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Placing and Subscription to raise £780,000
Placing and Subscription to raise £780,000.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 7383S\n Ethernity Networks Ltd\n 13 July 2020\n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL . \n \n \n THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR (OR THE SOLICITATION OF AN OFFER TO BUY, ACQUIRE OR SUBSCRIBE FOR) ORDINARY SHARES TO ANY PERSON WITH A REGISTERED ADDRESS IN, LOCATED IN, OR WHO IS A RESIDENT OF, THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL OR CONTRAVENE ANY REGISTRATION OR QUALIFICATION REQUIREMENTS UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.\n \n \n 13 July 2020 \n \n \n ETHERNITY NETWORKS LTD.\n \n \n (\"Ethernity\" or the \"Company\")\n \n \n Placing and Subscription to raise £780,000\n \n \n Ethernity (AIM: ENET), a leading supplier of functional acceleration ethernet adapter cards on FPGA (field programmable gate array) for virtualised networking appliances, is pleased to \n announce a placing (the \"Placing\") and subscription (the \"Subscription\") to raise 780,000 (gross) through the issue of 6,500,000 new ordinary shares of NIS 0.001 each (\"Ordinary Shares\") at 12p per share (the \"Issue Price\"). Peterhouse Capital Limited (\"Peterhouse\") is acting as placing agent to the Placing.\n \n \n The Company is also pleased to announce the appointment of Peterhouse as joint broker to the Company with immediate effect.\n \n \n Summary / Highlights\n \n \n - Placing and Subscription to raise £780,000* through the issue of 6,500,000 new Ordinary Shares (\"New Shares\") at the Issue Price \n \n \n - Strong support of Directors and staff with participation for £240,000 in the Subscription\n \n \n - Broker option (\...