Ethernity Networks Ltd Holding in Company (5119C)

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RNS Number : 5119C

Ethernity Networks Ltd

11 October 2022

11 October 2022

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Holding in Company

Ethernity Networks Ltd (AIM: ENET.L; OTCQB: ENETF), a leading supplier of networking processing semiconductor technology ported on FPGA (field programmable gate array) for virtualised networking appliances, received notification on 9 October 2022 from 5G Innovation Leaders Fund, LLC (the "Investor") that the Investor's voting rights over the Company's ordinary shares at that date were between 4% and 5% of the Company's total issued share capital.

Enquiries:

 
 Ethernity Networks                          Tel: [phone] 
 David Levi, Chief Executive Officer 
 Mark Reichenberg, Chief Financial Officer 
 
 Allenby Capital Limited                     Tel: [phone] 
                                              5656 
 (Nominated Adviser and Joint Broker) 
 James Reeve / Piers Shimwell (Corporate 
  Finance) 
 Amrit Nahal (Sales and Corporate Broking) 
 
 Peterhouse Capital Limited (Joint Broker)   Tel: [phone] 
                                              0930 
 Lucy Williams / Duncan Vasey / Eran 
  Zucker 
 
 Harbor Access Inc (US Investor Relations) 
 Jonathan Paterson                           Tel: + 1 [phone] 
 

About Ethernity Networks

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.

For more information on Ethernity's products and solutions, please see The Company's website at www.ethernitynet.com .

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October 11, 2022 07:00 ET (11:00 GMT)