Exercise of warrants

RNS Number : 6770H

Ethernity Networks Ltd

07 December 2020

 

  7 December 2020

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Exercise of 20p 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 it has received notice to exercise warrants, at 20p per share ("20p Warrants"), to subscribe for a total of 104,167 new ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares").

This is the first exercise of 20p Warrants, which were issued in July 2020 in conjunction with the Company's equity fundraising at that time. Following this exercise, a total of 3,562,501 20p Warrants remain issued and unexercised.

Application has been made to the London Stock Exchange for 104,167 new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 10 December 2020. 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 41,817,317 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 41,817,317 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.

For further information, please contact:

Ethernity Networks	Tel: [phone]
David Levi, Chief Executive Officer
Mark Reichenberg, Chief Financial Officer
Arden Partners plc (NOMAD and Joint Broker)	Tel: [phone]
Richard Johnson / Benjamin Cryer
VSA Capital Limited (Joint Broker)	Tel: [phone]
Andrew Monk, Corporate Broking
Simon Barton, Corporate Finance
Peterhouse Capital Limited (Joint Broker)	Tel: [phone]
Lucy Williams / Duncan Vasey / Eran Zucker
The PR Office	Tel: [phone]
Marc Cohen/Tom Gilby
[e-mail]

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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