BATM Advanced Communications Ld Director Shareholding, Issue of Equity and TVR (7355L)

TIDMBVC

RNS Number : 7355L

BATM Advanced Communications Ld

10 September 2019

LEI: 213800FLQUB9J289RU66

10 September 2019

BATM Advanced Communications Limited

("BATM" or "the Company")

Director Shareholding, Issue of Equity and Total Voting Rights

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that Moti Nagar, CFO and a Director of the Company, has exercised options over 3,000,000 ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") under the Company's Employee Share Option Plan 2004, which were issued and allotted by the Company. The options had an exercise price of 12.69 pence per share and the notice of exercise was received on 9 September 2019. On the same date, 9 September 2019, Mr. Nagar sold 3,000,000 Ordinary Shares at a price of 46.8 pence per Ordinary Share.

Following the options exercise and sale of shares, Mr. Nagar does not have an interest in the Ordinary Shares of the Company and holds options over 906,200 Ordinary Shares.

Application has been made to the London Stock Exchange for the 3,000,000 new Ordinary Shares to be admitted to trading on the Main Market of the LSE. It is expected that admission will become effective and dealings in the new Ordinary Shares will commence on 17 September 2019. The new Ordinary Shares shall rank pari passu with the existing Ordinary Shares in the Company.

Following admission of the 3,000,000 new Ordinary Shares, the Company's issued share capital will consist of 440,279,074 Ordinary Shares with voting rights and that figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries:

 
BATM Advanced Communications 
Dr Zvi Marom, Chief Executive Officer        [phone] 
Moti Nagar, Chief Financial Officer 
 
 
Shore Capital 
Mark Percy, Anita Ghanekar                   [phone] 
 
 
Luther Pendragon 
Harry Chathli, Claire Norbury, Joe Quinlan   [phone] 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Moti Nagar 
      -------------------------------------  ----------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                        Chief Financial Officer and Director 
      -------------------------------------  ----------------------------------------------- 
 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                                      213800FLQUB9J289RU66 
      -------------------------------------  ----------------------------------------------- 
 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 the                     Ordinary Shares of 0.01 NIS each 
        financial instrument,                  in BATM Advanced Communications Ltd. 
        type of instrument 
 
       Identification code                    IL0010849045 
 
 b)    Nature of the transaction              Exercise of Options and Sale of Ordinary 
                                               Shares 
      -------------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ------------------------  ------------------ 
                                               Price(s)                  Volume(s) 
                                              ------------------------  ------------------ 
    12.69 pence                                                          3,000,000 
   -------------------------------------------------------------------  ------------------ 
    46.8 pence                                                           3,000,000 
   -------------------------------------------------------------------  ------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                    3,000,000 
 
  - Price                                34.11 pence 
 
 e)    Date of the transaction                9 September 2019 
      -------------------------------------  ----------------------------------------------- 
 f)    Place of the transaction               London Stock Exchange, Main Market 
      -------------------------------------  ----------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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September 10, 2019 02:02 ET (06:02 GMT)