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Ethernity Networks - Director/PDMR Shareholding

RNS Number : 3232M
Ethernity Networks Ltd
07 May 2020
 

 

7 May 2020

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Director's Dealing

 

Ethernity (AIM: ENET), a leading supplier of functional acceleration ethernet adapter cards on FPGA (field programmable gate array) for virtualised networking appliances, has been notified that, on 7 May 2020, David Levi, Chief Executive Officer, purchased 59,162 ordinary shares of NIS 0.001 nominal value each in the share capital of the Company ("Shares") at 40p per Share

 

Following this purchase, Mr Levi is beneficially interested in 6,827,062 Shares, representing 20.9 per cent. of the Company's issued share capital.

 

 

For further enquiries please contact:

Ethernity Networks Ltd

+972 8 915 0392

David Levi, Chief Executive Officer

Mark Reichenberg, Chief Financial Officer 

 

 

 

Arden Partners plc (Nominated Adviser, Broker)

+44 207 614 5900

Richard Johnson / Benjamin Cryer

 

 

 

The PR Office (Investor Relations)

+44 207 284 6969

Marc Cohen/Tom Gilby

 

[email protected]

 

 

About Ethernity (www.ethernitynet.com)

Ethernity Networks Ltd. (AIM: ENET) provides innovative, comprehensive networking and security solutions on programmable hardware for accelerating  telco/cloud networks performance. 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 different NFV appliances including 5G UPF, SD-WAN, vCMTS and vBNG with the current focus on 5G emerging appliances.

 

The notifications below are made in accordance with the requirements of the EU regulation on market abuse.

 

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely

associated

 

a)

 

Name

 

David Levi

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Director

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform,

auctioneer or auction monitor

 

a)

 

Name

 

Ethernity Networks Ltd.

b)

 

LEI

 

213800LZJO33QBNXU496

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

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

ordinary shares of NIS 0.001 nominal value each

 

 

ISIN: IL0011410359

 

 

 

 

 

 

b)

 

Nature of the transaction

 

Market purchase

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

40p

59,162

 

 

 

 

 

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

59,162

 

 

- Price

 

- Aggregated total

40p

 

£23,664.80

 

 

e)

 

Date of the transaction

 

7 May 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Ethernity Networks Ltd

Price: 20.9

Market: AIM
Market Cap: £6.83 m
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