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RNS Number : 6693K

Ethernity Networks Ltd

06 May 2022

06 May 2022

Ethernity Networks Ltd

("Ethernity" or the "Company")

Director dealings

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing semiconductor technology ported on FPGA (field programmable gate array) for virtualised networking appliances, has today been informed of the following transactions in the ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") by certain Directors of the Company.

Yosi Albagli, Chairman of the Company, has today purchased 10,000 Ordinary Shares at a price of 18.6p per share. Following this purchase, Mr Albagli is now interested in 47,106 Ordinary Shares, equivalent to 0.07% of the Company's issued share capital.

David Levi, CEO, has today purchased 150,000 Ordinary Shares at a price of 18.59p per share. Following this purchase, Mr Levi is now interested in 9,587,160 Ordinary Shares, equivalent to 12.72% of the Company's issued share capital.

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                                    Joseph ("Yosi") Albagli 
      --------------------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------- 
 a)    Position/status                         Director 
      --------------------------------------  ------------------------------------------------ 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ------------------------------------------------ 
 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                      ordinary shares of NIS 0.001 nominal value 
        financial instrument,                   each 
        type of instrument 
 
        Identification code                     ISIN: IL0011410359 
 b)    Nature of the transaction               Purchase of Shares 
 c)    Price(s) and volume(s) 
                                               --------------------  ----------------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ----------------------- 
                                                18.6p                 10,000 
                                               --------------------  ----------------------- 
 
 d)    Aggregated information                  N/A 
 e)    Date of the transaction                 06 May 2022 
 f)    Place of the transaction                XLON: London Stock Exchange 
      --------------------------------------  ------------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    David Levi 
      --------------------------------------  ------------------------------------------------ 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------- 
 a)    Position/status                         Director 
      --------------------------------------  ------------------------------------------------ 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ------------------------------------------------ 
 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                      ordinary shares of NIS 0.001 nominal value 
        financial instrument,                   each 
        type of instrument 
 
        Identification code                     ISIN: IL0011410359 
 b)    Nature of the transaction               Purchase of Shares 
 c)    Price(s) and volume(s) 
                                               --------------------  ----------------------- 
                                                Price(s)              Volume(s) 
                                               --------------------  ----------------------- 
                                                18.59p                150,000 
                                               --------------------  ----------------------- 
 
 d)    Aggregated information                  N/A 
 e)    Date of the transaction                 06 May 2022 
 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 
 Mark Reichenberg, Chief Financial Officer 
 
 Allenby Capital Limited (Nominated Adviser   Tel: +44 (0)20 3328 
  and Joint Broker)                            5656 
 James Reeve / Piers Shimwell (Corporate 
  Finance) 
  Amrit Nahal (Sales and Corporate Broking) 
 
 Peterhouse Capital Limited (Joint Broker)    Tel: +44 (0)20 7562 
                                               0930 
 Lucy Williams / Duncan Vasey / Eran Zucker 
 Arden Partners plc (Joint Broker)            Tel: +44 (0)20 7614 
                                               5900 
 Tim Dainton 
 

About Ethernity Networks

Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. 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, edge computing, and NFV.

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May 06, 2022 11:00 ET (15:00 GMT)

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