Search
Regulatory Story
Company BATM Advanced Communications Ld
TIDM BVC
Headline Director Shareholding, Issue of Equity and TVR
Released 07:00 10-Sep-2019
Number 7355L07

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

+972 9866 2525                 

Moti Nagar, Chief Financial Officer






Shore Capital


Mark Percy, Anita Ghanekar

+44 20 7408 4050 





Luther Pendragon


Harry Chathli, Claire Norbury, Joe Quinlan

+44 20 7618 9100

 

 

 

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 /Amendment

 

 

Initial notification

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 financial instrument, type of instrument

Ordinary Shares of 0.01 NIS each in BATM Advanced Communications Ltd.



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 rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHLFFFIAVIAIIA
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.