REG - Ethernity Networks - Update on OTC Markets listing

Ethernity NetworksAnnouncement

31/08/2023 07:00

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RNS Number : 8664K  Ethernity Networks Ltd  31 August 2023

 

31 August 2023

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

Update on OTC Markets listing

 

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of data processing
semiconductor technology for networking appliances and fibre access controller
for PON networks, announces that, with effect from 1 September 2023, its
ordinary shares ("Ordinary Shares") will cease to trade on the OTCQB Venture
Market ("OTCQB") and commence trading on the Pink Open Market ("Pink Market"),
operated by OTC Markets. The Ordinary Shares will continue to be admitted to
trading on AIM as the Company's primary listing, alongside the admission to
trading on the Pink Market.

The Company's shares were admitted to trading on OTCQB on 6 September 2022.
The Company has decided to transfer to the Pink Market due to the absence of
perceived benefits for Ethernity's shareholders from the OTCQB listing, and
the excessive resources it entailed. Through the admission to trading on the
Pink Market, Ethernity shareholders based in the US will continue to have
access to a platform by which they can trade in the Company's Ordinary Shares.
The Ordinary Shares will trade on the Pink Market under the same ticker
symbol, "ENETF".

For further information, please contact:

 

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

 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) 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.

 

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