Completion of Creditor Settlement Payments
Ethernity completes all creditor settlement payments under court-approved arrangement.
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Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology for networking appliances, is pleased to announce the successful completion of all creditor payments under its previously approved settlement arrangement.
The court-appointed settlement manager has submitted a formal report to the court in Lod ("Court") confirming that Ethernity has fulfilled its obligations in full, completing all required payments to creditors in accordance with the settlement terms (the "Settlement Plan"). The Company now awaits formal confirmation from the Court that Ethernity is no longer operating under the Settlement Plan, which will mark the conclusion of the settlement process.
This milestone demonstrates the Company's commitment to financial discipline and operational stability. The Company continues to make progress with its commercial strategy, including its FPGA-based UEP solution for both the Wireless and PON markets, as well as the development of its planned ASIC business.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.