Result of EGM

RNS Number : 6145V
Ethernity Networks Ltd
15 April 2021
 

15 April 2021

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

 Result of EGM

Ethernity (AIM: ENET ), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks , announces that all resolutions proposed at its Extraordinary General Meeting ("Meeting") held earlier today were duly passed.

Result of EGM

Each of the resolutions put to the Meeting were voted on by way of a poll. The results of the poll for each resolution were as follows:

#

    Resolution

Votes
FOR

%

Votes AGAINST

%

Total Votes Cast (excluding Votes WITHHELD)

Votes WITHELD

1

Ratification of appointment of Joseph (Yosi) Albagli as Chairman of the Board

27,739,507

100%

0

0%

27,739,507

300

2

Approval of Equity Portion of Joseph (Yosi) Albagli's compensation

27,739,507

100%

0

0%

27,739,507

300









NOTES:

  Link Asset Services acted as scrutineer of the poll on all resolutions.

1.  Proxy appointments which gave discretion to the Chairman of the Meeting have been included in the "For" total for the appropriate resolution.

2.  Votes "For" and "Against" any resolution are expressed as a percentage (rounded to two decimal places) of votes validly cast for that resolution.

3.  A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution.

4.  As of 8 April 2021, the Company's issued share capital consists of 49,485,170 ordinary shares with a nominal value of NIS0.001 each,

 

For further information, please contact:

Ethernity Networks

Tel: +972 8 915 0392

David Levi, Chief Executive Officer


Mark Reichenberg, Chief Financial Officer




Arden Partners plc (NOMAD and Joint Broker)

Tel: +44 207 614 5900

Richard Johnson / Benjamin Cryer




Peterhouse Capital Limited (Joint Broker)

Tel: +44 20 7562 0930

Lucy Williams / Duncan Vasey / Eran Zucker




 

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 and edge computing.

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