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Share Option Exercise and Issue of Equity

LEI: 213800FLQUB9J289RU66
07 August 2019

 BATM Advanced Communications Limited
(“BATM” or “the Group”)

Share Option Exercise, 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 it has received an exercise notice from a former BATM employee to exercise options over 150,000 ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") under the Company’s Employee Share Option Plan 2004. Accordingly, the Company has issued and allotted 150,000 new Ordinary Shares and application has been made to the London Stock Exchange for the 150,000 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 13 August 2019. The new Ordinary Shares shall rank pari passu with the existing Ordinary Shares in the Company. 

Following admission of the 150,000 new Ordinary Shares, the Company's issued share capital will consist of 437,279,074 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
Moti Nagar, Chief Financial Officer
+972 9866 2525

Shore Capital
Mark Percy, Anita Ghanekar
+44 20 7408 4050

Luther Pendragon
Harry Chathli, Claire Norbury, Joe Quinlan 
+44 20 7618 9100

Our Vision: Reliability and Innovation

BATM

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