REG - Ethernity Networks - Director/PDMR Shareholding

Ethernity NetworksAnnouncement

07/05/2020 15:35

RNS Number : 3232M
  
Ethernity Networks Ltd
  
07 May 2020
  
 

 
7 May 2020 
ETHERNITY NETWORKS LTD.
("Ethernity" or the "Company")
Director's Dealing
 
Ethernity (AIM: ENET), a leading supplier of functional acceleration ethernet adapter cards on FPGA (field programmable gate array) for virtualised networking appliances, has been notified that, on 7 May 2020, David Levi, Chief Executive Officer, purchased 59,162 ordinary shares of NIS 0.001 nominal value each in the share capital of the Company ("Shares") at 40p per Share
 
Following this purchase, Mr Levi is beneficially interested in 6,827,062 Shares, representing 20.9 per cent. of the Company's issued share capital.
 
 
For further enquiries please contact: 




Ethernity Networks Ltd 


+972 8 915 0392




David Levi, Chief Executive Officer
Mark Reichenberg, Chief Financial Officer 


 




 


 




Arden Partners plc (Nominated Adviser, Broker) 


+44 207 614 5900 




Richard Johnson / Benjamin Cryer


 




 


 




The PR Office (Investor Relations)


+44 207 284 6969 




Marc Cohen/Tom Gilby
 
ethernity@theproffice.com 


 




 
About Ethernity (www.ethernitynet.com)
Ethernity Networks Ltd. (AIM: ENET) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating  telco/cloud networks performance. Ethernity's FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity's complete solutions quickly adapt to customers' changing needs, improving time-to-market and facilitating the deployment of 5G, edge computing, and different NFV appliances including 5G UPF, SD-WAN, vCMTS and vBNG with the current focus on 5G emerging appliances.
 
The notifications below are made in accordance with the requirements of the EU regulation on market abuse.
 
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
 




1 
 


Details of the person discharging managerial responsibilities / person closely 
associated 
 




a) 
 


Name 
 


David Levi
 




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Director




b) 
 


Initial notification /Amendment 
 


Initial notification




3 
 


Details of the issuer, emission allowance market participant, auction platform, 
auctioneer or auction monitor 
 




a) 
 


Name 
 


Ethernity Networks Ltd.




b) 
 


LEI 
 


213800LZJO33QBNXU496




4 
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; 
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions 
have been conducted 
 




a) 
 


Description of the financial instrument, type of instrument 
 
Identification code


ordinary shares of NIS 0.001 nominal value each
 
 
ISIN: IL0011410359




 


 




 


 




 


 




b) 
 


Nature of the transaction 
 


Market purchase




c) 
 


Price(s) and volume(s) 


 


 


 


 




 


 


Price(s)


Volume(s)


 




 


 


40p


59,162


 




 


 


 


 


 




 


 


 


 


 




d) 
 


Aggregated information 


 




 


 




- Aggregated volume


59,162




 


 




- Price
 
- Aggregated total


40p
 
£23,664.80




 


 




e) 
 


Date of the transaction 
 


7 May 2020 




f) 
 


Place of the transaction 
 


London Stock Exchange, AIM Market (XLON)




 


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