ENET.L

Ethernity Networks Ltd
Ethernity Networks - Director dealing
29th November 2024, 11:53
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RNS Number : 2203O
Ethernity Networks Ltd
29 November 2024
 

29 November 2024

 

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

 

Director dealing

 

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces that it has been informed by David Levi, Chief Executive Officer, that he has purchased 1,860,000 ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") at an average price of 0.13p per share. Following this purchase, David Levi holds 31,817,398 Ordinary Shares, equivalent to 3.53% of the Company's total issued share capital.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Levi

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Ethernity Networks Ltd.

b)

LEI

213800LZJO33QBNXU496

4

Details of the transaction(s): section to be repeated for (i) each type of instrument;

(ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

ordinary shares of NIS 0.001 nominal value each

 

 

ISIN: IL0011410359

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




0.13p

260,000




0.13p

1,000,000




0.13p

500,000




0.1315p

100,000







d)

Aggregated information

-     Aggregated volume

-     Av. Price

 

 

1,860,000

0.130375p

 

e)

Date of the transaction

28 November 2024

f)

Place of the transaction

XLON: London Stock Exchange

 

 

For further information, please contact:

 

Ethernity Networks Ltd

Tel: +972 8 915 0392

David Levi, Chief Executive Officer


Tomer Assis, Chief Financial Officer

 


Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: +44 (0)20 3328 5656

James Reeve / Piers Shimwell (Corporate Finance)

Amrit Nahal (Sales and Corporate Broking)

 


CMC Markets UK plc (Joint Broker)

Douglas Crippen

Tel: +44 (0)20 3003 8632

 


Peterhouse Capital Limited (Joint Broker)

Tel: +44 (0)20 7562 0930

Lucy Williams / Duncan Vasey / Eran Zucker

 


 

 

About Ethernity (www.ethernitynet.com)

Ethernity Networks (AIM: ENET.L, OTCMKTS: ENETF) 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 NFV.

 

 

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