Ethernity Networks Share Discussion Threads

[astralvision] 16/12/2020 08:51

Roughly 1.7m warrants outstanding, so that will bring in another £340k on top of the other recent warrant money. All very handy.It remains to be seen if there will be much profit taking from warrant holders.

[escapetohome] 16/12/2020 08:50

Oh well , it dipped back down again, but i hope not below the trend line i can see on the graph. That looks to be about 27p.

[cordwainer] 16/12/2020 07:16

Surely this implies some profit-taking ahead?

[alcopop] 15/12/2020 16:45

Yes indeed. Interesting to see what happens.Here is the relevant extract from 13 Jul RNS regarding the Warrants ;WarrantsAs part of the Fundraising the Company will issue to investors one warrant for every two New Shares to subscribe for a further new ordinary share at a price of 20p per ordinary share ("20p Warrants") and one warrant for every two New Shares to subscribe for a further new ordinary share at a price of 30p per ordinary share ("30p Warrants"), both with a life term of 12 months from the date of Admission (together the "Warrants"). The Warrants are not transferable and will not be traded on an exchange.The Warrants have an accelerator clause. The 20p Warrants will vest if the closing mid-market share price of the Company exceeds 30p over a 5-consecutive day period within 12 months of Admission. The 30p Warrants will vest if the closing mid-market share price of the Company exceeds 40p over a 5-consecutive day period within 12 months of Admission. The Company may serve notice ("Notice") on the Warrant holders to exercise their Warrants in the event that the vesting criteria is met. In the event the Company serves Notice, any Warrants remaining unexercised after 7 calendar days following the notification of the Notice will be cancelled.In addition, Peterhouse has been issued with 216,666 warrants to subscribe for a further new ordinary share at the Placing Price per ordinary share. The warrants have a life term of 12 months from the date of Admission.

[greg the grinch] 15/12/2020 16:36

Accelerator clause can now be hit... now to wait and see if it used.

[cordwainer] 12/12/2020 04:22

I was in at 26.4p on 2nd December. Didn't expect a 25% gain quite so soon.

[greg the grinch] 10/12/2020 13:01

Might see 40p by the weekend.

[greg the grinch] 10/12/2020 12:59

Quadruple cripes! .... not sure I have uttered that before.

[babbler] 10/12/2020 09:48

Yup. Basically funding his company. No placing just convert his warrants. And no he won't flip them.

[ttlance] 10/12/2020 08:32

10 December 2020

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Exercise of 20p Warrants by David Levi, CEO

Ethernity Networks (AIM: ENET.L), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks, announces that it has received notice from David Levi, Ethernity's Chief Executive Officer, to exercise warrants, at 20p per share ("20p Warrants") to subscribe for 666,667 new ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares"), following which David Levi will have an interest in 8,767,900 Ordinary Shares, representing approximately 20.6 per cent. of the Company's enlarged issued ordinary share capital.

Following this exercise, a total of 2,895,834 20p Warrants remain issued and unexercised.

Application has been made to the London Stock Exchange for 666,667 new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 15 December 2020. The new Ordinary Shares will, upon issue, rank pari passu with the existing Ordinary Shares in the Company.

Total voting rights

Following Admission, the Company's enlarged issued share capital will be 42,483,984 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 42,483,984 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Ethernity Networks

Tel: [phone]

David Levi, Chief Executive Officer



Mark Reichenberg, Chief Financial Officer







Arden Partners plc (NOMAD and Joint Broker)

Tel: [phone]

Richard Johnson / Benjamin Cryer







VSA Capital Limited (Joint Broker)

Tel: [phone]

Andrew Monk, Corporate Broking



Simon Barton, Corporate Finance







Peterhouse Capital Limited (Joint Broker)

Tel: [phone]

Lucy Williams / Duncan Vasey / Eran Zucker

[alcopop] 10/12/2020 07:51

Serious skin in the game and still adding

[babbler] 10/12/2020 07:50

David Levi will have an interest in 8,767,900 Ordinary Shares, representing approximately 20.6 per cent. of the Company's enlarged issued ordinary share capital.

[greg the grinch] 09/12/2020 14:54

Triple cripes!!

[babbler] 09/12/2020 12:45

https://mobile.twitter.com/BabblerBestBets/status/1336652983619252225

[escapetohome] 09/12/2020 11:31

Well im pleased i found this one and dipped a toe.

Very very pleasing.

[babbler] 09/12/2020 11:28

Big background buyer taking up all the small silly pi sales who can't wait for the rerate next year.

[greg the grinch] 09/12/2020 11:19

Double cripes!!! It seems that boat that I did not want to miss is a speedboat.

[greg the grinch] 09/12/2020 09:31

Cripes... might see 30p today?

[dplewis1] 09/12/2020 09:12

NT to buy again

[greg the grinch] 09/12/2020 08:58

Hopefully the overhang has gone, but maybe a new one comes in... this is why I need a crystal ball. :o)

Main thing is share price going in the right direction and hopefully we are consolidating ready for a push over 30p.

Just the warrants issue left...

[dplewis1] 08/12/2020 20:51

You wouldn't get one. If the fund went below 3% that's the last you'd hear of them so they are long gone

[greg the grinch] 08/12/2020 20:00

re: overhang, I guess we will find out in the next week or so.

No zero holding RNS from from Miton yet.

[dplewis1] 08/12/2020 17:34

It seems like whatever overhang there was has gone. Certainly if it goes above 30p for 5 consecutive days and people are forced to convert the warrants then there may be some selling. I have some which I won't be selling on conversion, depends how many are like me and will simply hold

[greg the grinch] 08/12/2020 16:56

It will be interesting to see if this price rise brings out any selling volume from warrant holders - or the seller we have had for a while, or have they gone?

It is times like this I need a crystal ball.