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RNS Number : 2255B

Ethernity Networks Ltd

31 May 2023

31 May 2023

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Holding in Company

Ethernity Networks Ltd (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, received notification today from 5G Innovation Leaders Fund, LLC (the "Investor") that the Investor's voting rights over the Company's ordinary shares at today's date are between 4% and 5% of the Company's total issued share capital.

Enquiries:

 
 Ethernity Networks                          Tel: +972 (0)8 915 0392 
 David Levi, Chief Executive Officer 
 Mark Reichenberg, Chief Financial Officer 
 
 Allenby Capital Limited                     Tel: +44 (0)20 3328 
                                              5656 
 (Nominated Adviser and Joint Broker) 
 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.

For more information on Ethernity's products and solutions, please see The Company's website at www.ethernitynet.com .

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END

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(END) Dow Jones Newswires

May 31, 2023 11:38 ET (15:38 GMT)

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