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RNS Number : 8122U

Ethernity Networks Ltd

27 November 2023

Notification of major holdings

1. Issuer Details

Issuer Name

Ethernity Networks Ltd

UK or Non-UK Issuer

Non-UK Issuer

2. Reason for Notification

An acqu isition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

5G Innovation Leaders Fund, LLC and affiliates (the "Shareholder")

City of registered office (if applicable)

Wilmington, Delaware

Country of registered office (if applicable)

USA

4. Details of the shareholder

 
  Name                                             City of registered office    Country of registered office 
   BNP Paribas Securities Services as Custodian     New York                     USA 
                                                 ===========================  ==============================

5. Date on which the threshold was crossed or reached

22 November 2023

6. Date on which Issuer notified

27 November 2023

7. Total positions of person(s) subject to the notification obligation

 
                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                13.39%                  N/A                     13.39%                  26,000,000 
                        ======================  ======================  ======================  ====================== 
   Position of 
    previous 
    notification (if 
    applicable)            23.13%                  N/A                     23.13% 
                        ======================  ======================  ======================  ======================

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
Class/Type           Number of direct voting  Number of indirect      % of direct voting       % of indirect voting 
 of shares ISIN      rights (DTR5.1)          voting rights           rights (DTR5.1)          rights (DTR5.2.1) 
 code(if possible)                            (DTR5.2.1) 
Ordinary Shares                                  26,000,000                                       13.39 % 
                     =======================  ======================  =======================  ======================= 
Sub Total 8.A           26,000,000                                       13.39 % 
                     ===============================================  ================================================

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
Type of financial  Expiration date  Exercise/conversion period  Number of voting rights that may    % of voting rights 
 instrument                                                     be acquired if the instrument is 
                                                                exercised/converted 
 
Sub Total 8.B1 
                   ===========================================  ==================================  ==================

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
Type of         Expiration date  Exercise/conversion   Physical or cash      Number of voting       % of voting rights 
 financial                       period                settlement            rights 
 instrument 
 
Sub Total 8.B2 
                ===========================================================  =====================  ==================

9. Information in relation to the person subject to the notification obligation

N/A

10. In case of proxy voting

N/A

11. Additional Information

The Shareholder hereby informs Ethernity Networks Ltd that as of 27 November 2023, the Shareholder holds 26,000,000 voting shares of Ethernity Networks Ltd, which is equivalent to a voting share ownership percentage of 13.39% of Ethernity Networks Ltd, as of the same date.

This notice is being delivered to Ethernity Networks Ltd pursuant to Article 73 of the Amended and Restated Articles of Association of Ethernity Networks Ltd.

12. Date of Completion

27 November 2023

13. Place Of Completion

United States of America

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END

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