9 April 2024
ETHERNITY NETWORKS LTD.
("Ethernity" or the "Company")
Adjournment of General Meeting
Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF), a
leading supplier of data processing and fibre access semiconductor
technology for networking appliances, announces that its general
meeting due to be held earlier today (the "General Meeting") has
been adjourned.
Pursuant to the company's Articles of Association and
as set out in the notice of General Meeting, a general meeting of
shareholders is quorate if there are two or more shareholders
present in person or by proxy and holding ordinary shares
conferring in aggregate 25 per cent. or more of the voting power of
the Company.
At the General Meeting, shareholders present in
person or by proxy did not represent ordinary shares conferring 25
per cent. or more of the voting rights of the Company and therefore
the meeting was not quorate.
As set out in the notice of General Meeting, if
within half an hour from the time appointed for the General Meeting
a quorum is not present, the General Meeting shall be adjourned to
the same day in the next week, at the same time and place. Only
those shareholders registered in the Company's register of
shareholders as of close of business (UK time) on 2 April 2024 are
entitled to attend and/or vote at the adjourned meeting. Two or
more shareholders who attend the adjourned meeting in person or by
proxy will constitute a quorum, regardless of the number ordinary
shares they hold or represent.
The adjourned general meeting will therefore be held
at 3rd Floor Beit Golan, 1 Golan St. Corner HaNegev, Airport City
7019900, Israel at 11:00 a.m. IST (09:00 a.m. BST) on 16 April 2024
(the "Adjourned Meeting"). Valid proxy votes submitted in respect
of the General Meeting will be counted at the Adjourned Meeting.
Based on the proxy votes and forms of direction received for the
General Meeting, had the meeting been quorate, the resolutions
would have been passed.
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
(www.ethernitynet.com)
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.