Notification of major holdings
1. Issuer Details
Issuer Name
Ethernity Networks Ltd
UK or Non-UK Issuer
Non-UK Issuer
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
5G Innovation Leaders Fund, LLC and affiliates (the "Shareholder")
City of registered office (if applicable)
Wilmington, Delaware
Country of registered office (if applicable)
USA
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| BNP Paribas Securities Services as Custodian | New York | USA |
5. Date on which the threshold was crossed or reached
29 November 2021
6. Date on which Issuer notified
2 December 2021
7. Total positions of person(s) subject to the notification obligation
| | % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer |
| Resulting situation on the date on which threshold was crossed or reached | 6.50% | N/A | 6.50% | 4,898,637 |
| Position of previous notification (if applicable) | Below 5% | N/A | Below 5% | |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| Ordinary Shares | | 4,898,637 | | 6.50% |
| Sub Total 8.A | 4,898,637 | 6.50% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| | | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| | | | | | |
| Sub Total 8.B2 | | | | ||
9. Information in relation to the person subject to the notification obligation
N/A
10. In case of proxy voting
N/A
11. Additional Information
The Shareholder hereby informs Ethernity Networks Ltd that as of 29 November 2021, the Shareholder holds 4,898,637 voting shares of Ethernity Networks Ltd, which is equivalent to a voting share ownership percentage of 6.50% of Ethernity Networks Ltd, as of the same date. These voting shares were acquired upon the subscription of shares under the share subscription deed announced to the market by Ethernity Networks Ltd on 25 September 2020.
This notice is being delivered to Ethernity Networks Ltd pursuant to Article 73 of the Amended and Restated Articles of Association of Ethernity Networks Ltd.
12. Date of Completion
2 December 2021
13. Place Of Completion
United States of America
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