Ethernity Networks Ltd Update on OTC Markets listing (8664K)
August 31 2023 - 2:00AM
UK Regulatory
TIDMENET
RNS Number : 8664K
Ethernity Networks Ltd
31 August 2023
31 August 2023
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Update on OTC Markets listing
Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of data
processing semiconductor technology for networking appliances and
fibre access controller for PON networks, announces that, with
effect from 1 September 2023, its ordinary shares ("Ordinary
Shares") will cease to trade on the OTCQB Venture Market ("OTCQB")
and commence trading on the Pink Open Market ("Pink Market"),
operated by OTC Markets. The Ordinary Shares will continue to be
admitted to trading on AIM as the Company's primary listing,
alongside the admission to trading on the Pink Market.
The Company's shares were admitted to trading on OTCQB on 6
September 2022. The Company has decided to transfer to the Pink
Market due to the absence of perceived benefits for Ethernity's
shareholders from the OTCQB listing, and the excessive resources it
entailed. Through the admission to trading on the Pink Market,
Ethernity shareholders based in the US will continue to have access
to a platform by which they can trade in the Company's Ordinary
Shares. The Ordinary Shares will trade on the Pink Market under the
same ticker symbol, "ENETF".
For further information, please contact:
Ethernity Networks Ltd Tel: +972 3 748 9846
David Levi, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0)20 3328
and Joint Broker) 5656
James Reeve / Piers Shimwell (Corporate
Finance)
Amrit Nahal / Stefano Aquilino (Sales and
Corporate Broking)
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) 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.
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END
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