Gold bars to be exempt from tariffs, White House clarifies
LONDON - Global Connectivity plc (AQSE:GCON), a company focused on holdings in communication services and technologies firms, announced Tuesday it has increased its stake in PLUG Group Limited with an additional investment of £25,000.
The investment, completed on June 30, was made through the purchase of new shares at £2.00 each, giving GCON an additional 1 percent ownership in PLUG. Following this transaction, GCON now holds a 7 percent stake in the company.
PLUG Group has begun extracting Telefonica (NYSE:TEF) Brazil’s decommissioned copper cables and is in negotiations with V.tal Brazil and several other carriers in Europe, according to the statement.
"We are delighted to be making a further investment in PLUG," said Dr. Keith Harris, Executive Chairman of Global Connectivity.
The transaction maintains the same post-money valuation as GCON’s previous investments in PLUG Group.
Global Connectivity describes itself as a company focused on holdings in businesses that provide communication services and technologies that enhance connectivity.
The information was disclosed in a regulatory announcement to the Aquis Stock Exchange, where Global Connectivity is listed under the ticker GCON.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.