Ethernit Networks additional payment under Share Subscription Agreement

Ethernity Networks Ltd (LON:ENET), a leading supplier of networking processing technology ported on FPGA for virtualised networking appliances, has announced that, under the investment agreement with 5G Innovation Leaders Fund LLC, a U.S.-based specialist investor, as announced on 25 September 2020, the Subscriber has elected to make an additional payment of £256,766, rather than apply the 880,000 Shares issued to the Subscriber at the time of the Agreement towards the number of Shares that the Company issues under the Agreement. Payment has been received by the Company.

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