Global Connectivity PLC Payment of GBP550k received in advance (1240Q)
October 13 2023 - 10:01AM
UK Regulatory
TIDMGCON
RNS Number : 1240Q
Global Connectivity PLC
13 October 2023
13 October 2023
Global Connectivity plc
("GCON" or the "Company")
Payment of GBP550k received in advance
Global Connectivity plc (AQSE: GCON), the Company focused on
communication services and technologies that enhance connectivity,
is pleased to announce that it has received GBP550,000 in full and
final settlement of an intercompany debt, paid early and in full,
initiated by Tiger Infrastructure Partners ("Tiger"). Under the
terms of the Agreement signed with Tiger in October 2022, the
Company was contracted to receive cash payments from Tiger, each of
GBP275,000, by 31st December 2023 and by 31(st) December 2024. All
other terms of the Agreement remain the same.
Keith Harris, Executive Chairman, commented: "We are happy to be
receiving these monies in full and ahead of schedule. We are
pleased to have recently announced the Voneus deal on 25
September."
- -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
www.hybridan.com
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END
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