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RNS Number : 7461R

Ethernity Networks Ltd

30 October 2023

30 October 2023

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Extension of the TSP

Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of networking processing semiconductor technology ported on field programmable gate arrays ("FPGAs") for virtualised networking appliances announces the extension of the Temporary Suspension of Proceedings ("TSP") order.

As announced on 26 October 2023, the settlement manager had filed a report to the Court in Lod ("Court") requesting an extension to the TSP period until the end of December 2023. Following the submission of this report, the Court has approved the request and the Company has been granted an extension of the TSP process until 31 December 2023.

For further information, please contact:

 
 Ethernity Networks Ltd                       Tel: +972 3 748 9846 
  David Levi, Chief Executive Officer 
 
  Allenby Capital Limited (Nominated Adviser   Tel: +44 (0)20 3328 
   and Joint Broker)                            5656 
  James Reeve / Piers Shimwell (Corporate 
   Finance) 
   Amrit Nahal / Stefano Aquilino (Sales and 
   Corporate Broking) 
  Peterhouse Capital Limited (Joint Broker)    Tel: +44 (0)20 7562 
                                                0930 
  Lucy Williams / Duncan Vasey / Eran Zucker

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October 30, 2023 10:17 ET (14:17 GMT)

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