Investor Relations

Our live share price can be found here: ENET.L at the London Stock Exchange

About Ethernity Networks

Ethernity Networks delivers innovative software solutions for networking and security, ported on any FPGA. We offer complete data processing solutions with a rich set of networking features, robust security, and a wide range of virtual functions to optimise and accelerate telco/cloud networks. Our complete solutions, which are now being implemented, facilitate the deployment of edge computing, 5G, IoT, and NFV.

As the holders of five US patents for our technology, Ethernity is uniquely positioned to enable the delivery of optimised offerings that can not only accelerate network performance, but can also save our customers on their operating expenses, such as power consumption and physical space, by reducing the required number of computer server CPU cores.

As a company, we embrace the ten principles of the Quoted Company Alliance (QCA) Code, and we refer you to our Corporate Governance section for more detailed information.

Ethernity CEO David Levi speaks about the Company’s 2018 results

Ethernity CEO David Levi speaks at Mobile World Congress 2019

Ethernity’s flagship product – FPGA SmartNIC explained in a simple video

Our live share price can be found here: ENET.L at the London Stock Exchange

Financial Summary

(as of 19 August 2020)

There are no shares held in Treasury

There are no restrictions on the transfer of AIM securities

Key Shareholders

Significant shareholders as of 19 August 2020

Our live share price can be found here: ENET.L at the London Stock Exchange

THE QUOTED COMPANY ALLIANCE (QCA) CODE

CHAIRMAN’S STATEMENT

The Directors recognise the importance of good corporate governance and have chosen to apply the Quoted Companies Alliance Corporate Governance Code (the ‘QCA Code’). The QCA Code was developed by the QCA as an alternative corporate governance code applicable to AIM companies. The underlying principle of the QCA Code is that “the purpose of good corporate governance is to ensure that the Company is managed in an efficient, effective and entrepreneurial manner for the benefit of all shareholders over the longer term”. It is the Board’s job to ensure that Ethernity Networks is managed in terms of this underlying principle of the QCA Code, with effective and efficient decision-making. Corporate governance is an important part of that job, reducing risk and adding value to our business.

 The Company addresses the key governance principles defined in the QCA Code as outlined in the table below. We will provide annual updates on our compliance with the code.

Graham Woolfman, Independent Non-executive Chairman

This disclosure was last reviewed and updated on 30 June 2020

 

DELIVER GROWTH

MAINTAIN A DYNAMIC MANAGEMENT FRAMEWORK

BUILD TRUST

30 June 2020

Board Committees

The Company has Audit, Nomination and Remuneration Committees.

Audit Committee

The Audit Committee is chaired by Zohar Yinon and has the primary responsibility for monitoring the quality of internal controls, ensuring that the financial performance of the Company is properly measured and reported on, reviewing reports from the Company’s auditors relating to the Company’s accounting and internal controls, and in all cases having due regard to the interests of Shareholders. The Audit Committee meets at least twice a year. Chen Saft-Feiglin and Neil Rafferty are the other members of the Audit Committee.

Nomination Committee

The Nomination Committee is chaired by Graham Woolfman, and identifies and nominates, for the approval of the Board, candidates to fill Board vacancies as and when they arise. The Nomination Committee meets as required. Neil Rafferty and David Levi are the other members of the Nomination Committee.

Remuneration Committee

The Remuneration Committee is chaired by Chen Saft-Feiglin and reviews the performance of the executive directors and determines their terms and conditions of service, including their remuneration and the granting of options to the Executive, having due regard to the interests of Shareholders. The Remuneration Committee meets at least once a year. Zohar Yinon and Neil Rafferty are the other members of the Remuneration Committee.

Directors’ Responsibilities

Company law requires the Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss for each period. In preparing those financial statements, the Directors are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed with any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company and the Group will continue in business.

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Group and to prevent and detect fraud and other irregularities.

Policies approved at the Annual General Meeting of 13 August 2019:

Compensation Policy Amended on 08 August 2019

Directors and Officers Indemnities

Our live share price can be found here: ENET.L at the London Stock Exchange

RNS News

14.09.20 | Result of Annual General Meeting 14 September 2020


10.09.20 | Interim Results for the Six Months Ended 30 June 2020


14.08.20 | Exercise of Options


11.08.20 | Issue of Equity


05.08.20 | Ethernity Signs New Contract with Existing OEM Customer


03.08.20 | Notice of Annual General Meeting


23.07.20 | Holding(s) in Company


17.07.20 | Holding(s) in Company


17.07.20 | Holding(s) in Company


14.07.20 | Broker Option – Fully Subscribed


13.07.20 | Placing and Subscription to raise £780,000


26.06.20 | Results for the Year Ended 31 December 2019


22.06.20 | Results of EGM


22.06.20 | Ethernity Networks Signs Distribution Contract with Techtronics


17.06.20 | Update on IA Grant


11.06.20 | Appointment of Joint Broker


15.05.20 | Notice of EGM


07.05.20 | Director’s Dealing


06.05.20 | Market Update and Proposed Extraordinary General Meeting


30.04.20 | Design Contract with North American Tier-1 OEM


20.04.20 | Ethernity Networks Recognized as a Vendor to Watch in Gartner Market Trends: Function Accelerator Cards Disrupting Traditional Ethernet Adapter Market Report


08.04.20 | COVID-19 Business Update


02.04.20 | Ethernity Networks Sees Further Progress for its 5G UPF Offering in China With Additional Engagements


17.03.20 | Ethernity Networks Launches New ENET-D Ethernet Controller FPGA Engine


24.02.20 | Trading and Market Update


18.02.20 | Holding(s) in Company


18.02.20 | Appointment of Financial PR & IR Firm PRO


13.02.20 | Ethernity Networks and TietoEVRY to Boost 5G Performance with UPF/VPP Acceleration


23.01.20 | Exercise of Options


06.09.19 | Interim results for the six months ended 30 June 2019


13.08.19 | Result of Annual General Meeting 13 August 2019


08.08.19 | Correction to Resolution Number 2 for the Annual General Meeting to be held on 13 August 2019


17.06.19 | FiberHome Selects Ethernity Network’s ACE-NIC100 to Power New FitBNG


13.06.19 | Posting of Annual Report and Accounts; Notice of Annual General Meeting


12.06.19 | Notice of Annual General Meeting


12.06.19 | Annual Report for the Year Ended 31 December 2018


27.03.19 | Holding(s) in Company


16.01.19 | Ethernity Successfully Completes Delivery of Its ACE-NIC100 for Major Korean OEM


27.11.18 | Holding(s) in Company


21.11.18 | Contract with Tier 1 North American Military and Defence OEM


12.11.18 | Ethernity to Present at the Proactive Investors One2One Investor Forum


30.10.18 | Exercise of Options


24.10.18 | Contract with North American Tier 1 OEM


02.10.18 | Exercise of Options 08.10.18


16.09.18 | Exercise of Options 20.09.18


07.09.18 | Interim results for the six months ended 30 June 2018


24.07.18 | Result of Annual General Meeting 23 July 2018


29.06.18 | Posting of Annual Report and Accounts; Notice of Annual General Meeting


19.06.18 | Preliminary Results for the Year Ended 31 December 2017


08.02.18 | Ethernity Networks Appoints Rob O’Hara as VP Worldwide Sales


04.01.18 | Trading Update


20.12.17 | Ethernity’s Carrier Ethernet Technology Selected by Australian Equipment Manufacturer


15.11.17 | Result of EGM 15 November 2017


13.11.17 | Ethernity Networks Joins the Intel® Network Builders Program


10.10.17 | Ethernity Presenting at SDN World Congress


06.10.17 | Notice of EGM 6 October 2017


15.09.17 | Ethernity Completed Successful Proof-of-Concept of ACE-NIC integration in Customer Environments


15.09.17 | Interim results for the six months ended 30 June 2017


05.07.17 | Holding(s) in Company


03.07.17 | Holding(s) in Company


03.07.17 | TR-1: Notification of major interest in shares


30.06.17 | Holding(s) in Company


29.06.17 | Admission to AIM and First Day of Dealings

The following information and links are provided for the purposes of AIM Rule 26.

LAST UPDATED: 03 August 2020

Company | Our Company Overview page provides our business description.


Directors | Information about our directors can be found on our Executive Leadership page


Corporate Governance | Please see the Corporate Governance section for details.


Country of Incorporation | Country of incorporation: Israel. \ Company registration number: 51-347834-7. \ Main country of operation: Israel. \ The rights of shareholders may be different from the rights of shareholders in a UK incorporated company.


Number of Shares in Issue and Major Shareholders | Please see the Shareholder Analysis section for more information.


Articles of Association | All relevant documents can be found in the Regulatory Documents section.


Other Exchanges | The Company’s shares are not traded on any other stock exchange. Please see the Shareholder Analysis section for more information.


Details of Any Restrictions on the Transfer of AIM Securities | There are no restrictions on the transfer of Company’s shares. Please see the Shareholder Analysis section for more information.


Annual and Interim Financial Reports | All relevant documents can be found in our Financial Reports section.


Notifications & Announcements | Regulatory news and other announcements can be found in our Regulatory News section.


Admission Document and Circulars | All relevant documents can be found in the Regulatory Documents section.


Advisers | The Advisers and Registrar section contains information on all relevant parties.


Takeover Code | As the Company is incorporated in Israel, it is subject to Israeli law and the UK City Code on Takeovers and Mergers does not apply.

Our live share price can be found here: ENET.L at the London Stock Exchange

Nominated Adviser and Joint Broker
Arden Partners plc
125 Old Broad Street
London EC2N 1AR

Joint Broker and IR
VSA Capital Limited
New Liverpool House
15-17 Eldon Street
London EC2M 7LD

Joint Broker
Peterhouse Capital Limited
80 Cheapside
London EC2V 6DZ

Auditors
Fahn Kahne & Co. Grant Thornton Israel
32 Hamasger Street
Tel Aviv 6721118
Israel

UK Solicitors
Howard Kennedy LLP
No.1 London Bridge
London SE1 9BG

Registrar
Link Asset Services
34 Beckenham Road
Beckenham, Kent BR3 4ZF

Our live share price can be found here: ENET.L at the London Stock Exchange

For assistance with investor relations enquiries, please contact:

Mark Reichenberg, Chief Financial Officer, Ethernity Networks
MarkR@Ethernitynet.com