TIDMENET

RNS Number : 9840J

Ethernity Networks Ltd

03 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                              Ethernity Networks Ltd 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-----------------------------------------------------------  ------------------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                   X 
------------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  ----------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  ----------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ----------------------------------- 
 3. Full name of person(s)                                              City Financial Investment 
  subject to the                                                       Company Limited, acting as 
  notification obligation:                                      Investment Manager and Authorised 
  (iii)                                                                 Corporate Director of the 
                                                                   City Financial Absolute Equity 
                                                                                             Fund 
-----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                                   BNY Mellon Trust and Depositary 
  (if different from 3.):(iv)                                    as Trustee to the City Financial 
                                                                             Absolute Equity Fund 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                                          29 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                                             03 July 2017 
  notified: 
-----------------------------------------------------------  ------------------------------------ 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                           5% 
-----------------------------------------------------------  ------------------------------------ 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                 Resulting situation after the 
  of             to the triggering                  triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ---------------------------------  -------------------------------------------------------------------- 
                Number           Number            Number            Number of voting            % of voting 
                 of               of                of shares         rights                      rights 
                 Shares           Voting                                                          (x) 
                                  Rights 
-------------  ---------------  ----------------  ----------------  --------------------------  ---------------------- 
                                                   Direct            Direct       Indirect       Direct     Indirect 
                                                                      (xi)        (xii) 
-------------      -----------    ------------    ----------------  -----------  -------------  ---------  ----------- 
 
 IL0011410359   1,285,714        1,285,714         1,675,714         1,675,714                   5.15% 
               ---------------  ----------------  ----------------  -----------  -------------  ---------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting   % of voting 
 financial           date           Conversion                      rights that        rights 
 instrument          (xiii)         Period (xiv)                    may be 
                                                                    acquired if 
                                                                    the 
                                                                    instrument 
                                                                    is 
                                                                    exercised/ 
                                                                    converted. 
-----------------  -------------  ------------------------------  -----------------  --------------------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration      Exercise/       Number of voting   % of voting 
 financial         price         date            Conversion      rights              rights (xix, 
 instrument                      (xvii)          period          instrument          xx) 
                                                 (xviii)         refers to 
---------------  -------------  --------------  --------------  -----------------  ----------------------------------- 
                                                                                    Nominal        Delta 
---------------  -------------  --------------  --------------  -----------------  -------------  -------------------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                         Percentage of voting rights 
--------------------------------------------------------------  ------------------------------------------------------ 
 1,675,714                                                       5.15% 
--------------------------------------------------------------  ------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------ 
                                                                     N/A 
 
 Proxy Voting: 
------------------------------------------------------------------------ 
 10. Name of the proxy holder:                                       N/A 
-------------------------------------------------------  --------------- 
 11. Number of voting rights proxy                                   N/A 
  holder will cease to hold: 
-------------------------------------------------------  --------------- 
 12. Date on which proxy holder will                                 N/A 
  cease to hold voting rights: 
-------------------------------------------------------  --------------- 
 
 
  13. Additional information: 
-------------------------------------------------------  --------------- 
 14. Contact name:                                        Ben Ellenbogen 
-------------------------------------------------------  --------------- 
 15. Contact telephone number:                             020 7451 9600 
-------------------------------------------------------  --------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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