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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.80 | 0.75 | 0.85 | 0.80 | 0.80 | 0.80 | 2,321,805 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Communications Equip, Nec | 2.94M | -8M | -0.0212 | -0.38 | 3.02M |
TIDMENET
RNS Number : 7061Y
Ethernity Networks Ltd
04 January 2024
04 January 2024
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Update on TSP process
Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of networking processing semiconductor technology ported on field programmable gate arrays ("FPGAs") for virtualised networking appliances announces an update on the Company's ongoing temporary suspension of proceedings ("TSP") process.
Further to the Company's announcement on 20 December 2023, a meeting of the Company's creditors took place earlier today to consider and vote on the Company's proposed settlement plan (the "Settlement Proposal"). Under the Settlement Proposal, there are three categories of creditors, being: (i) Guaranteed Creditors; (ii) Priority Creditors; and (iii) General Creditors. The significant majority of General and Guaranteed Creditors by number and creditor balance approved the Settlement Proposal. The Company has not yet received final votes from all the Priority Creditors (which represent approximately one quarter of the total creditor balance) and remains in discussion with them in order to obtain their votes. Subject to achieving the required level of creditor support for the Settlement Proposal, the TSP settlement manager will report back to the Court in Lod ("Court") to seek the Court's approval of the Settlement Proposal. A further update will be provided in due course.
For further information, please contact:
Ethernity Networks Ltd Tel: +972 3 748 9846 David Levi, Chief Executive Officer Allenby Capital Limited (Nominated Adviser Tel: +44 (0)20 3328 and Joint Broker) 5656 James Reeve / Piers Shimwell (Corporate Finance) Amrit Nahal / Stefano Aquilino (Sales and Corporate Broking) Peterhouse Capital Limited (Joint Broker) Tel: +44 (0)20 7562 0930 Lucy Williams / Duncan Vasey / Eran Zucker
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UPDBIMATMTAMBRI
(END) Dow Jones Newswires
January 04, 2024 11:00 ET (16:00 GMT)
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