Business
Placing, Broker Option and Trading Update
Placing, Broker Option and Trading Update.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK version of 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 \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.\n \nTHIS 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 \n11 May 2023\n \nETHERNITY NETWORKS LTD\n(\"Ethernity\" or the \"Company\")\n \nPlacing, Broker Option and Trading Update\n \nEthernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for virtualized networking appliances, is pleased to announce a placing (the \"Placing\") to raise £750,000 (gross) through the issue of 25,000,000 new ordinary shares of NIS 0.001 each (\"Ordinary Shares\") at 3p per share (the \"Issue Price\"). Peterhouse Capital Limited (\"Peterhouse\") is acting as placing agent to the Placing. The Placing has not been underwritten.\n \nHighlights\n \n· Placing to raise £750,000 through the issue of 25,000,000 new Ordinary Shares (the \"Placing Shares\") at the Issue Price\n \n· David Levi, Director and CEO, in support of the Placing has subscribed for 833,334 Placing Shares for an aggregate sum of £25,000\n \n· Yosi Albagli, Non-Executive Chairman, in support of the Placing has subscribed for 83,334 Placing Shares for an aggregate sum of £2,500\n \n· Broker option (the \"Broker Option\") for a further up to 3...