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RNS Number : 3151Z Ethernity Networks Ltd 12 May 2023
The information contained within this announcement is deemed by the Company to
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Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this
announcement via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
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UNLAWFUL.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE
FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR)
ORDINARY SHARES TO ANY PERSON WITH A REGISTERED ADDRESS IN, LOCATED IN, OR WHO
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12 May 2023
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Subscription, Result of Broker Option, and Total Voting Rights
Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data
processing semiconductor technology for virtualized networking appliances,
announces that, following receipt of positive interest from two senior
engineers of the Company's PON development team, the Company decided to
undertake a subscription (the "Subscription") and is pleased to announce that
the Subscription has raised a total of £33,500 at the Issue Price of 3p per
share through the issue of 1,116,667 new Ordinary Shares ("Subscription
Shares").
Further, the Company announces that the Broker Option announced on 11 May 2023
has now closed. No shares will be issued under the Broker Option.
Admission to trading
Application has been made to the London Stock Exchange for the Placing Shares
and Subscription Shares to be admitted to trading on AIM ("Admission").
Admission is expected to occur at 8.00 a.m. on or around 18 May 2023. The
Placing Shares and Subscription Shares will rank pari passu with the Company's
existing Ordinary Shares.
Total voting rights
Following Admission, the Company's enlarged issued share capital will be
130,161,305 Ordinary Shares. The Company holds no Ordinary Shares in Treasury.
This figure of 130,161,305 Ordinary Shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Defined terms in this announcement shall have the same meaning as set out in
the announcement made on 11 May 2023, unless otherwise specified herein.
For further information, please contact:
Ethernity Networks Ltd Tel: +972 8 915 0392
David Levi, Chief Executive Officer
Mark Reichenberg, 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)
Peterhouse Capital Limited (Joint Broker) Tel: +44 (0)20 7562 0930
Lucy Williams / Duncan Vasey / Eran Zucker
About Ethernity (www.ethernitynet.com (http://www.ethernitynet.com) )
Ethernity Networks (AIM: ENET.L OTCQB: ENETF) 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 NFV.
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