Ethernity Networks Ltd Grant of options
May 02 2024 - 1:00AM
RNS Regulatory News
RNS Number : 9010M
Ethernity Networks Ltd
02 May 2024
02 May 2024
ETHERNITY NETWORKS
LIMITED
("Ethernity" or the
"Company")
Grant of
options
Ethernity Networks Limited (AIM:
ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing
semiconductor technology for networking appliances, announces that,
further to the announcement on 1 March 2024 (the "Announcement") and following the
approval of the resolutions at the general meeting of the Company
on 16 April 2024, the Company has granted the 17,377,225 options
(the "Options") to certain
directors of the Company on the proposed terms set out in the
Announcement, as follows:
|
Director
|
No. of Options
granted
|
Total options over Ordinary
Shares now held
|
Percent of issued share
capital
|
|
David Levi (CEO)
|
11,447,309
|
11,647,309
|
3.08%
|
|
Shavit Baruch (VP
R&D)
|
4,235,247
|
4,435,247
|
1.17%
|
|
Ayala Deutsch (CFO)
|
1,200,000
|
1,270,000
|
0.34%
|
|
Yosi Albagli (Chairman)
|
494,669
|
494,669
|
0.13%
|
|
TOTAL
|
17,377,225
|
17,847,225
|
4.73%
|
The Options have an exercise price
of 1.5p and vest over three years in 12 equal portions, with 1/12
of the Options vesting at the end of each quarter following the
date of grant.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
|
1
|
Details of the person discharging
managerial responsibilities / person closely associated
|
|
a)
|
Name
|
1. David Levi,
CEO
2. Shavit Baruch, VP,
R&D
3. Ayala Deutsch,
CFO
4. Yosi Albagli,
Chairman
|
|
2
|
Reason for the
notification
|
|
a)
|
Position/status
|
As per 1(a)
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform,
auctioneer
or auction monitor
|
|
a)
|
Name
|
Ethernity Networks Ltd.
|
|
b)
|
LEI
|
213800LZJO33QBNXU496
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii)
each date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
ordinary shares of NIS 0.001 nominal
value each
ISIN: IL0011410359
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
Exercise Price(s)
|
Volume(s)
|
|
All 1.5p
|
1. 11,447,309
2. 4,235,247
3. 1,200,000
4. 494,669
|
|
|
d)
|
Aggregated information
|
N/a - single transactions
|
|
e)
|
Date of the transaction
|
01 May 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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 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.
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