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On 06 May 2022, Ethernity Networks Ltd announced that Chairman Yosi Albagli purchased 10,000 Ordinary Shares at 18.6p each, increasing his holding to 47,106 shares, representing 0.07% of issued share capital. Concurrently, CEO David Levi acquired 150,000 Ordinary Shares at 18.59p each, bringing his total interest to 9,587,160 shares, equivalent to 12.72% of the company's issued share capital.
| Date | 6 May 2022 |
| Time | 16:00:01 |
| Category | Director/PDMR dealings |
| ID | 6693K |
06 May 2022
Ethernity Networks Ltd
("Ethernity" or the "Company")
Director dealings
Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of networking processing semiconductor technology ported on FPGA (field programmable gate array) for virtualised networking appliances, has today been informed of the following transactions in the ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") by certain Directors of the Company.
Yosi Albagli, Chairman of the Company, has today purchased 10,000 Ordinary Shares at a price of 18.6p per share. Following this purchase, Mr Albagli is now interested in 47,106 Ordinary Shares, equivalent to 0.07% of the Company's issued share capital.
David Levi, CEO, has today purchased 150,000 Ordinary Shares at a price of 18.59p per share. Following this purchase, Mr Levi is now interested in 9,587,160 Ordinary Shares, equivalent to 12.72% of the Company's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Joseph ("Yosi") Albagli |
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2 |
Reason for the notification |
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a) |
Position/status |
Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ethernity Networks Ltd. |
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b) |
LEI |
213800LZJO33QBNXU496 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
ordinary shares of NIS 0.001 nominal value each
ISIN: IL0011410359 |
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b) |
Nature of the transaction |
Purchase of Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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18.6p |
10,000 |
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d) |
Aggregated information |
N/A |
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e) |
Date of the transaction |
06 May 2022 |
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f) |
Place of the transaction |
XLON: London Stock Exchange |
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
David Levi |
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2 |
Reason for the notification |
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a) |
Position/status |
Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Ethernity Networks Ltd. |
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b) |
LEI |
213800LZJO33QBNXU496 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
ordinary shares of NIS 0.001 nominal value each
ISIN: IL0011410359 |
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b) |
Nature of the transaction |
Purchase of Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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18.59p |
150,000 |
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d) |
Aggregated information |
N/A |
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e) |
Date of the transaction |
06 May 2022 |
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f) |
Place of the transaction |
XLON: London Stock Exchange |
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For further information, please contact:
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Ethernity Networks Ltd |
Tel: +972 8 915 0392 |
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David Levi, Chief Executive Officer |
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Mark Reichenberg, Chief Financial Officer |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) |
Tel: +44 (0)20 3328 5656 |
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James Reeve / Piers Shimwell (Corporate Finance) Amrit Nahal (Sales and Corporate Broking) |
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Peterhouse Capital Limited (Joint Broker) |
Tel: +44 (0)20 7562 0930 |
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Lucy Williams / Duncan Vasey / Eran Zucker
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Arden Partners plc (Joint Broker) |
Tel: +44 (0)20 7614 5900 |
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Tim Dainton |
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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.