REG - Ethernity Networks - Extension of warrant instruments

Ethernity NetworksAnnouncement

07/02/2025 07:00

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RNS Number : 2514W  Ethernity Networks Ltd  07 February 2025

7 February 2025

 

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 

Extension of warrant instruments

 

Ethernity Networks Limited (AIM: ENET.L) (OTCQB: ENETF), a leading supplier of
data processing semiconductor technology for networking appliances, announces
the extension of the expiration date of 19,874,088 warrants (the "Warrants")
that were granted in connection with the fundraise undertaken by the Company
in January 2023 (the "January 2023 Fundraise").

 

The Company has today extended the expiry date of the Warrants by twenty four
months to 8 February 2027.

 

The Board considers that it is appropriate to extend the expiry date of the
Warrants to provide the Warrant holders with the opportunity to exercise their
warrants into shares at a later stage.

 

All of the other terms of the Warrants remain unchanged as announced on 17
January 2023 and 25 May 2023 (when the exercise price was varied to 6p).

 

Director holdings of Warrants

 

David Levi and Shavit Baruch hold 3,028,571 and 668,771 warrants respectively,
by virtue of their participation in the January 2023 Fundraise. However, these
3,697,342 warrants have not been extended and therefore expire on 8 February
2025.

 

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)

                                                                                                                                                                                                         Tel: +44 (0)20 3003 8632

 CMC Markets UK plc (Joint
 Broker)

 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) 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
Broadband Networks.

 

 

 

 

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