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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
BATM Advanced Communications Limited | AQSE:BVC.GB | Aquis Stock Exchange | Ordinary Share | IL0010849045 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.32 | 1.98% | 16.47 | 14.96 | 17.94 | 16.47 | 16.15 | 16.15 | 4,232 | 15:29:32 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBVC
RNS Number : 5561L
BATM Advanced Communications Ld
03 January 2023
LEI: 213800FLQUB9J289RU66
3 January 2023
BATM Advanced Communications Limited
("BATM" or "the Company")
Grant of Options
Further to the Company's announcements of 24 November and 21 December 2022, BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that the Company granted, on 1 January 2023 (the "Grant Date"), options over ordinary shares of 0.01 NIS each in the capital of the Company ("Ordinary Shares") to certain Directors as follows:
Name Role Number of Options exercise Period and conditions options granted price of vesting Gideon Chitayat* Chairman 1,229,369 25.49 pence The options fully vest on the first anniversary of the Grant Date. --------- ----------------- ----------------- ------------------------- Moti Nagar CEO 16,433,937 25.49 pence One-third of the options will vest on each of the first, second and third anniversaries of the Grant Date . --------- ----------------- ----------------- -------------------------
* Dr. Chitayat's options were granted to GMBS General Management & Business Strategy Consultants Ltd., a service company through which Dr. Chitayat provides his services to the Company
The options were granted under the BATM Advanced Communications Ltd. Global Share Incentive Plan (2021) ("SIP (2021)"). The exercise price represents the average closing price of the Company's Ordinary Shares on the London Stock Exchange over the 30 trading days preceding the Grant Date. The options granted to Mr. Nagar have a total grant value of 2% of the value of the Company on the Grant Date, as approved by shareholders at the Company's annual general meeting of 21 December 2022. Each grantee's options are exercisable subject to that grantee remaining a service provider of the Company and for 90 days thereafter.
Following the above option grants, Mr. Nagar and Dr. Chitayat hold options over Ordinary Shares and Restricted Share Units ("RSUs") as detailed below:
Instrument Scheme Number Date of Exercise price Date of Conditions of Expiry date (if grant (if applicable) first vesting/exercise* applicable) vesting Gideon Chitayat, Chairman Options SIP (2021) 1,229,369 01/01/23 25.49 pence 01/01/24 The options fully 01/01/33 over vest on the first Ordinary anniversary of Shares the grant date. ------------ ----------- ----------- ---------------- --------- ------------------ ---------------- Moti Nagar, CEO Options ESOP (2004) 906,200 05/05/15 12.69 pence 31/12/16 The options are 04/05/25 over fully vested and Ordinary are exercisable. Shares ------------ ----------- ----------- ---------------- --------- ------------------ ---------------- SIP (2021) 16,433,937 01/01/23 25.49 pence 01/01/24 The options vest 01/01/33 equally on the first, second and third anniversaries of the date of grant. ------------ ----------- ----------- ---------------- --------- ------------------ ---------------- Restricted SIP (2021) 537,109 12/04/22 N/A 12/04/25 The RSUs vest on N/A Share the third Units anniversary of the grant date subject to total shareholder return performance over the three-year period (for details, see page 56 of BATM's Annual Report 2021). If, and to the extent that, these RSUs vest, the resulting ordinary shares will be subject to a two-year holding period, however, sufficient awards may be sold during the holding period to satisfy any tax liabilities owed. ------------ ----------- ----------- ---------------- --------- ------------------ ----------------
* All options and RSUs are subject to the provisions of the scheme under which they were granted and are exercisable subject to the grantee remaining a service provider of the Company and for 90 days thereafter.
Enquiries:
BATM Advanced Communications Moti Nagar, Chief Executive Officer +972 9866 2525 Shore Capital Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory) +44 20 7408 4050 Gracechurch Group Harry Chathli, Claire Norbury +44 20 4582 3500
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Gideon Chitayat ------------------------------------- ------------------------------------------- Reason for the notification 2 ---------------------------------------------------------------------------------- a) Position/status Chairman ------------------------------------- ------------------------------------------- b) Initial notification Initial Notification /Amendment ------------------------------------- ------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ---------------------------------------------------------------------------------- a) Name BATM ADVANCED COMMUNICATIONS LTD ------------------------------------- ------------------------------------------- b) LEI 213800FLQUB9J289RU66 ------------------------------------- ------------------------------------------- Details of the transaction(s): section to be repeated
4 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 the Options over ordinary shares of 0.01 financial instrument, NIS each type of instrument Identification code IL0010849045 b) Nature of the transaction Grant of options ------------------------------------- ------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------- Price(s) Volume(s) ---------------------- ---------------- 25.49 pence 1,229,369 ----------------------------------------------------------------- ---------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 1 January 2023 ------------------------------------- ------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------- ------------------------------------------- Details of the person discharging managerial responsibilities 1 / person closely associated a) Name Moti Nagar ------------------------------------ ------------------------------------------- Reason for the notification 2 --------------------------------------------------------------------------------- a) Position/status Chief Executive Officer ------------------------------------ ------------------------------------------- b) Initial notification Initial Notification /Amendment ------------------------------------ ------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor --------------------------------------------------------------------------------- a) Name BATM ADVANCED COMMUNICATIONS LTD ------------------------------------ ------------------------------------------- b) LEI 213800FLQUB9J289RU66 ------------------------------------ ------------------------------------------- Details of the transaction(s): section to be repeated 4 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 the Options over ordinary shares of 0.01 financial instrument, NIS each type of instrument Identification code IL0010849045 b) Nature of the transaction Grant of options ------------------------------------ ------------------------------------------- c) Price(s) and volume(s) --------------------- ----------------- Price(s) Volume(s) --------------------- ----------------- 25.49 pence 16,433,937 --------------------------------------------------------------- ----------------- d) Aggregated information - Aggregated volume N/A - Price e) Date of the transaction 1 January 2023 ------------------------------------ ------------------------------------------- f) Place of the transaction Outside a trading venue ------------------------------------ -------------------------------------------
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(END) Dow Jones Newswires
January 03, 2023 10:30 ET (15:30 GMT)
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