Operational Update from Portfolio Company - PLUG

Summary by AI BETAClose X

Global Connectivity Plc noted an operational update from PLUG Group Ltd, announcing the successful completion of a pilot copper cable extraction program for Telefonica Brazil. Following the pilot, PLUG has been added to Telefonica's preferred supplier list. To support operations in Brazil, PLUG is undertaking a fundraising round issuing 50,000 new ordinary shares at £21 per share. Global Connectivity currently holds 87,500 ordinary shares in PLUG, representing 7.0% of the issued share capital, with an investment of £175,000 made across December 2024 and April 2025.

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