6 January 2025
("GCON" or the "Company")
PDMR Shareholding
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 the following dealing in shares by a person discharging managerial responsibility:
PDMR: Dr Keith Harris
Transaction and Price: On 31 December 2024, the Director who is the Executive Chairman, Dr Keith Harris surrendered the 20 million Ordinary Shares held directly in certificated form, which were then cancelled by the Company. Dr Keith Harris's SIPP, which is his pension, then purchased 20 million newly issued Ordinary Shares simultaneously for a total consideration of £200,000 at 1 penny per share.
Total shares held by Dr Keith Harris (and including that of his wife): 36,126,667.
These shares shall rank pari passu in all respects with the existing ordinary shares of £0.01 each already in issue.
Following this transfer, the total number of issued shares and the total number of voting rights in the Company is still 329,426,143 as updated in an announcement on 31 December 2024.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further information.
Notification of a Transaction pursuant to Article 19(1) of the UK Market Abuse Regulation:
1.Details of the person discharging managerial responsibilities/persons closely associated
a. Name: Dr Keith Harris
2.Reason for the Notification
a. Position/Status: Executive Chairman
b. Initial Notification/Amendment: Initial
3.Details of Issuer
a. Name: Global Connectivity Plc
b. LEI: 213800MCRBNG3UHI1A31
4.Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a. Description of the financial instrument, type of instrument/Identification code (ISIN): Ordinary Shares of £0.01 each/ GB00B16GQJ90
b. Nature of the transaction: Surrender of 20 million Ordinary Shares held directly in certificated form, which were then cancelled by the Company. Dr Keith Harris's SIPP purchased 20 million newly issued Ordinary Shares simultaneously.
c. Price(s) and volume(s):
Price Volume
£200,000.00 20,000,000
d. Aggregated information:
Aggregated volume Price
20,000,000 £200,000.00
e. Date and time of the transaction: 31/12/2024 at 0830.
f. Place of the transaction: United Kingdom
--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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
