RNS27 Apr 2022 09:01
Change of Adviser
Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing semiconductor technology ported on FPGA (field programmable gate array) for virtualised networking appliances, is pleased to announce the appointment of Allenby Capital Limited as the Company's nominated adviser and joint broker with immediate effect. Peterhouse Capital Limited and Arden Partners plc will continue as joint brokers to the Company.
As detailed below, the appointment of Allenby Capital Limited has been undertaken ahead of the completion of its full due diligence as it would not have been possible for this to have been finalised ahead of the loss of Arden Partners plc's nominated adviser status on 28 April 2022, given the extremely short timeframe from the announcement that Arden Partners plc would no longer be able to provide nominated adviser services (being 11 April 2022). This situation is not unique to the Company and is the same for all AIM companies to which Arden Partners plc acted as nominated adviser.
David Levi, CEO of Ethernity, commented: "We are happy to welcome Allenby Capital as our new nominated adviser and joint broker and look forward to their support and partnership in Ethernity's continued growth."