REG - Ethernity Networks - Adjournment of General Meeting

Ethernity NetworksAnnouncement

09/04/2024 09:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240409:nRSI8547Ja&default-theme=true

RNS Number : 8547J  Ethernity Networks Ltd  09 April 2024

 

9 April 2024

 

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 

Adjournment of General Meeting

 

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data
processing and fibre access semiconductor technology for networking
appliances, announces that its general meeting due to be held earlier today
(the "General Meeting") has been adjourned.

 

Pursuant to the company's Articles of Association and as set out in the notice
of General Meeting, a general meeting of shareholders is quorate if there are
two or more shareholders present in person or by proxy and holding ordinary
shares conferring in aggregate 25 per cent. or more of the voting power of the
Company.

At the General Meeting, shareholders present in person or by proxy did not
represent ordinary shares conferring 25 per cent. or more of the voting rights
of the Company and therefore the meeting was not quorate.

As set out in the notice of General Meeting, if within half an hour from the
time appointed for the General Meeting a quorum is not present, the General
Meeting shall be adjourned to the same day in the next week, at the same time
and place. Only those shareholders registered in the Company's register of
shareholders as of close of business (UK time) on 2 April 2024 are entitled to
attend and/or vote at the adjourned meeting. Two or more shareholders who
attend the adjourned meeting in person or by proxy will constitute a quorum,
regardless of the number ordinary shares they hold or represent.

The adjourned general meeting will therefore be held at 3rd Floor Beit Golan,
1 Golan St. Corner HaNegev, Airport City 7019900, Israel at 11:00 a.m. IST
(09:00 a.m. BST) on 16 April 2024 (the "Adjourned Meeting"). Valid proxy votes
submitted in respect of the General Meeting will be counted at the Adjourned
Meeting. Based on the proxy votes and forms of direction received for the
General Meeting, had the meeting been quorate, the resolutions would have been
passed.

 

For further information, please contact:

 

 Ethernity Networks Ltd                                         Tel: +972 3 748 9846
 David Levi, Chief Executive Officer

 Ayala Deutsch, Chief Financial Officer

 Allenby Capital Limited (Nominated Adviser and Joint Broker)   Tel: +44 (0)20 3328 5656
 James Reeve / Piers Shimwell (Corporate Finance)

 Amrit Nahal / Stefano Aquilino (Sales and Corporate Broking)

 CMC Markets UK plc (Joint Broker)                              Tel: +44 (0)20 3003 8632

 Douglas Crippen

 Peterhouse Capital Limited (Joint Broker)                      Tel: +44 (0)20 7562 0930
 Lucy Williams / Duncan Vasey / Eran Zucker

 

About Ethernity (www.ethernitynet.com)

 

Ethernity Networks (AIM: ENET.L OTCMKTS: ENETF) provides innovative,
comprehensive networking and security solutions on programmable hardware that
increase telco/cloud network infrastructure capacity. Ethernity's
semiconductor logic offers data processing functionality for different
networking applications, innovative patented wireless access technology, and
fibre access media controllers, all equipped with control software with a rich
set of networking features. Ethernity's solutions quickly adapt to customers'
changing needs, improving time-to-market, and facilitating the deployment of
5G over wireless and fibre infrastructure.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGUPUMWCUPCURB