RNS Number : 4287U

Ethernity Networks Ltd

02 December 2021

Notification of major holdings

1. Issuer Details

Issuer Name

Ethernity Networks Ltd

UK or Non-UK Issuer

Non-UK Issuer

2. Reason for Notification

An acqu isition or disposal of voting rights

3. Details of person subject to the notification obligation


5G Innovation Leaders Fund, LLC and affiliates (the "Shareholder")

City of registered office (if applicable)

Wilmington, Delaware

Country of registered office (if applicable)


4. Details of the shareholder

  Name                                             City of registered office    Country of registered office 
   BNP Paribas Securities Services as Custodian     New York                     USA 
                                                 ===========================  ============================== 

5. Date on which the threshold was crossed or reached

29 November 2021

6. Date on which Issuer notified

2 December 2021

7. Total positions of person(s) subject to the notification obligation

                          % of voting rights      % of voting rights      Total of both in %      Total number of 
                          attached to shares      through financial       (8.A + 8.B)             voting rights held 
                          (total of 8.A)          instruments (total                              in issuer 
                                                  of 8.B 1 + 8.B 2) 
   Resulting situation 
    on the date on 
    which threshold 
    was crossed or 
    reached                6.50%                   N/A                     6.50%                   4,898,637 
                        ======================  ======================  ======================  ====================== 
   Position of             Below 5%                N/A                     Below 5% 
    notification (if 
                        ======================  ======================  ======================  ====================== 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type           Number of direct voting  Number of indirect      % of direct voting       % of indirect voting 
 of shares ISIN      rights (DTR5.1)          voting rights           rights (DTR5.1)          rights (DTR5.2.1) 
 code(if possible)                            (DTR5.2.1) 
Ordinary Shares                                  4,898,637                                        6.50% 
                     =======================  ======================  =======================  ======================= 
Sub Total 8.A           4,898,637                                        6.50% 
                     ===============================================  ================================================ 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of financial  Expiration date  Exercise/conversion period  Number of voting rights that may    % of voting rights 
 instrument                                                     be acquired if the instrument is 
Sub Total 8.B1 
                   ===========================================  ==================================  ================== 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of         Expiration date  Exercise/conversion   Physical or cash      Number of voting       % of voting rights 
 financial                       period                settlement            rights 
Sub Total 8.B2 
                ===========================================================  =====================  ================== 

9. Information in relation to the person subject to the notification obligation


10. In case of proxy voting


11. Additional Information

The Shareholder hereby informs Ethernity Networks Ltd that as of 29 November 2021, the Shareholder holds 4,898,637 voting shares of Ethernity Networks Ltd, which is equivalent to a voting share ownership percentage of 6.50% of Ethernity Networks Ltd, as of the same date. These voting shares were acquired upon the subscription of shares under the share subscription deed announced to the market by Ethernity Networks Ltd on 25 September 2020.

This notice is being delivered to Ethernity Networks Ltd pursuant to Article 73 of the Amended and Restated Articles of Association of Ethernity Networks Ltd.

12. Date of Completion

2 December 2021

13. Place Of Completion

United States of America

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(END) Dow Jones Newswires

December 02, 2021 10:39 ET (15:39 GMT)

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