Ethernity Networks Ltd Notice to Exercise 30p Warrants (4899X)
May 05 2021 - 1:00AM
UK Regulatory
TIDMENET
RNS Number : 4899X
Ethernity Networks Ltd
05 May 2021
5 May 2021
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Notice to exercise outstanding 30p Warrants
Ethernity Networks (AIM: ENET.L), a leading supplier of data
processing offload solutions on programmable FPGA (field
programmable gate array) hardware for accelerating telco/cloud
networks, announces that, in accordance with the accelerator clause
provisions of the warrant instrument dated 22 July 2020, the
Company is today giving notice ("Notice") requiring holders to
exercise their outstanding warrants, at 30p per share ("30p
Warrants") to subscribe for new ordinary shares of NIS 0.001 each
in the Company ("Ordinary Shares").
Holders of 30p Warrants are required to exercise their 30p
Warrants within a period of 7 days from this Notice, failing which
the 30p Warrants shall be cancelled.
A total of 427,085 30p Warrants remain unexercised at the date
of this announcement. A further announcement will be made at the
conclusion of the Notice period.
The Company wishes to extend their thanks to all the
participants of the 20p and 30p Warrants and for the support given
to the Company during the period.
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
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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