Global Connectivity PLC Further investment in Voneus by its shareholders (1977A)
19 January 2024 - 6:00PM
UK Regulatory
TIDMGCON
RNS Number : 1977A
Global Connectivity PLC
19 January 2024
19 January 2024
Global Connectivity plc
("GCON" or the "Company")
Further investment in Voneus by its shareholders
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
("Voneus") through its investment in Rural Broadband Holdings
Solutions Limited ("RBSHL"), is pleased to announce that on 4
January, a further combined capital investment of GBP25 million was
made into Voneus by its shareholders and lenders.
This investment in Voneus increases RBSHL's stake to 36% from
32%. Global Connectivity plc owns a 15% stake in RBSHL's common
equity.
Keith Harris, Executive Chairman, commented: "We are happy that
our partner in RBSHL has increased its relative funding and thereby
increased our ownership position of Voneus."
- -ENDS --
For more information, contact:
Keith Harris
Executive Chairman
Global Connectivity plc
Email: info@globalconnectivityplc.com
https://www.globalconnectivityplc.com/
Claire Louise Noyce
AQSE Stock Exchange Corporate Advisor and Corporate Broker
Hybridan LLP
Tel: +44 20 3764 2341
Email: claire.noyce@hybridan.com
www.hybridan.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NEXGZGMMKRGGDZM
(END) Dow Jones Newswires
January 19, 2024 02:00 ET (07:00 GMT)
Global Connectivity (AQSE:GCON)
Historical Stock Chart
From Nov 2024 to Dec 2024
Global Connectivity (AQSE:GCON)
Historical Stock Chart
From Dec 2023 to Dec 2024
