Business
Subscription, Result of Broker Option and TVR
Subscription, Result of Broker Option and TVR.
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 \n12 May 2023\n \nETHERNITY NETWORKS LTD\n(\"Ethernity\" or the \"Company\")\n \n Subscription, Result of Broker Option, and Total Voting Rights\n \n \nEthernity Networks (AIM: ENET.L; OTCQB: ENETF), a leading supplier of data processing semiconductor technology for virtualized networking appliances, announces that, following receipt of positive interest from two senior engineers of the Company's PON development team, the Company decided to undertake a subscription (the \"Subscription\") and is pleased to announce that the Subscription has raised a total of £33,500 at the Issue Price of 3p per share through the issue of 1,116,667 new Ordinary Shares (\"Subscription Shares\").\n \nFurther, the Company announces that the Broker Option announced on 11 May 2023 has now closed. No shares will be issued under the Broker Option.\n \nAdmission to trading\n \nApplication has been made to the London Stock Exchange for the Placing Shares and Subscription Shares to be admitted to trading on AIM (\"Admission\"). Admission is expected to occur at 8.00 a.m. on or around 18 May 2023. The Placing Shares and Subscription Shares will rank pari passu with the Company's ex...