7 February 2025
ETHERNITY NETWORKS
LTD.
("Ethernity" or the
"Company")
Extension of warrant
instruments
Ethernity Networks Limited (AIM:
ENET.L) (OTCQB: ENETF), a leading supplier of data processing
semiconductor technology for networking appliances, announces the
extension of the expiration date of 19,874,088 warrants (the
"Warrants") that were
granted in connection with the fundraise undertaken by the Company
in January 2023 (the "January 2023
Fundraise").
The Company has today extended the
expiry date of the Warrants by twenty four months to 8 February
2027.
The Board considers that it is
appropriate to extend the expiry date of the Warrants to provide
the Warrant holders with the opportunity to exercise their warrants
into shares at a later stage.
All of the other terms of the
Warrants remain unchanged as announced on 17 January 2023 and 25
May 2023 (when the exercise price was varied to 6p).
Director holdings of Warrants
David Levi and Shavit Baruch hold
3,028,571 and 668,771 warrants respectively, by virtue of their
participation in the January 2023 Fundraise. However, these
3,697,342 warrants have not been extended and therefore expire on 8
February 2025.
For
further information, please contact:
|
Ethernity Networks Ltd.
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Tel: +972 3 748 9846
|
|
David Levi, Chief Executive
Officer
|
|
|
Tomer Assis, Chief Financial
Officer
|
|
|
Allenby Capital Limited (Nominated Adviser and Joint Broker)
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Tel: +44 (0)20 3328 5656
|
|
James Reeve / Piers Shimwell
(Corporate Finance)
Amrit Nahal/ Stefano Aquilino (Sales
and Corporate Broking)
CMC
Markets UK plc (Joint
Broker)
Douglas Crippen
|
Tel: +44 (0)20 3003 8632
|
|
Peterhouse Capital Limited (Joint
Broker)
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Tel: +44 (0)20 7562 0930
|
|
Lucy Williams / Duncan Vasey / Eran
Zucker
|
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About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L)
provides innovative, comprehensive networking and security
solutions on programmable hardware for accelerating telco/cloud
networks. Ethernity's semiconductor 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 Broadband
Networks.
