Last checked at 26 Apr 2021 07:00
26 April 2021
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Additional payment under Share Subscription Agreement
Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing technology ported on FPGA (field programmable gate array) for virtualised networking appliances, announces that, under the investment agreement with 5G Innovation Leaders Fund LLC (the "Subscriber"), a U.S.-based specialist investor, as announced on 25 September 2020 (the "Agreement"), the Subscriber has elected to make an additional payment of £256,766, rather than apply the 880,000 Shares issued to the Subscriber at the time of the Agreement towards the number of Shares that the Company issues under the Agreement. Payment has been received by the Company.
For further information, please contact:
Ethernity Networks Ltd. | Tel: +972 8 915 0392 |
David Levi, Chief Executive Officer | |
Mark Reichenberg, Chief Financial Officer | |
Arden Partners plc (NOMAD and Joint Broker) | Tel: +44 207 614 5900 |
Richard Johnson / Benjamin Cryer | |
Peterhouse Capital Limited (Joint Broker) | Tel: +44 20 7562 0930 |
Lucy Williams / Duncan Vasey / Eran Zucker | |
About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's FPGA logic offers complete Carrier Ethernet Switch Router data plane processing and control software with a rich set of networking features, robust security, and a wide range of virtual function accelerations to optimize telecommunications networks. Ethernity's complete solutions quickly adapt to customers' changing needs, improving time-to-market and facilitating the deployment of 5G, edge computing, and NFV.