REG - Ethernity Networks - Directorate Change

Ethernity NetworksAnnouncement

26/07/2023 07:00

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RNS Number : 1746H  Ethernity Networks Ltd  26 July 2023

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.

 

26 July 2023

 

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 

Directorate Change and Amendment to Resolution of the Annual General Meeting

Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data
processing semiconductor technology for networking appliances, announces that
by mutual agreement, Mark Reichenberg, Chief Financial Officer, will be
stepping down from the Board with effect from 31 July 2023.

The Board has commenced an internal and external search for a suitable
candidate for the role of Chief Financial Officer and the Company will make a
further announcement in due course. In the interim period, Ayala Deutsch, Vice
President of Finance, will manage the CFO duties.

Amendment to proposed Annual General Meeting ("AGM") Resolution

Resolution 5 proposed for the AGM of 14 August 2023 provides for the
re-election of Mark Reichenberg as a director, this resolution will now not be
proposed at the meeting.

Yosi Albagli, Ethernity's Chairman, said:

 

"I would like to sincerely thank Mark for his significant contribution to the
development of the Company, both for his role in assisting the Company's
Admission to AIM and his role as CFO; we all wish Mark every success in the
future".

 

 

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 / Stefano Aquilino (Sales and Corporate Broking)

 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 OTCQB: 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.

 

 

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