29 January 2025
("GCON" or the "Company")
Further investment in
Voneus
Global Connectivity plc (AQSE:
GCON), a company focused on communication services and technologies
that enhance connectivity, and a shareholder in leading UK
broadband provider Voneus Limited through its investment in Rural
Broadband Solutions Holdings Limited and a shareholder in
PLUG Group Limited,
announces that on
15 January, a further combined capital investment
of £6,198,805 was made into Voneus by its
shareholders.
On 21 November 2024, we
reported a valuation of £11.7m, which equated to
3.2p per GCON share. With this latest
investment, RBSHL's stake in Voneus remained at
41% after Voneus invested £2,543,236 of the total round of
£6,198,805. As in November, Global
Connectivity plc again elected not to invest and now owns a 9.0%
stake in RBSHL's common equity.
The intrinsic value of Voneus should
be expected to have increased at the point of future investment,
which serves to mitigate the effects of dilution for
GCON.
--ENDS--
The information communicated within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No 596/2014
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. Upon publication of this announcement, this
inside information is now considered to be in the public
domain.
The Directors of the Company accept
responsibility for the content of this announcement.
For
more information, contact:
Dr. Keith Harris
Executive Chairman
Global Connectivity plc
Email: info@globalconnectivityplc.com
https://www.globalconnectivityplc.com/
Claire Louise Noyce
AQSE Stock Exchange Corporate
Advisor and AQSE Corporate Broker
Hybridan LLP
Tel: +44 20 3764 2341
Email: claire.noyce@hybridan.com
www.hybridan.com
