Notice of EGM

Summary by AI BETAClose X

Ethernity Networks Limited is convening an extraordinary general meeting on March 18, 2026, to seek shareholder approval for two key resolutions. Firstly, the company aims to increase its share authorities to issue up to 15,000,000,000 new ordinary shares on a non-pre-emptive basis, which will facilitate the grant of warrants associated with a recent placing and provide additional fundraising capacity. Secondly, shareholders will vote on converting unpaid salary and director fees, up to £70,000, into new ordinary shares at the recent placing price of 0.004p.

Disclaimer*

Ethernity Networks Ltd
11 February 2026
 

11 February 2026

Ethernity Networks Limited

("Ethernity" or the "Company")

 

Notice of EGM

 

Ethernity Networks Limited (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology for networking appliances, announces, that it is posting today a circular and notice convening an extraordinary general meeting of the Company (the "EGM"). The EGM will be held at 11:00 a.m. Israel time (9:00 a.m. UK time) at the Company's offices at 3rd Floor, Beit Golan, 1 Golan St., Corner HaNegev, Airport City 7019900, Israel on 18 March 2026.

 

At the EGM, shareholders will be asked to approve resolutions to:

 

·      increase the Company's share authorities to issue and allot up to 15,000,000,000 new ordinary shares of no par value ("Ordinary Shares") on a non-pre-emptive basis; and

 

·      approve the conversion of unpaid salary and director fees of certain directors of the Company into new Ordinary Shares at the recent placing price of 0.004p, with such amount to be converted to be up to £70,000.

 

The share authorities are being sought to enable the grant of Warrants associated with the Placing, details of which were announced on 2 February 2026, together with providing additional fundraising capacity, should it be required.

 

Defined terms in this announcement shall have the same meaning as defined in the Placing announcement issued on 2 February 2026, unless otherwise defined herein.

 

For further information, please contact:

 

Ethernity Networks Ltd

Tel: +972 3 748 9846

David Levi, CEO

Tomer Assis, CFO

 


Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: +44 (0)20 3328 5656

James Reeve / Piers Shimwell (Corporate Finance)

Amrit Nahal (Sales & Broking)

 


ALBR Capital Limited (Joint Broker)

Tel: +44 (0)20 7562 0930

Lucy Williams / Duncan Vasey

 


CMC Markets UK plc (Joint Broker)

Tel: +44 (0)20 3003 8632

Douglas Crippen


 

About Ethernity Networks

Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative networking and security solutions on programmable hardware, enhancing telco/cloud infrastructure capacity. Its semiconductor logic enables advanced data processing for networking applications, alongside patented wireless access and fiber media controllers. Ethernity's solutions accelerate time-to-market and support the deployment of 5G over wireless and fiber infrastructure.

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