PLUG fundraising & GCON Director participation

Summary by AI BETAClose X

Global Connectivity Plc announced that its investee company, PLUG Group Limited, successfully raised £1.05 million by issuing 50,000 shares at £21 per share, resulting in a director of Global Connectivity participating with a £105,000 investment. Global Connectivity's existing holding in PLUG, valued at £175,250 for a 7% ownership, now represents a 6.73% stake following the fundraising, which occurred at a valuation ten times higher than Global Connectivity's entry price.

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