6 January 2025
("GCON" or the "Company")
Subscriptions due update
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 announcements on 18 December 2024 and 31 December 2024 regarding the unpaid share capital, the Company now confirms that it is still 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 became overdue on 1 January 2025.
As a result of this debt, and to prevent further sales of these unpaid for shares, the Company has exercised its lien over the 18,662,500 shares which are directly held by Mr Hersh, which represents 5.67% of the newly reduced share capital, as a result of which Mr Hersh will not be permitted to trade those shares unless and until they have been paid for. The Company is now considering what further steps to take in relation to the unpaid shares and will update the market as necessary.
--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.
