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ENET Ethernity Networks Ltd

0.02 (2.74%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ethernity Networks Ltd LSE:ENET London Ordinary Share IL0011410359 ORD NIS0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 2.74% 0.75 0.70 0.80 0.75 0.725 0.725 1,862,215 09:11:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Equip, Nec 2.94M -8M -0.0212 -0.35 2.83M

Ethernity Networks Ltd Result of Adjourned GM and Board Changes

16/04/2024 10:12am

RNS Regulatory News

RNS Number : 8078K
Ethernity Networks Ltd
16 April 2024


16 April 2024



("Ethernity" or the "Company")


Result of Adjourned General Meeting


Appointment of directors


Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing and fibre access semiconductor technology for networking appliances, announces that, further to the Company's announcement on 9 April 2024, the adjourned general meeting of the Company was held earlier today, and all resolutions were duly passed on a poll. The voting results are set out in Appendix A at the end of this announcement.


Proposed grant of options


At the general meeting, resolutions were passed to approve the grant of 17,377,225 options to certain directors of the Company, details of which were announced on 1 March 2024. The options will be granted once the Company is no longer in a closed period, following the publication of the Company's annual report and accounts for the year ended 31 December 2023. A further announcement will be made at that time.


Appointment of directors


Following the passing of the resolutions, Julie Kunstler and Aviva Banczewski have been appointed to the Board of Directors of the Company as External Non-Executive Directors.


Biographies of the directors


Julie Kunstler has over 30 years' experience in the communications components, equipment, and software industry, having served as an executive, venture-fund investor, analyst, and board member. Most recently, Julie held the position of Chief Analyst - Broadband Access Intelligence Service for Omdia (a division of Informa Tech), covering the fixed broadband access industry ecosystem. Prior to joining Omdia, Julie served as VP Business Development for Teknovus, a venture-backed broadband access PON (Passive Optical Network) chip start-up, where she assisted with fundraising, corporate strategy, OEM agreements, and its acquisition by Broadcom.


Aviva Banczewski has over 30 years of varied finance experience including audit, consulting, regulatory and compliance, business and strategic planning and acquisition due diligence assignments. She started her career working for Andersen in both Australia and then Israel for a total of 15 years. Since then, she has held both finance and investor relations roles in publicly traded companies, including ICL Group Ltd, which is listed on the NYSE the Tel Aviv Stock Exchange ("TASE") and Evogene Ltd, which is listed on Nasdaq and TASE. She currently acts as Director of Investor Relations for Pluri, Inc, a Nasdaq and TASE listed company. Aviva has also been a board member of the Israel Australia Chamber of Commerce since November 2022.


Regulatory disclosures


As required under Schedule Two, paragraph (g) of the AIM Rules for Companies, further disclosures on Julie Kunstler and Aviva Banczewski are as follows:


Julie Anne Kunstler (formerly Katzen) is 68 years old. There is no further information on Julie Kunstler required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.


Aviva Banczewski, aged 57, holds the following directorships and/or partnerships in the past five years:


Current directorships and/or partnerships:


·    Diagnosis and Rehabilitation Clinic - Functional Capacity Evaluation and Whiplash Center Ltd


·    Israel-Australia, New Zealand & Oceania Chamber of Commerce (RA) (Israel)


There is no further information on Aviva Banczewski required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.


For further information, please contact:


Ethernity Networks Ltd

Tel: +972 3 748 9846

David Levi, Chief Executive Officer

Ayala Deutsch, Chief Financial Officer




Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: +44 (0)20 3328 5656

James Reeve / Piers Shimwell (Corporate Finance)

Amrit Nahal / Stefano Aquilino (Sales and Corporate Broking)




CMC Markets UK plc (Joint Broker)

Douglas Crippen

Tel: +44 (0)20 3003 8632



Peterhouse Capital Limited (Joint Broker)

Tel: +44 (0)20 7562 0930

Lucy Williams / Duncan Vasey / Eran Zucker




About Ethernity (


Ethernity Networks (AIM: ENET.L OTCMKTS: ENETF) provides innovative, comprehensive networking and security solutions on programmable hardware that increase telco/cloud network infrastructure capacity. Ethernity's semiconductor logic offers data processing functionality for different networking applications, innovative patented wireless access technology, and fibre access media controllers, all equipped with control software with a rich set of networking features. Ethernity's solutions quickly adapt to customers' changing needs, improving time-to-market, and facilitating the deployment of 5G over wireless and fibre infrastructure.


Appendix A





Votes For

Votes Against





Votes Withheld

1.    Appointment of Aviva Banczewski as External Director






2.    Appointment of Julie Kunstler as External Director






3.    Disapplication of pre-emption rights on equity issues for cash






4.    Approval of Options award to David Levi(1)






5.    Approval of Options award to Shavit Baruch






6.    Approval of Options award to Ayala Deutsch






7.    Approval of Options award to Joseph Albagli






8.    Approval of Amendments to the Articles Regarding Quorum for Shareholder Meetings






(1)  Votes exclude personal interest shares

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