma Communications Plc
NOT 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 THIS 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 NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE THIS 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) FOR IMMEDIATE RELEASE 10 June 2026 GAMMA COMMUNICATIONS PLC ('GAMMA' OR THE 'COMPANY') Extension of PUSU Deadline On 13 May 2026, the Board of Gamma announced that the Company was in discussions with Providence Equity Partners L.L.C. ("Providence") in the context of the announcement made by Gamma on 7 April 2026. On 15 May 2026, Gamma announced that it was also in discussions with Epiris LLP ("Epiris") in the same context. Providence and Epiris have since confirmed to Gamma that they have formed a consortium for the purposes of a possible offer for Gamma (the "Providence / Epiris Consortium"). In accordance with Rule 2.6(a) of the Code, Providence was required, by no later than 5:00 p.m. on 10 June 2026 (the "Providence Deadline"), and Epiris was required, by no later than 5:00 p.m. on 12 June 2026 (the "Epiris Deadline"), to either announce a firm intention to make an offer for Gamma in accordance with Rule 2.7 of the Code or announce that they did not intend to make an offer. Discussions between the Company and the Providence / Epiris Consortium are ongoing. Therefore, in accordance with Rule 2.6(c) of the Code, the Board of Gamma has requested, and the Panel has consented to, a joint extension of the Providence Deadline and the Epiris Deadline respectively. In accordance with Rule 2.6(c) of the Code, the Providence / Epiris Consortium is now required, by no later than 5:00 p.m. (London time) on 8 July 2026 (the "Revised Deadline"), either to announce a firm intention to make an offer for Gamma in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for Gamma, in wh...
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