Business
Result of EGM and Grant of Warrants
Result of EGM and Grant of Warrants.
About this update from Ethernity Networks Ltd.
[{"type":"text","content":"\n \n \n 9 February 2023\n \n \n \n ETHERNITY NETWORKS LTD.\n \n \n \n (\"Ethernity\" or the \"Company\")\n \n \n \n \n \n \n \n \n Result of EGM and grant of warrants\n \n \n \n \n \n \n \n \n Ethernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces that all resolutions proposed at its Extraordinary General Meeting (\"Meeting\") held earlier today were duly passed. The resolutions put to the Meeting were voted on by way of a poll. The results of the poll for the resolutions were as follows:\n \n \n \n \n \n \n \n \n \n \n Resolution\n \n \n \n \n \n \n For\n \n \n \n \n \n \n Against\n \n \n \n \n \n \n Withheld\n \n \n \n \n \n \n \n \n Votes\n \n \n \n \n \n \n %\n \n \n \n \n \n \n Votes\n \n \n \n \n \n \n %\n \n \n \n \n \n \n Votes\n \n \n \n \n \n \n %\n \n \n \n \n \n \n \n 1. \n That the Company's authorised share capital be increased to NIS 200,000 consisting of 200,000,000 Ordinary Shares, and the Company's articles of association shall be amended to reflect such increase.\n \n \n \n \n 47,960,892\n \n \n \n \n 92.67%\n \n \n \n \n 3,792,252\n \n \n \n \n 7.33%\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n \n \n 2. That the Directors be authorised to allot Ordinary Shares or other Equity Securities for cash as if Article 9.2 of the Company's articles of association did not apply:\n \n \n 2.1 In connection with rights issues or similar offer; and\n \n \n 2.2 Otherwise up to an aggregate nominal amount of NIS 55,000.00\n \n \n \n \n 47,960,892\n \n \n \n \n 92.67%\n \n \n \n \n 3,792,252\n \n \n \n \n 7.33%\n \n \n \n \n -\n \n \n \n \n -\n \n \n \n \n \n \n \n \n \n Total votes cast 51,753,144\n \n \n \n \n \n NOTES:\n \n \n 1. Proxy appointments which gave discretion to the Chairman of the Meeting have been included in the \"For\" total for the appropriate resolution\n \n \n 2. Votes \"For\" and \"Against\" any resolution are expressed as a percentage of votes validly cast for that resolution\n \n \n 3. A vote withheld is not a vote in law and is not counted in the calculation of the percentage of shares voted \"For\" or \"Against\" any resolution\n \n \n \n \n \n \n Grant of warrants\n \n \n \n \n \n \n Following the passing of the resolutions, ...