Global Connectivity Plc Share Price (GCON.PL)

(31.12.24) - Dr. Keith Harris, Executive Chairman of the Company, commented: "We end the year 2024 with a healthy cash balance, a new investment in PLUG and as a shareholder in Voneus, which has an exciting year ahead as it makes ever greater progress in rural connectivity."

Updated NAV post the dilution from the Voneus round = 3.2p vs the current 0.6p.

Lower NAV but higher beta on successful outcomes for Voneus and now PLUG.

#keepcalmcarryon

Financial Highlights

- Netassetsincreasedby£9.4millionfrom£7.8millionat31December2023to£17.2millionat 30 June 2024.

- Asat30June2024thenetassetvaluepershareis4.75p(31December2023:2.16p)

- TheCompanyhasestimatedthefairvalueofitsinvestmentinRBSHL,anunquotedcompany,

and recognised an increase in that fair value.

- Asat30June2024,GCONhadcurrentcashof£318thousandwithadditionalfundingdueby31 December 2024.

- RunningcostsofGCONhaveforaquotedcompanybeenkeptataminimallevel.