REG - Ethernity Networks - Completion of Creditor Settlement Payments

Ethernity NetworksAnnouncement

29/05/2025 07:00

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RNS Number : 4684K  Ethernity Networks Ltd  29 May 2025

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the Market
Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.

 

29 May 2025

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

 

Completion of Creditor Settlement Payments

 

Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of
data processing and PON semiconductor technology for networking appliances, is
pleased to announce the successful completion of all creditor payments under
its previously approved settlement arrangement.

 

The court-appointed settlement manager has submitted a formal report to the
court in Lod ("Court") confirming that Ethernity has fulfilled its obligations
in full, completing all required payments to creditors in accordance with the
settlement terms (the "Settlement Plan"). The Company now awaits formal
confirmation from the Court that Ethernity is no longer operating under the
Settlement Plan, which will mark the conclusion of the settlement process.

 

This milestone demonstrates the Company's commitment to financial discipline
and operational stability. The Company continues to make progress with its
commercial strategy, including its FPGA-based UEP solution for both the
Wireless and PON markets, as well as the development of its planned ASIC
business.

 

For further information, please contact:

 

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

 Tomer Assis, 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

 

 

About Ethernity Networks

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

 

 

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