REG - Ethernity Networks - Result of AGM

Ethernity NetworksAnnouncement

28/08/2024 09:45

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RNS Number : 9934B  Ethernity Networks Ltd  28 August 2024

 

28 August 2024

 

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 

Result of Annual General Meeting

 

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of data processing
semiconductor technology for networking appliances and fiber access controller
for PON networks, is pleased to confirm that at its Annual General Meeting,
held earlier today, all resolutions put to shareholders were duly passed on a
poll.  The voting results are set out in Appendix A at the end of this
announcement.

 

For further information, please contact:

 

 Ethernity Networks Ltd                                         Tel: +972 3 748 9846
 David Levi, Chief Executive Officer

 Ayala Deutsch, 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)

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

 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 OTCMKTS: 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.

 

 

 

 

 

 

 

 

 

 

Appendix A

 

 All resolutions and voting undertaken and counted under the Israel Companies
 Law
                                                                               Outcome  Votes For    Votes Against  %       %         Votes Withheld

 Resolution                                                                                                         For     Against
 1.   Reappointment of the Independent External Auditor                        Passed   150,489,130  4,223,550      97.27%  2.73%     0
 2.   Increasing the authorised share capital of the Company                   Passed   147,955,107  6,757,573      95.63%  4.37%     0
 3.   Disapplication of pre-emption rights on equity issues for cash           Passed   147,941,634  6,771,046      95.62%  4.38%     0
 4.   Ratification of Reappointment of Mr. Albagli as a Member of the Board    Passed   150,489,130  4,223,550      97.27%  2.73%     0
 and Remuneration of Mr. Albagli as Chairman of the Board
 5.   Ratification of Appointment of Ms. Ayala Deutsch as a Member of the      Passed   150,489,130  4,223,550      97.27%  2.73%     0
 Board

 

Total votes cast were 154,712,680 representing 29.96% of the Company's total
issued share capital.

 

 

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