Global Connectivity - Payment of £550k received in advance

Global Connectivity

13/10/2023 16:01

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RNS Number : 1240Q  Global Connectivity PLC  13 October 2023

13 October 2023

 

Global Connectivity plc

("GCON" or the "Company")

 

Payment of £550k received in advance

 

Global Connectivity plc (AQSE: GCON), the Company focused on communication
services and technologies that enhance connectivity, is pleased to announce
that it has received £550,000 in full and final settlement of an intercompany
debt, paid early and in full, initiated by Tiger Infrastructure Partners
("Tiger"). Under the terms of the Agreement signed with Tiger in October 2022,
the Company was contracted to receive cash payments from Tiger, each of
£275,000, by 31st December 2023 and by 31(st) December 2024. All other terms
of the Agreement remain the same.

 

Keith Harris, Executive Chairman, commented: "We are happy to be receiving
these monies in full and ahead of schedule. We are pleased to have recently
announced the Voneus deal on 25 September."

 

--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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