Ethernity Networks Ltd Additional Payment under Share subscription Agmt (4831W)
April 26 2021 - 1:00AM
UK Regulatory
TIDMENET
RNS Number : 4831W
Ethernity Networks Ltd
26 April 2021
26 April 2021
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Additional payment under Share Subscription Agreement
Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of
networking processing technology ported on FPGA (field programmable
gate array) for virtualised networking appliances, announces that,
under the investment agreement with 5G Innovation Leaders Fund LLC
(the "Subscriber"), a U.S.-based specialist investor, as announced
on 25 September 2020 (the "Agreement"), the Subscriber has elected
to make an additional payment of GBP256,766, rather than apply the
880,000 Shares issued to the Subscriber at the time of the
Agreement towards the number of Shares that the Company issues
under the Agreement. Payment has been received by the Company.
For further information, please contact:
Ethernity Networks Ltd. Tel: +972 8 915 0392
David Levi, Chief Executive Officer
Mark Reichenberg, Chief Financial Officer
Arden Partners plc (NOMAD and Joint Broker) Tel: +44 207 614 5900
Richard Johnson / Benjamin Cryer
Peterhouse Capital Limited (Joint Broker) Tel: +44 20 7562 0930
Lucy Williams / Duncan Vasey / Eran Zucker
About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L) provides innovative,
comprehensive networking and security solutions on programmable
hardware for accelerating telco/cloud networks. 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,
edge computing, and NFV.
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