Sand Grove Capital Management LLP has disclosed a 4.03% interest in Gamma Communications plc, representing 3,615,576 ordinary shares through cash-settled derivatives. The disclosure, made under Rule 8.3 of the Takeover Code, reflects the position held as of 1 July 2026. On the same date, the firm reduced a long position via a contract for difference, selling 24,540 reference securities at 858.3539 pence per unit.
Gamma Communications PLCDisclosure of a 4.03% stake by an activist investor could signal potential changes, but the reduction of a long position via CFD sale adds uncertainty.