31 December 2024
("GCON" or the "Company")
Updated share
capital
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 further to the announcement on 18 December 2024 regarding the
unpaid share capital, the Company now confirms that 32,500,000
Ordinary Shares have been cancelled from the shares returned by Mrs
Livia Meyer. The Company has also received £50,000.00 from Mrs
Livia Meyer for 5,000,000 Ordinary Shares at 1 penny.
The Company is also delighted to
announce that, again further to the details in the announcement on
18 December, it has received £200,000.00 for the 20,000,000
Ordinary Shares at 1 penny from Dr. Keith Harris.
This settles the payments for the
shares in full for Mrs. Livia Meyer and Dr. Keith
Harris.
The Company has yet to hear as to
how Mr. Barry Hersh, a former consultant of the Company, intends to
settle his £375,000.00 debt, for his 37,500,000 Ordinary Shares,
which becomes due by the close of business today.
Dr. Keith Harris, Executive Chairman
of the Company commented: "We end the year 2024 with a healthy cash
balance, a new investment in PLUG and as a shareholder in Voneus
which has an exciting year ahead as it makes ever greater progress
in rural connectivity."
Total Voting Rights
The total
number of Ordinary Shares in the Company in issue is now reduced
to 329,426,143 and
this figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company.
--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 Corporate Broker
Hybridan LLP
Tel: +44 20 3764 2341
Email: claire.noyce@hybridan.com
www.hybridan.com