Gold bars to be exempt from tariffs, White House clarifies
LONDON - Global Connectivity plc (AQSE:GCON), a communication services and technology firm with investments in broadband providers, has updated its shareholders on the valuation of its holding in Rural Broadband Solutions Holdings Limited (RBSHL). As of today, GCON’s 2.8% stake in RBSHL is valued at £3.9 million, equating to 1.3 pence per GCON share.
This valuation reflects a change from the previous announcement on November 21, 2024, where GCON’s holding in RBSHL was valued at £11.7 million, or 3.2 pence per GCON share. RBSHL currently holds a 43.9% stake in Voneus Limited, a leading UK broadband provider, before a planned £5.8 million investment later this month.
GCON’s adjusted stake in RBSHL comes after a recent investment made on April 30, which resulted in the company owning a 2.8% stake in RBSHL’s common equity. The Board of Directors has confirmed the new valuation of GCON’s stake.
Furthermore, GCON anticipates releasing its Full Year Results for the period ending December 31, 2024, before the end of May 2025. The Directors of the company have taken responsibility for the content of the announcement, which contains information considered inside information under the Market Abuse Regulations (EU) No 596/2014, now part of UK law.
This update is based on a press release statement and aims to inform shareholders and the public of the current financial position of GCON’s investment in RBSHL. The company’s next financial disclosure is expected to provide further insights into its performance and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.