BATM Advanced Communications Ld Director Shareholding, Issue of Equity and TVR (7355L)
10 September 2019 - 4:02PM
UK Regulatory
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 +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 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 rns@lseg.com or visit www.rns.com.
END
DSHLFFFIAVIAIIA
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