REG - Ethernity Networks - Notice of EGM

Ethernity NetworksAnnouncement

11/02/2026 11:30

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RNS Number : 6237S  Ethernity Networks Ltd  11 February 2026

11 February 2026

Ethernity Networks Limited

("Ethernity" or the "Company")

 

Notice of EGM

 

Ethernity Networks Limited (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier
of data processing and PON semiconductor technology for networking appliances,
announces, that it is posting today a circular and notice convening an
extraordinary general meeting of the Company (the "EGM"). The EGM will be held
at 11:00 a.m. Israel time (9:00 a.m. UK time) at the Company's offices at 3rd
Floor, Beit Golan, 1 Golan St., Corner HaNegev, Airport City 7019900, Israel
on 18 March 2026.

 

At the EGM, shareholders will be asked to approve resolutions to:

 

·      increase the Company's share authorities to issue and allot up to
15,000,000,000 new ordinary shares of no par value ("Ordinary Shares") on a
non-pre-emptive basis; and

 

·      approve the conversion of unpaid salary and director fees of
certain directors of the Company into new Ordinary Shares at the recent
placing price of 0.004p, with such amount to be converted to be up to
£70,000.

 

The share authorities are being sought to enable the grant of Warrants
associated with the Placing, details of which were announced on 2 February
2026, together with providing additional fundraising capacity, should it be
required.

 

Defined terms in this announcement shall have the same meaning as defined in
the Placing announcement issued on 2 February 2026, unless otherwise defined
herein.

 

For further information, please contact:

 

 Ethernity Networks Ltd                                        Tel: +972 3 748 9846
 David Levi, CEO

 Tomer Assis, CFO

 Allenby Capital Limited (Nominated Adviser and Joint Broker)  Tel: +44 (0)20 3328 5656
 James Reeve / Piers Shimwell (Corporate Finance)

 Amrit Nahal (Sales & Broking)

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

 CMC Markets UK plc (Joint Broker)                             Tel: +44 (0)20 3003 8632
 Douglas Crippen

 
About Ethernity Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative
networking and security solutions on programmable hardware, enhancing
telco/cloud infrastructure capacity. Its semiconductor logic enables advanced
data processing for networking applications, alongside patented wireless
access and fiber media controllers. Ethernity's solutions accelerate
time-to-market and support the deployment of 5G over wireless and fiber
infrastructure.

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