Acquisition of Shares in Plug Networks LLC-FZ
Global Connectivity PLC
29 September 2026
29 September 2026
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019. Upon publication of this announcement, this inside information is now considered to be in the public domain.
Global Connectivity Plc (the "Company")
Acquisition of Shares in Plug Networks LLC-FZ
Global Connectivity Plc (AQSE: GCON), an investing Company focused on strategic holdings in high-growth, connectivity-aligned technologies, is pleased to announce that is has received confirmation today that it has acquired 88,000 ordinary shares ("Shares") in PLUG Networks LLC-FZ ("Networks").
GCON acquired these Shares in Networks as per the regulations of Meydan Free Zone, a freezone trade area in the United Arb Emirates.
GCON's ownership is 8% of the issued share capital which was acquired in total at a substantial discount from the recent equity fund raises by Networks at $0.05 for a total cost of $4,400.00.
The management of Networks confirms that major carriers acknowledge the effectiveness and importance of Networks' technology to extract vast amounts of buried copper cables. GCON will, in due course, report on the progress of Networks as this business develops.
The Directors of Global Connectivity Plc accept responsibility for the contents of this announcement.
- ENDS -
For more information, contact:
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
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