| Date | 31 Dec 2024 |
| Time | 13:00:01 |
| Category | Miscellaneous |
| ID | 7862R |
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: [email protected]
https://www.globalconnectivityplc.com
Claire Louise Noyce
AQSE Stock Exchange Corporate Advisor and Corporate Broker
Hybridan LLP
Tel: +44 20 3764 2341
Email: [email protected]