Jefferies Discloses 2.36% Stake and Short Positions in Gamma Communications
Jefferies International told Reuters it held 2.357% of Gamma Communications shares as of 20 October and increased short positions via swaps.
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what happened
Jefferies International Limited, under the Takeover Code disclosure rules in the UK, reported its positions in Gamma Communications plc ordinary shares with a nominal value of 0.25 pence. As of 20 October 2026, its total interests stood at 2,105,210 securities, or 2.357%, including 361,698 shares it owned and 1,743,512 cash-settled derivative positions.
Short positions on the same date amounted to 1,976,499 securities, or 2.213%. In dealings on 20 October, the firm repeatedly increased its short exposure through swaps, with prices roughly between 1090 and 1092 pence per share.
The information, carried by Reuters, was published on 21 October 2026 through the London Stock Exchange's RNS service.
why it matters
Filings like this are required from market participants holding significant stakes in a company that may be subject to a takeover offer. They show how positions are shifting but do not reveal the intentions of the parties or offer any view on the shares' prospects.
tags
instruments
sources
- REG - Jefferies Intl Ltd Gamma Communications - Form 8.3 Gamma Communications Plc — Reuters, 21 October 2026 at 09:29 UTC
- REG - Jefferies Intl Ltd Tate & Lyle PLC - Form 8.3 Tate & Lyle Plc — Reuters, 21 October 2026 at 09:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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