REG - Ethernity Networks - Result of EGM

Ethernity NetworksAnnouncement

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RNS Number : 3628V  Ethernity Networks Ltd  14 August 2025

14 August 2025

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")

 

Result of EGM

 

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier
of data processing semiconductor technology for networking appliances and PON,
is pleased to confirm that at the Extraordinary 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

 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 (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 Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative,
comprehensive networking and security solutions on programmable hardware,
enhancing telco/cloud network infrastructure capacity. Ethernity's
semiconductor logic offers data processing functionality for various
networking applications, alongside patented wireless access technology and
fiber access media controllers, all equipped with control software boasting a
rich set of networking features. Ethernity's solutions swiftly adapt to
customers' evolving needs, accelerating time-to-market and facilitating the
deployment of 5G over wireless and fiber infrastructure.

 

 

 

 

Appendix A

 

 All resolutions and voting undertaken and counted in terms of Israel Companies
 Law
                                                                        Outcome  Votes For      Votes Against  %       %         Votes Withheld

 Resolution                                                                                                    For     Against
 1.   Increasing the authorised share capital of the Company            Passed   526,583,563    161,599,860    76.52%  23.48%    14,357
 2.   Disapplication of pre-emption rights on equity issues for cash    Passed   518,571,515    169,611,908    75.35%  24.65%    14,357

 

The approval of Resolution 2 requires the affirmative vote of three fourths of
the Ordinary Shares.

It achieved the required majority to be approved.

 

Total votes cast were 688,197,780 representing 13.66% of the Company's total
issued share capital.

 

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