Ethernity Net Share News (ENET)

IN BRIEF: Ethernity Networks gains approval for creditor settlement

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Says it has received approval of the proposal for the settlement of creditors from all three of its creditor groups. Says it has submitted a settlement proposal with the court of Lod, Israel, with the court set to schedule a hearing to consider and approve the settlement. Says that under the settlement, valid creditors will be repaid over a 12-month period in four instalments. The first payment will be made within 90 days of exiting the settlement. Notes that the total creditor balance is USD1.6 million.

IN BRIEF: Ethernity Networks secures some creditor support for plans

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Provides update on the ongoing temporary suspension of proceedings process. Explains that further to a statement December 20, a meeting of creditors took place earlier Thursday. This was to consider and vote on the company's proposed settlement plan. The significant majority of general and guaranteed creditors by number and creditor balance approved the settlement proposal. The company has not yet received final votes from all the priority creditors (which represent around one quarter of the total creditor balance) and remains in discussion with them in order to obtain their votes. Subject to achieving the required level of creditor support for the settlement proposal, says the TSP settlement manager will seek the Court's approval.

Ethernity Networks raises GBP700,000 in share placing and subscription

(Alliance News) - Ethernity Networks Ltd on Tuesday said that it has raised GBP700,000 from a share placing and subscription, and it plans to raise a further GBP75,000 from a subscription by the CEO at the same price.

EARNINGS AND TRADING: CleanTech raises GBP520,000 in open offer

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Ethernity Networks shares fall as expects narrowed loss, revenue rises

(Alliance News) - Ethernity Networks Ltd on Tuesday said it expected its headline revenue to grow and its loss to narrow in the current year.

AIM WINNERS & LOSERS: Solar panel maker Verditek says needs fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Ethernity Networks shares enjoy uplift on USD800,000 contract win

(Alliance News) - Ethernity Networks Ltd on Wednesday touted a new contract win, after signing with a long-term networking data communications customer.

Ethernity Networks shares bounce 200% after contract win

(Sharecast News) - The share price for AIM-listed Ethernity Networks trebled on Wednesday after the Israel-based semiconductor group won a "significant" contract worth $800,000.

IN BRIEF: Ethernity shares plummet again on 5G settlement deal

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Announces plans to issue 150.0 million new shares to 5G Innovation Leaders Fund LLC, as part of a subscription deal agreed in February 2022. Company has already issued 44.9 million shares, and intends to issue another 43.6 million once it receives notice from 5G Innovation. Company also will seek shareholder approval, at a general meeting scheduled for December 14, to issue a further 61.5 million shares at some point in the future. Ethernity "strongly recommends" that shareholders vote to approve these resolutions, as without approval, it will owe 5G an outstanding debt of USD600,000. This would "seriously adversely impact the company's ability" to exit the temporary suspension of proceedings for which it applied in mid-October, and which was recently extended until December 31.

AIM WINNERS & LOSERS: Argentex rises despite "disappointing" outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

LONDON MARKET CLOSE: Stocks buoyant as investors bet rates have peaked

(Alliance News) - Stocks prices soared in London on Thursday as investors bet interest rates have peaked despite the best efforts of central bank officials to curb expectations.

LONDON MARKET MIDDAY: Pound up as BoE warns on higher rates for longer

(Alliance News) - Stocks in Europe went into the afternoon on the up, while the pound also rose, as the Bank of England cautioned that monetary policy will need to be "sufficiently restrictive for sufficiently long".

IN BRIEF: Ethernity Networks shares jump on contract win

Ethernity Networks Ltd - Israel-based supplier of data processing semiconductor technology for networking appliances - Signs an extended license contract for USD475,000 with a unnamed "tier one US-based military aerospace customer". The firm had received an advance payment of USD80,000 last month, and expects payments for the contract to be received during November and December, bringing the total anticipated revenue to USD555,000. Expects the contract to be fulfilled in the fourth quarter of 2023 and eyes revenue from customer in 2024 through support of the utilisation of the license on multiple platforms and systems. "The company is pleased to continue its relationship with this customer and, whilst there can be no guarantees, the board believes that this extended license contract could open the door for the company to penetrate into other platforms through collaboration with the customer leading to future support and design service revenue," it says.