LONDON - Global Connectivity plc (AQSE: GCON), a company engaged in enhancing communication services and technologies, disclosed a significant transaction by its Executive Chairman, Dr. Keith Harris. On the last day of the previous year, Dr. Harris surrendered 20 million Ordinary Shares, which were subsequently cancelled by the company. In a concurrent move, his Self-Invested Personal Pension (SIPP) acquired an equal number of newly issued shares at a price of 1 penny per share, amounting to a total consideration of £200,000.
This transaction has not altered the total number of issued shares and voting rights in the company, which remains at 329,426,143, as previously reported on December 31, 2024. Including the shares held by his wife, Dr. Harris now has a total shareholding of 36,126,667 in Global Connectivity. The shares acquired by Dr. Harris’s SIPP will rank equally in all respects with the existing ordinary shares.
The notification, provided in accordance with the UK Market Abuse Regulation, details the transaction’s nature and the relevant financial instrument’s identification code (ISIN: GB00B16GQJ90). The event took place in the United Kingdom (TADAWUL:4280) at 8:30 AM on December 31, 2024.
The announcement ensures that the information, previously considered inside information under the Market Abuse Regulations, is now publicly available, in line with legal requirements. The directors of Global Connectivity have taken responsibility for the contents of the announcement.
This transaction comes at a time when Global Connectivity continues to be a shareholder in leading UK broadband provider Voneus Limited, through its investment in Rural Broadband Solutions Holdings Limited, and in PLUG Group Limited. The company, however, has not provided further details on the strategic implications of this shareholding adjustment.
The information in this article is based on a press release statement from Global Connectivity plc.
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