Global Connectivity PLC Further investment in Voneus by its shareholders (1977A)
January 19 2024 - 2:00AM
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
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