BATM Advanced Communications Ld Director Share Purchase (4721K)

TIDMBVC

RNS Number : 4721K

BATM Advanced Communications Ld

21 September 2016

21 September 2016

BATM Advanced Communications Limited

("BATM" or the "Group")

Director Share Purchase

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that, today, Dr. Zvi Marom, Chief Executive Officer of the Group, acquired 300,000 ordinary shares of 0.01 NIS each in the Group ("Ordinary Shares") at a price of 16.625 pence per Ordinary Share.

Following the transaction, Dr. Marom has an interest in 96,694,500 Ordinary Shares, representing approximately 23.98% of the Group's issued ordinary share capital.

Enquiries:

 
  BATM Advanced Communications 
---------------------------------  ----------------- 
 Dr Zvi Marom, Chief Executive 
  Officer                           [phone] 
---------------------------------  ----------------- 
 Moti Nagar, Chief Financial 
  Officer 
---------------------------------  ----------------- 
 
 finnCap 
---------------------------------  ----------------- 
 Stuart Andrews, Scott Mathieson    [phone] 
---------------------------------  ----------------- 
 
 Shore Capital 
---------------------------------  ----------------- 
 Mark Percy, Anita Ghanekar         [phone] 
---------------------------------  ----------------- 
 
 Luther Pendragon 
---------------------------------  ----------------- 
 Harry Chathli, Claire Norbury      [phone] 
---------------------------------  ----------------- 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  ------------------------------------------------------------------ 
 a)    Name                        Dr. Zvi Marom 
----  --------------------------  -------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------ 
 a)    Position/status             Chief Executive Officer 
----  --------------------------  -------------------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
----  --------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  ------------------------------------------------------------------ 
 a)    Name                        BATM Advanced Communications 
                                    Ltd. 
----  --------------------------  -------------------------------------- 
 b)    LEI                         N/a 
----  --------------------------  -------------------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  ------------------------------------------------------------------ 
 a)    Description of              Ordinary Shares of 0.01 NIS 
        the financial               each in BATM Advanced Communications 
        instrument, type            Ltd. 
        of instrument 
                                    IL0010849045 
        Identification 
        code 
----  --------------------------  -------------------------------------- 
 b)    Nature of the               Purchase of Ordinary Shares 
        transaction 
----  --------------------------  -------------------------------------- 
 c)    Price(s) and volume(s)        Price(s)   Volume(s) 
                                     ---------  ---------- 
                                      16.625p    300,000 
                                     ---------  ---------- 
----  --------------------------  -------------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume          300,000 
 
 
 d)     - Price                      16.625p 
----  --------------------------  -------------------------------------- 
 e)    Date of the transaction     21 September 2016 
----  --------------------------  -------------------------------------- 
 f)    Place of the transaction    London Stock Exchange, Main 
                                    Market 
----  --------------------------  -------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 21, 2016 09:30 ET (13:30 GMT)