Ethernity Networks Ltd Director dealings (6693K)
06 Mayo 2022 - 10:00AM
UK Regulatory
TIDMENET
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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