Ethernity Networks Ltd Subscription agreement part settlement (1598B)
29 Septiembre 2022 - 03:56AM
UK Regulatory
TIDMENET
RNS Number : 1598B
Ethernity Networks Ltd
29 September 2022
29 September 2022
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Subscription agreement part settlement and TVR
Ethernity Networks Ltd (AIM: ENET.L; OTCQB: ENETF), a leading
supplier of networking processing semiconductor technology ported
on FPGA (field programmable gate array) for virtualised networking
appliances, announces that it has received a settlement notice for
$320,000 from 5G Innovation Leaders Fund LLC (the "Subscriber")
pursuant to the share subscription agreement, details of which were
announced on 25 February 2022 (the "Subscription Agreement").
Accordingly, the Company has issued and allotted 2,695,593 new
ordinary shares of NIS 0.001 each in the Company ("Ordinary
Shares") to the Subscriber at a deemed issue price of 10.95p per
Ordinary Share (the "Settlement Shares"). The issue price has been
calculated pursuant to the price mechanism and additional price
protection mechanism set out in the announcement of the
Subscription Agreement on 25 February 2022.
Application has been made to the London Stock Exchange for the
Settlement Shares to be admitted to trading on AIM ("Admission")
and Admission is expected to occur on or around 5 October 2022. The
Settlement Shares will, upon Admission, rank pari passu with the
existing Ordinary Shares in the Company.
Following the receipt of this settlement notice and the issue of
the Settlement Shares, the remaining outstanding balance under the
Subscription Agreement is $1,740,000.
Total voting rights
Following Admission, the Company's enlarged issued share capital
will be 78,084,437 Ordinary Shares. The Company holds no Ordinary
Shares in Treasury. This figure of 78,084,437 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 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
Harbor Access Inc (US Investor Relations) Tel: + 1 (475) 477
Jonathan Paterson 9401
MARKET ABUSE REGULATION
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse (amendment) (EU Exit) Regulations 2019/310
("MAR"). With the publication of this announcement via a Regulatory
Information Service, this inside information is now considered to
be in the public domain.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEGIGDCUUDDGDC
(END) Dow Jones Newswires
September 29, 2022 04:56 ET (08:56 GMT)
Ethernity Networks (LSE:ENET)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Ethernity Networks (LSE:ENET)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024