Ethernity Networks Ltd Director dealing
December 06 2024 - 1:00AM
RNS Regulatory News
RNS Number : 0489P
Ethernity Networks Ltd
06 December 2024
6 December 2024
ETHERNITY NETWORKS
LTD
("Ethernity" or the
"Company")
Director
dealing
Ethernity Networks Limited (AIM:
ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing
semiconductor technology for networking appliances,
announces that it has been informed by David Levi,
Chief Executive Officer, that he has purchased 5,000,000 ordinary
shares of NIS 0.001 each in the Company ("Ordinary Shares") at an
average price of 0.13p per share. Following this purchase, and
including the 4,887,218 new Ordinary Shares subscribed for in the
placing announced on 4 December 2024, David Levi holds 41,704,616
Ordinary Shares, equivalent to 4.17% of the Company's total issued
share capital (as enlarged by the placing shares due to admit to
trading on AIM on or around 10 December 2024).
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
David Levi
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Ethernity Networks Ltd.
|
|
b)
|
LEI
|
213800LZJO33QBNXU496
|
|
4
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
ordinary shares of NIS 0.001 nominal
value each
ISIN: IL0011410359
|
|
b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
0.13p
|
1
|
|
|
|
|
0.13p
|
999,999
|
|
|
|
|
0.128p
|
500,000
|
|
|
|
|
0.128p
|
500,000
|
|
|
|
|
0.128p
|
1,000,000
|
|
|
|
|
0.128p
|
1,000,000
|
|
|
|
|
0.128p
|
1,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated
volume
- Av.
Price
|
5,000,000
0.1285714p
|
|
e)
|
Date of the transaction
|
5 December 2024
|
|
f)
|
Place of the transaction
|
XLON: London Stock
Exchange
|
For
further information, please contact:
|
Ethernity Networks Ltd
|
Tel: +972 8 915 0392
|
|
David Levi, Chief Executive
Officer
|
|
|
Tomer Assis, Chief Financial
Officer
|
|
|
Allenby Capital Limited (Nominated Adviser and Joint Broker)
|
Tel: +44 (0)20 3328 5656
|
|
James Reeve / Piers Shimwell
(Corporate Finance)
Amrit Nahal / Stefano Aquilino
(Sales and Corporate Broking)
|
|
|
CMC
Markets UK plc (Joint
Broker)
Douglas Crippen
|
Tel: +44 (0)20 3003 8632
|
|
|
|
|
Peterhouse Capital Limited (Joint Broker)
|
Tel: +44 (0)20 7562 0930
|
|
Lucy Williams / Duncan Vasey / Eran
Zucker
|
|
About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L,
OTCMKTS: ENETF) provides innovative, comprehensive networking and
security solutions on programmable hardware for accelerating
telco/cloud networks. Ethernity's semiconductor 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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END
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