Ethernity Networks Ltd Exercise of 30p warrants (9294P)
February 23 2021 - 1:00AM
UK Regulatory
TIDMENET
RNS Number : 9294P
Ethernity Networks Ltd
23 February 2021
23 February 2021
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Exercise of 30p Warrants
Ethernity (AIM: ENET ), a leading supplier of data processing
offload solutions on programmable FPGA (field programmable gate
array) hardware for accelerating telco/cloud networks , announces
that it has received notice to exercise warrants, at 30p per share
("30p Warrants"), to subscribe for a total of 20,834 new ordinary
shares of NIS 0.001 each in the Company ("Ordinary Shares").
Following this exercise, a total of 2,165,005 30p Warrants
remain issued and unexercised.
Application has been made to the London Stock Exchange for
20,834 new Ordinary Shares to be admitted to trading on AIM
("Admission") and Admission is expected to occur on or around 26
February 2021. The new Ordinary Shares will, upon issue, rank pari
passu with the existing Ordinary Shares in the Company.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will be 49,485,170 Ordinary Shares. The Company holds no Ordinary
Shares in Treasury. This figure of 49,485,170 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.
For further information, please contact:
Ethernity Networks Tel: +972 8 915 0392
David Levi, Chief Executive Officer
Mark Reichenberg, Chief Financial Officer
Arden Partners plc (NOMAD and Joint Tel: +44 207 614 5900
Broker)
Richard Johnson / Benjamin Cryer
VSA Capital Limited (Joint Broker) Tel: +44 20 3005 5000
Andrew Monk, Corporate Broking
Simon Barton, Corporate Finance
Peterhouse Capital Limited (Joint Broker) Tel: +44 20 7562 0930
Lucy Williams / Duncan Vasey / Eran
Zucker
About Ethernity ( www.ethernitynet.com )
Ethernity Networks Ltd. (AIM: ENET) provides innovative,
comprehensive networking and security solutions on programmable
hardware for accelerating telco/cloud networks performance.
Ethernity's FPGA 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 and edge computing.
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END
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