27 Aug 2008 14:02
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27 AugustΒ 2008
BATM Advanced Communications Limited ("BATM" or the "Company")
Director / PDMR ShareholdingΒ
The Company has been informed that onΒ 26Β AugustΒ 2008,Β Dr.Β Zvi Marom, Chief Executive Officer, and Ofer Bar-Ner, Chief Financial Officer, soldΒ a total of 5,166,667Β ordinary shares at a price of 57 pence perΒ share.Β
Dr. Marom soldΒ 4,166,667Β ordinaryΒ shares, of whichΒ 2,000,000 were from his existing holding and 2,166,667 wereΒ the result of the exercise ofΒ optionsΒ grantedΒ overΒ the last 9 years. Following this sale,Β Dr. MaromΒ has aΒ beneficial holding ofΒ 90,750,900Β ordinaryΒ shares,Β representing approximatelyΒ 22.77Β per cent.Β of the Company'sΒ issued share capital.Β Dr. MaromΒ does notΒ hold any optionsΒ over theΒ Company's ordinary shares.
Mr. Bar-NerΒ sold 1,000,000Β ordinaryΒ sharesΒ following the exercise of options. Mr Bar-Ner retainsΒ options overΒ 1,413,333Β ordinaryΒ shares.
ENDΒ
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