Ethernity Networks Ltd Director/PDMR Shareholding (3232M)

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RNS Number : 3232M

Ethernity Networks Ltd

07 May 2020

7 May 2020

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Director's Dealing

Ethernity (AIM: ENET), a leading supplier of functional acceleration ethernet adapter cards on FPGA (field programmable gate array) for virtualised networking appliances, has been notified that, on 7 May 2020, David Levi, Chief Executive Officer, purchased 59,162 ordinary shares of NIS 0.001 nominal value each in the share capital of the Company ("Shares") at 40p per Share

Following this purchase, Mr Levi is beneficially interested in 6,827,062 Shares, representing 20.9 per cent. of the Company's issued share capital.

For further enquiries please contact:

 
Ethernity Networks Ltd                           [phone] 
David Levi, Chief Executive Officer 
 Mark Reichenberg, Chief Financial Officer 
 
Arden Partners plc (Nominated Adviser, Broker)   [phone] 
Richard Johnson / Benjamin Cryer 
 
The PR Office (Investor Relations)               [phone] 
Marc Cohen/Tom Gilby 
 
 [e-mail] 
 

About Ethernity (www.ethernitynet.com)

Ethernity Networks Ltd. (AIM: ENET) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks performance. 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 different NFV appliances including 5G UPF, SD-WAN, vCMTS and vBNG with the current focus on 5G emerging appliances.

The notifications below are made in accordance with the requirements of the EU regulation on market abuse.

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely 
        associated 
 a)    Name                                    David Levi 
      --------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                         Director 
      --------------------------------------  ---------------------------------------------- 
 b)    Initial notification                    Initial notification 
        /Amendment 
      --------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, 
        auctioneer or auction monitor 
      -------------------------------------------------------------------------------------- 
 a)    Name                                    Ethernity Networks Ltd. 
      --------------------------------------  ---------------------------------------------- 
 b)    LEI                                     213800LZJO33QBNXU496 
      --------------------------------------  ---------------------------------------------- 
 4     Details of the transaction(s): section to be repeated for 
        (i) each type of instrument; 
        (ii) each type of transaction; (iii) each date; and (iv) each 
        place where transactions 
        have been conducted 
      -------------------------------------------------------------------------------------- 
 a)    Description of the                      ordinary shares of NIS 0.001 nominal 
        financial instrument,                   value each 
        type of instrument 
 
        Identification code                     ISIN: IL0011410359 
 
 
 
 b)    Nature of the transaction               Market purchase 
      --------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               -------------------  ---------------------- 
                                                Price(s)             Volume(s) 
                                               -------------------  ---------------------- 
                                                40p                  59,162 
                                               -------------------  ---------------------- 
 
 
 d)    Aggregated information 
 
  - Aggregated volume                     59,162 
 
  - Price                                 40p 
 
   - Aggregated total                      GBP23,664.80 
 
 e)    Date of the transaction                 7 May 2020 
      --------------------------------------  ---------------------------------------------- 
 f)    Place of the transaction                London Stock Exchange, AIM Market (XLON) 
      --------------------------------------  ---------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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May 07, 2020 10:32 ET (14:32 GMT)