Ethernity Networks Ltd Exercise and closure of 30p Warrants (2768Y)
May 12 2021 - 01:00AM
UK Regulatory
TIDMENET
RNS Number : 2768Y
Ethernity Networks Ltd
12 May 2021
12 May 2021
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Exercise and closure of 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 further to the Notice issued on 5 May
2021, it has received notices to exercise warrants, at 30p per
share ("30p Warrants") to subscribe for a total of 260,418 new
ordinary shares of NIS 0.001 each in the Company ("Ordinary
Shares"). The balance of 166,667 30p Warrants remaining unexercised
have been cancelled.
Application has been made to the London Stock Exchange for
260,418 new Ordinary Shares to be admitted to trading on AIM
("Admission") and Admission is expected to occur on or around 18
May 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 54,322,177 Ordinary Shares. The Company holds no Ordinary
Shares in Treasury. This figure of 54,322,177 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.
The Directors of the Company wish to thank all the shareholders
who participated in the initial fundraising and subsequently
continued their support of the Company through exercising their 20p
and 30p Warrants.
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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