REG - Ethernity Networks - Holding(s) in Company

Ethernity NetworksAnnouncement

27/11/2023 17:00

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RNS Number : 8122U  Ethernity Networks Ltd  27 November 2023

Notification of major holdings

1. Issuer Details

Issuer Name

Ethernity Networks Ltd

UK or Non-UK Issuer

Non-UK Issuer

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

5G Innovation Leaders Fund, LLC and affiliates (the "Shareholder")

City of registered office (if applicable)

Wilmington, Delaware

Country of registered office (if applicable)

USA

4. Details of the shareholder

 Name                                          City of registered office  Country of registered office
 BNP Paribas Securities Services as Custodian  New York                   USA

 

5. Date on which the threshold was crossed or reached

22 November 2023

6. Date on which Issuer notified

27 November 2023

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  13.39%                                                N/A                                                                        13.39%                          26,000,000
 Position of previous notification (if applicable)                          23.13%                                                N/A                                                                        23.13%

 

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 Ordinary Shares                                                                       26,000,000                                                                       13.39%
 Sub Total 8.A                                26,000,000                                                                            13.39%

 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

 

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

 

9. Information in relation to the person subject to the notification
obligation

N/A

10. In case of proxy voting

N/A

11. Additional Information

The Shareholder hereby informs Ethernity Networks Ltd that as of 27 November
2023, the Shareholder holds 26,000,000 voting shares of Ethernity Networks
Ltd, which is equivalent to a voting share ownership percentage of 13.39% of
Ethernity Networks Ltd, as of the same date.

This notice is being delivered to Ethernity Networks Ltd pursuant to Article
73 of the Amended and Restated Articles of Association of Ethernity Networks
Ltd.

12. Date of Completion

27 November 2023

13. Place Of Completion

United States of America

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