Global Connectivity - Further investment in Voneus by its shareholders

Global Connectivity

19/01/2024 07:00

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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 £25
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/
(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 (mailto:claire.noyce@hybridan.com)

www.hybridan.com (http://www.hybridan.com)

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