REG - Ethernity Networks - Director dealing

Ethernity NetworksAnnouncement

06/12/2024 07:00

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RNS Number : 0489P  Ethernity Networks Ltd  06 December 2024

6 December 2024

 

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

Director dealing

 

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier
of data processing semiconductor technology for networking appliances,
announces that it has been informed by David Levi, Chief Executive Officer,
that he has purchased 5,000,000 ordinary shares of NIS 0.001 each in the
Company ("Ordinary Shares") at an average price of 0.13p per share. Following
this purchase, and including the 4,887,218 new Ordinary Shares subscribed for
in the placing announced on 4 December 2024, David Levi holds 41,704,616
Ordinary Shares, equivalent to 4.17% of the Company's total issued share
capital (as enlarged by the placing shares due to admit to trading on AIM on
or around 10 December 2024).

 

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                                              Chief Executive Officer
 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  ordinary shares of NIS 0.001 nominal value each

      Identification code

                                                                   ISIN: IL0011410359
 b)   Nature of the transaction                                    Purchase of Ordinary Shares
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.13p             1
                                                                                     0.13p             999,999
                                                                                     0.128p            500,000
                                                                                     0.128p            500,000
                                                                                     0.128p            1,000,000
                                                                                     0.128p            1,000,000
                                                                                     0.128p            1,000,000

 d)   Aggregated information

      -     Aggregated volume

      -     Av. Price                                              5,000,000

                                                                   0.1285714p

 e)   Date of the transaction                                      5 December 2024
 f)   Place of the transaction                                     XLON: London Stock Exchange

 

 

For further information, please contact:

 

 Ethernity Networks Ltd                                         Tel: +972 8 915 0392
 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 / Eran Zucker

 

 

About Ethernity (www.ethernitynet.com (http://www.ethernitynet.com) )

Ethernity Networks (AIM: ENET.L, OTCMKTS: ENETF) provides innovative,
comprehensive networking and security solutions on programmable hardware for
accelerating telco/cloud networks. Ethernity's semiconductor 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 NFV.

 

 

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