Share Option Exercise, Issue of Equity and Total Voting Rights
BATM Advanced Communications Limited (LSE: 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 current BATM employee to exercise options over 100,000 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 100,000 new Ordinary Shares and application has been made to the London Stock Exchange for the 100,000 new Ordinary Shares to be admitted to trading on the Main Market of the LSE.
An application has also been made for the admission to trading of, in aggregate, 17,588,968 Ordinary Shares previously issued and allotted by the Company (and included in total voting rights disclosures, most recently the announcement dated 6 June 2018 that stated that the issued share capital of the Company was 403,300,820 Ordinary Shares), in relation to the exercise of share options by certain employees together with other issues of Ordinary Shares, for which application had not been made to the London Stock Exchange for admission.
It is expected that admission will become effective and dealings in the new and previously issued and allotted Ordinary Shares will commence on or around 25 July 2018. These Ordinary Shares shall rank pari passu with the existing Ordinary Shares in the Company.
Following admission of the 100,000 new Ordinary Shares, the Company's issued share capital will consist of 403,400,820 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.
BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer
+972 9866 2525
Moti Nagar, Chief Financial Officer
Mark Percy, Anita Ghanekar
+44 20 7408 4050
Harry Chathli, Claire Norbury
+44 20 7618 9100