Investec Bank discloses July 7 trading in Gamma Communications shares

Separate Rule 8.5 filings dated July 8 show Investec trading Gamma Communications shares and Shore Capital selling Alternative Income REIT shares on July 7, 2026, with both firms reporting no derivatives or dealing arrangements.

Summary

Two exempt principal trader disclosures under UK Takeover Code Rule 8.5 were published on July 8, 2026 for separate takeover-related situations. Investec Bank plc, acting as joint broker to Gamma Communications Plc, reported client-serving trading on July 7 in which it bought 287,411 ordinary shares and sold 289,411 ordinary shares, with prices in the filing ranging between 824.5p and 843.8p. Separately, Shore Capital Stockbrokers Ltd, connected to Alternative Income REIT plc in relation to the offer, disclosed the sale of 3,717 ordinary shares on July 7 at prices between 70.28p and 70.8p, with no purchases reported. Both filings stated there were no cash-settled or stock-settled derivatives, no other dealings, and no indemnity, option, voting, or derivative-related agreements or understandings.

Terms & Concepts
  • Rule 8.5: Takeover Code disclosure rule for exempt principal traders.
  • Takeover Code: UK rules governing conduct and disclosures during takeover offers.
  • exempt principal trader: An intermediary permitted to deal in relevant securities under specific takeover disclosure rules.