Business
Allotment of shares
Allotment of shares.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 4986P\n Ethernity Networks Ltd\n 19 October 2021\n \n \n \n \n 19 October 2021\n \n \n \n \n \n ETHERNITY NETWORKS LTD\n \n \n \n \n \n (\"Ethernity\" or the \"Company\")\n \n \n \n \n \n Allotment of Shares\n \n \n Issue of Equity \n \n \n Ethernity Networks (AIM: ENET.L), Ethernity Networks (AIM: ENET.L), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) for accelerating telco/cloud networks, announces that the subscriber under the share subscription deed governing the investment facility (\"Investment Facility\"), the details of which were announced to the market on 25 September 2020 (the \"Subscriber\"), has issued the Company a settlement notice for £400,000 of the total remaining outstanding balance of £1,144,500 pursuant to the Investment Facility.\n \n \n Accordingly, the Company will issue and allot 1,307,190 new ordinary shares of NIS 0.001 each in the Company (\"Ordinary Shares\") to the Subscriber. The Subscriber's investment was made as a prepayment for Ordinary Shares, on the terms of Investment Facility detailed in the 25 September 2020 announcement.\n \n \n Application has been made to the London Stock Exchange for 1,307,190 new Ordinary Shares to be admitted to trading on AIM (\"Admission\") and Admission is expected to occur on or around 22 October 2021. The new Ordinary Shares will, upon issue, rank pari passu with the existing Ordinary Shares in the Company.\n \n \n Total voting rights\n \n \n Following Admission, the Company's enlarged issued share capital will be 70,276,259 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 70,276,259 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n \n \n \n For further information, please contact: \n \n \n \n \n \n \n \n \n Ethernity Networks Ltd.\n \n \n \n \n Tel: +972 8 915 0392 \n \n \n \n \n \n \n David Levi, Chief Executive Officer \n \n \n \n \n \n \n \n \n \n \n \n \n \n Mark Reichenberg, Chief Financial Officer \n \n \n \n \n \n \n \n \n \n \...