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Ethernity Networks Ltd announced that its Chief Executive Officer, David Levi, purchased 5,000,000 ordinary shares. This transaction took place on 5 December 2024 at an average price of 0.13p per share. Following this acquisition and including shares from a previous placing, David Levi now holds 41,704,616 Ordinary Shares, representing 4.17% of the Company's total issued share capital.
| Date | 6 Dec 2024 |
| Time | 07:00:05 |
| Category | Director/PDMR dealings |
| ID | 0489P |
6 December 2024
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Director dealing
Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces that it has been informed by David Levi, Chief Executive Officer, that he has purchased 5,000,000 ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") at an average price of 0.13p per share. Following this purchase, and including the 4,887,218 new Ordinary Shares subscribed for in the placing announced on 4 December 2024, David Levi holds 41,704,616 Ordinary Shares, equivalent to 4.17% of the Company's total issued share capital (as enlarged by the placing shares due to admit to trading on AIM on or around 10 December 2024).
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 |
David Levi |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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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 Ordinary 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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0.13p |
1 |
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0.13p |
999,999 |
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0.128p |
500,000 |
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0.128p |
500,000 |
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0.128p |
1,000,000 |
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0.128p |
1,000,000 |
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0.128p |
1,000,000 |
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d) |
Aggregated information - Aggregated volume - Av. Price |
5,000,000 0.1285714p
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e) |
Date of the transaction |
5 December 2024 |
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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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Tomer Assis, 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 / Stefano Aquilino (Sales and Corporate Broking)
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CMC Markets UK plc (Joint Broker) Douglas Crippen |
Tel: +44 (0)20 3003 8632 |
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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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About Ethernity (www.ethernitynet.com)
Ethernity Networks (AIM: ENET.L, OTCMKTS: ENETF) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating telco/cloud networks. Ethernity's semiconductor 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.