BATM Advanced Communications Ld Director Share Purchase (9061O)

TIDMBVC

RNS Number : 9061O

BATM Advanced Communications Ld

10 November 2016

10 November 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. Gideon Chitayat, Chairman of the Group, acquired 1,000,000 ordinary shares of 0.01 NIS each in the Group ("Ordinary Shares") at a price of 15.5 pence per Ordinary Share.

Following the transaction, Dr. Chitayat has an interest in 3,000,000 Ordinary Shares, representing approximately 0.74% 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. Gideon Chitayat 
----  --------------------------  -------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------ 
 a)    Position/status             Chairman 
----  --------------------------  -------------------------------------- 
 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) 
                                     ---------  ---------- 
                                      15.5p      1,000,000 
                                     ---------  ---------- 
----  --------------------------  -------------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume          1,000,000 
 
 
 d)     - Price                      15.5p 
----  --------------------------  -------------------------------------- 
 e)    Date of the transaction     10 November 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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November 10, 2016 09:54 ET (14:54 GMT)