• 28 Aug 24
 

Ethernity Networks - Result of AGM

Ethernity Networks Ltd. | ENET | 0.0 0.00 (-2.9%) | Mkt Cap: 0.83m


 
RNS Number : 9934B
Ethernity Networks Ltd
28 August 2024
 

 

28 August 2024

 

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 

Result of Annual General Meeting

 

Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of data processing semiconductor technology for networking appliances and fiber access controller for PON networks, is pleased to confirm that at its Annual General Meeting, held earlier today, all resolutions put to shareholders were duly passed on a poll.  The voting results are set out in Appendix A at the end of this announcement.

 

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.

 

 

 

 

 

 

 

 

 

 

Appendix A

 

All resolutions and voting undertaken and counted under the Israel Companies Law

 

Resolution

Outcome

Votes For

Votes Against

%

For

%

Against

Votes Withheld

1.   Reappointment of the Independent External Auditor

Passed

150,489,130

4,223,550

97.27%

2.73%

0

2.   Increasing the authorised share capital of the Company

Passed

147,955,107

6,757,573

95.63%

4.37%

0

3.   Disapplication of pre-emption rights on equity issues for cash

Passed

147,941,634

6,771,046

95.62%

4.38%

0

4.   Ratification of Reappointment of Mr. Albagli as a Member of the Board and Remuneration of Mr. Albagli as Chairman of the Board

Passed

150,489,130

4,223,550

97.27%

2.73%

0

5.   Ratification of Appointment of Ms. Ayala Deutsch as a Member of the Board

Passed

150,489,130

4,223,550

97.27%

2.73%

0

 

Total votes cast were 154,712,680 representing 29.96% of the Company's total issued share capital.

 

 

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