Ethernity Networks Ltd TR-1 (9840J)
04 July 2017 - 1:50AM
UK Regulatory
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
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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