Ethernity Networks Ltd Change to date of General Meeting (4532T)
14 Novembre 2023 - 6:46PM
UK Regulatory
TIDMENET
RNS Number : 4532T
Ethernity Networks Ltd
14 November 2023
14 November 2023
Ethernity Networks Ltd
("Ethernity" or the "Company")
Change to date of General Meeting
Ethernity Networks Ltd (AIM: ENET; OTCMKTS: ENETF), a leading
supplier of networking processing semiconductor technology ported
on field programmable gate arrays for virtualised networking
appliances, announces that the date and time of the Company's
upcoming general meeting ("General Meeting"), details of which were
announced on 10 November 2023, has been changed to 11:00 a.m. IST
(09:00 a.m. GMT) on 7 December 2023 at 3rd Floor Beit Golan, 1
Golan St. Corner HaNegev, Airport City 7019900, Israel.
The Company will shortly be posting to shareholders a new
circular convening the General Meeting on the revised date, a copy
of which will be made available on the Company's website at:
https://ethernitynet.com/investors/ . The date of the General
Meeting has been brought forward as the Directors of Ethernity
believe that it is in the best interests of the Company to secure
the increase in authority to issue shares free of pre-emption
rights as soon as possible, to give the Company the best
opportunity to exit the ongoing temporary suspension of proceedings
("TSP") process.
As previously announced, in order to exit the TSP, it is
expected that the Company will be required to raise additional
funds. Whilst the structure of this is not yet known, the Board
believes it is prudent to put in place sufficient authorities to
permit an equity fundraising. Should any fundraise take place, the
Company will prioritise structures that would enable existing
shareholders to participate on the same terms as any incoming
investors.
For further information, please contact:
Ethernity Networks Ltd Tel: +972 8 915 0392
David Levi, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0)20 3328
and Joint Broker) 5656
James Reeve / Piers Shimwell (Corporate
Finance)
Amrit Nahal / Stefano Aquilino (Sales
and Corporate Broking)
Peterhouse Capital Limited (Joint Broker) Tel: +44 (0)20 7562
0930
Lucy Williams / Duncan Vasey / Eran Zucker
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END
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