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Pin to quick picksBatm Advanced Regulatory News (BVC)

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Notice of Annual General Meeting

24 Nov 2022 16:00

RNS Number : 5133H
BATM Advanced Communications Ld
24 November 2022
 

LEI: 213800FLQUB9J289RU66

24 November 2022

 

BATM Advanced Communications Limited

("BATM" or "the Company") 

 

Notice of Annual General Meeting

 

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, gives notice that the Annual General Meeting ("AGM" or the "Meeting") of the Company is to be held at 12.00pm Israel time (10.00am UK time) on 21 December 2022 at the Company's registered office at 4 Ha'harash Street, Nave Ne'eman Industrial Area, P.O.B. 7318, 4524075 Hod Hasharon, Israel. In order to enable shareholder engagement and participation for those unable to physically attend the Meeting, shareholders will be able to access the Meeting via videoconference.

 

Among the items to be considered at the Meeting, which remain conditional on shareholder approval, are the following:

 

· The grant of the following long-term incentives to Mr. Moti Nagar as Executive Director and CEO of the Company effective 1 January 2023:

the grant of options to purchase ordinary shares of NIS 0.01 each in the Company ("Ordinary Shares"), with grant date of 1 January 2023 (the "Grant Date") (subject to compliance with any applicable law, rule and/or regulation), that will vest equally in phases over three years from the Grant Date, at a total grant value of 2% of the value of the Company on the Grant Date. The exercise price will be the average closing price of the shares on the London Stock Exchange in the 30 days prior to the Grant Date.

 

· A one-time grant to Dr. Gideon Chitayat, Chairman of BATM, of share-based compensation at a total grant value of $210,000, with a grant date of 1 January 2023, subject to compliance with any applicable law, rule and/or regulation.

 

· An amendment to the Company's articles of association so that the Company will be authorised to indemnify, commit to indemnify and exempt all current and future directors and office holders in the Company, in accordance with the Israeli Companies Law and the common practice in Israeli publicly traded companies, provided that the maximum aggregate liability per case or per year to all office holders cumulatively does not exceed an amount equal to 24.99% of the average of the Company's profits (as calculated for classification purposes) for the last three financial years (losses should be taken as nil profit and included in this average), is limited to the difference between the amount of the financial liability and the sum of amounts received for that liability by virtue of insurance policies or other indemnity agreements, and the exemption is limited to 4.99% of any class tests as set out in the FCA Listing Rules (in aggregate with all other transactions or arrangements with the same related party (and any of its associates) in any 12 month period) ("the Indemnification"). As all current and future directors of the Company are party to the Indemnification, the Indemnification constitutes a transaction with a related party with the Indemnification classified as a smaller related party transaction pursuant to Listing Rule 11.1.10.

 

IMPORTANT INFORMATION ABOUT THE AGM

 

Shareholders will not be able to vote at the Meeting via the videoconference. Shareholders attending the Meeting via videoconference are therefore strongly encouraged to submit their vote in advance of the AGM, in accordance with the Notes to the Notice of Annual General Meeting.

 

Further information on the resolutions, notes and details on how to attend the AGM via videoconference can be found in the Notice of AGM that, along with forms of proxy and direction, has today been made available on BATM's website at: www.batm.com.  

 

Enquiries:

 

BATM Advanced Communications

Dr Zvi Marom, Chief Executive Officer

+972 9866 2525 

Moti Nagar, Chief Financial Officer

 

Shore Capital

Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)

+44 20 7408 4050 

 

Gracechurch Group

Harry Chathli, Claire Norbury

+44 20 4582 3500

 

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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NOABIBMTMTATBFT
Date   Source Headline
16th Dec 201012:57 pmRNSHolding(s) in Company
29th Nov 201011:30 amRNSDirectorate Change
10th Nov 20107:00 amRNSTrading Statement
28th Sep 20107:00 amRNSContract Win
13th Sep 20107:00 amRNSInterim Management Statement
10th Aug 20107:00 amRNSHalf Yearly Report
5th Aug 20107:00 amRNSInvestor Day
28th Jul 20107:00 amRNSNotice of Interim Results
28th Jun 20108:58 amRNSDirectorate Change
22nd Jun 201012:53 pmRNSResult of AGM
22nd Jun 20107:00 amRNSAGM Statement
14th Jun 20102:04 pmRNSHolding(s) in Company
2nd Jun 20102:50 pmRNSAnnual Information Update
20th May 201011:00 amRNSHolding(s) in Company
18th May 20104:25 pmRNSDirector/PDMR Shareholding
18th May 201011:24 amRNSDirector/PDMR Shareholding
18th May 20107:00 amRNSInterim Management Statement
12th May 20102:48 pmRNSNotice of IMS
30th Apr 20104:00 pmRNSAnnual Financial Report
22nd Apr 20107:00 amRNSLicensing Agreement
15th Mar 201010:47 amRNSHolding(s) in Company
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22nd Feb 201012:58 pmRNSDirector/PDMR Shareholding
18th Feb 20104:31 pmRNSHolding(s) in Company
9th Feb 20103:04 pmRNSDirector/PDMR Shareholding
8th Feb 201010:10 amRNSHolding(s) in Company
8th Feb 20107:00 amRNSFinal Results
1st Feb 201010:27 amRNSHolding(s) in Company
28th Jan 201010:00 amRNSNotice of Results
4th Jan 20109:01 amRNSHolding(s) in Company
16th Dec 20097:00 amRNSContract to develop & supply military comms
4th Dec 20099:27 amRNSHolding(s) in Company
29th Oct 20097:00 amRNSInterim Management Statement
19th Oct 200912:00 pmRNSDirector/PDMR Shareholding
19th Oct 200911:54 amRNSHolding(s) in Company
19th Oct 200911:54 amRNSHolding(s) in Company
15th Oct 20092:54 pmRNSDirector/PDMR Shareholding
26th Aug 20091:31 pmRNSDirector/PDMR Shareholding
20th Aug 20092:43 pmRNSHolding(s) in Company
13th Aug 20093:36 pmRNSDirector/PDMR Shareholding
4th Aug 20097:00 amRNSHalf Yearly Report
15th Jul 200910:00 amRNSNotice of Results
22nd Jun 20093:42 pmRNSResult of AGM
17th Jun 20097:00 amRNSAGM Statement
10th Jun 200911:37 amRNSHolding(s) in Company
19th May 20093:28 pmRNSAnnual Information Update
14th May 200911:34 amRNSDirector/PDMR Shareholding
12th May 20097:00 amRNSInterim Management Statement
30th Apr 20092:00 pmRNSAnnual Financial Report
31st Mar 20097:00 amRNSTotal Voting Rights

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