14 August 2025
ETHERNITY NETWORKS LIMITED
("Ethernity" or the "Company")
Result of EGM
Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances and PON, is pleased to confirm that at the Extraordinary 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 Tomer Assis, Chief Financial Officer | |
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| Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: +44 (0)20 3328 5656 |
| James Reeve / Piers Shimwell (Corporate Finance) Amrit Nahal (Sales and Corporate Broking) | |
| | |
| CMC Markets UK plc (Joint Broker) | Tel: +44 (0)20 3003 8632 |
| Douglas Crippen | |
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| Peterhouse Capital Limited (Joint Broker) | Tel: +44 (0)20 7562 0930 |
| Lucy Williams / Duncan Vasey / Eran Zucker | |
About Ethernity Networks
Ethernity Networks (AIM: ENET.L; OTCMKTS: ENETF) provides innovative, comprehensive networking and security solutions on programmable hardware, enhancing telco/cloud network infrastructure capacity. Ethernity's semiconductor logic offers data processing functionality for various networking applications, alongside patented wireless access technology and fiber access media controllers, all equipped with control software boasting a rich set of networking features. Ethernity's solutions swiftly adapt to customers' evolving needs, accelerating time-to-market and facilitating the deployment of 5G over wireless and fiber infrastructure.
Appendix A
| All resolutions and voting undertaken and counted in terms of Israel Companies Law | ||||||
|
Resolution | Outcome | Votes For | Votes Against | % For | % Against | Votes Withheld |
| 1. Increasing the authorised share capital of the Company | Passed | 526,583,563 | 161,599,860 | 76.52% | 23.48% | 14,357 |
| 2. Disapplication of pre-emption rights on equity issues for cash | Passed | 518,571,515 | 169,611,908 | 75.35% | 24.65% | 14,357 |
The approval of Resolution 2 requires the affirmative vote of three fourths of the Ordinary Shares.
It achieved the required majority to be approved.
Total votes cast were 688,197,780 representing 13.66% of the Company's total issued share capital.
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