For those that know ENET horrible history16 Dec 2025 08:29
The last of many many EGMs gave the right to destroy your share holdings with up to 15,000,000,000 yes 15 Billions shares. Pump and dump happening.
Don't believe the nonsense look as the history
Incoming placing with news. Facts
Notice of EGM
Due to the Company's current inability to issue new Ordinary Shares below their par value of NIS 0.001 (0.02249p) ("Current Par Value"), the board of Ethernity ("Board") is proposing to reclassify the Company's share capital to a no par value ("NPV") structure. This would result in the reclassification of each Ordinary Share of NIS 0.001 each into one ordinary share of NPV (the "NPV Ordinary Shares") (the "Reclassification"). This change will provide greater flexibility for future equity issuances and is a key condition for the CLN conversion terms, as detailed further below.
Under Israeli Companies Law, the par value of the Company's shares can be reclassified following the approval of a reclassification resolution at a general meeting of the Company. The Company is therefore convening the EGM, to be held at 11.00 a.m. Israel time (9.00 a.m. UK time) at the offices of the Company at 3rd Floor Beit Golan, 1 Golan St., Corner HaNegev, Airport City 7019900, Israel on 2 December 2025. At the EGM, shareholders will be asked to approve resolutions to enable:
· the Reclassification and associated amendments to the Company's articles of association; and
· an increase in the Company's authorities to allow the issue and allotment of up to 15,000,000,000 shares on a non-pre-emptive basis (together, the "EGM Resolutions").