10th Oct 2025 12:37
Global Connectivity PLC - Isle of Man-based broadband provider to rural areas in the UK - Raises GBP200,000 through placing and subscription of 13.3 million shares at 1.5 pence per share. Fundraises comprises placing of 10.0 million shares raising around GBP150,000 from existing shareholders, and subscription by Chair Keith Harris of 3.3 million shares for approximately GBP50,000. Notes the placing price represents an estimated 30% premium to the mid-market closing price on Thursday. Adds that proceeds will be used for additional working capital purposes.
Current share price: 1.15 pence, up 9.5% on Friday afternoon on London's Aquis Exchange
12-month change: down 12%
By Christopher Ward, Alliance News reporter
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