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RNS Number : 3463Q

Ethernity Networks Ltd

28 June 2022

28 June 2022

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Completion of Nominated Adviser due diligence and update on advisers

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 , is pleased to announce that further to the announcement of the appointment of Allenby Capital Limited ("Allenby Capital") as the Company's nominated adviser on 27 April 2022, Allenby Capital has confirmed that it has completed its due diligence.

Further, with effect from today's date the Company's joint brokers are Allenby Capital and Peterhouse Capital Limited.

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                      Tel: +44 (0)20 3328 
  (Nominated Adviser 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

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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June 28, 2022 02:00 ET (06:00 GMT)

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