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LONDON - Christopher New has reduced his stake in Global Connectivity PLC (LSE:GLCN) to 9.91% from 10.34%, according to a regulatory filing released Tuesday.
The notification, submitted under the UK’s transparency rules, shows that New Developments Ltd. now holds 32,126,667 voting rights in the company. The threshold was crossed on October 14, 2025.
The filing reveals that the voting rights are split between Mr. Christopher New, who controls 4.96% of the company, and Mrs. Zoe Ruth New, who holds 4.95%.
The reduction brings the investor’s stake below the 10% threshold, which typically triggers mandatory disclosure requirements under UK securities regulations.
Global Connectivity PLC, listed on the London Stock Exchange with ISIN GB00B16GQJ90, is a UK-based company. No reason was provided for the change in shareholding in the regulatory announcement.
The notification was made in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, which require shareholders to disclose when their holdings cross certain thresholds.
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