REG - Ethernity Networks - Director dealings

Ethernity NetworksAnnouncement

06/05/2022 17:15

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RNS Number : 6693K  Ethernity Networks Ltd  06 May 2022

06 May 2022

 

Ethernity Networks Ltd

("Ethernity" or the "Company")

 

Director dealings

 

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking
processing semiconductor technology ported on FPGA (field programmable gate
array) for virtualised networking appliances, has today been informed of the
following transactions in the ordinary shares of NIS 0.001 each in the Company
("Ordinary Shares") by certain Directors of the Company.

 

Yosi Albagli, Chairman of the Company, has today purchased 10,000 Ordinary
Shares at a price of 18.6p per share. Following this purchase, Mr Albagli is
now interested in 47,106 Ordinary Shares, equivalent to 0.07% of the Company's
issued share capital.

 

David Levi, CEO, has today purchased 150,000 Ordinary Shares at a price of
18.59p per share. Following this purchase, Mr Levi is now interested in
9,587,160 Ordinary Shares, equivalent to 12.72% of the Company's issued share
capital.

 

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                                                         Joseph ("Yosi") Albagli
 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  ordinary shares of NIS 0.001 nominal value each

      Identification code

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

                                                                                     Price(s)          Volume(s)
                                                                                     18.6p             10,000

 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      06 May 2022
 f)   Place of the transaction                                     XLON: London Stock Exchange

 

 

 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  ordinary shares of NIS 0.001 nominal value each

      Identification code

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

                                                                                     Price(s)          Volume(s)
                                                                                     18.59p            150,000

 d)   Aggregated information                                       N/A
 e)   Date of the transaction                                      06 May 2022
 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
 Mark Reichenberg, 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 (Sales and Corporate Broking)

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

 Arden Partners plc (Joint Broker)                                 Tel: +44 (0)20 7614 5900
 Tim Dainton

 

About Ethernity Networks

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

 

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