Last checked at 23 Feb 2022 07:00
LEI: 213800FLQUB9J289RU66
23 February 2022
BATM Advanced Communications Limited
("BATM" or "the Group")
Notice of General Meeting
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, gives notice that a General Meeting (the "Meeting") of the Group is to be held at 12:00 p.m. Israel-time (10:00 a.m. UK-time) on 17 March 2022 at the Group's registered office at 4 Ha'harash Street, Nave Ne'eman Industrial Area, P.O.B. 7318, 4524075 Hod Hasharon, Israel.
The purpose of the Meeting is to seek shareholder approval for the buyback of up to 44,053,412 ordinary shares of NIS0.01 ("Ordinary Shares") in the capital of the Group (the "Buyback Programme"), representing 10% of the Group's issued share capital as at the date of this announcement. The Group has a strong balance sheet and the Buyback Programme, which would be funded from the Group's net cash, forms part of the Board's broader strategy to deliver shareholder value.
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. Please note, 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 the Meeting.
Further information on the Buyback Programme, and details on how to register to attend the Meeting via videoconference, can be found in the Notice of General Meeting that, along with forms of proxy and direction, has today been made available on BATM's website at: https://www.batm.com/investor-relations/agm-egm/
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 |
Luther Pendragon | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
Forward-looking statements
This document contains forward-looking statements. Those statements reflect the current opinions, evaluations and estimations of the Group's management, and are based on the current data regarding the Group's business as is detailed in this document and in the Group's periodical, interim and immediate reports. The Group does not undertake any obligation or make any representation that actual results and events will be in line with those statements, and stresses that they may differ materially from those statements, due to changes in the Group's business, market, competition, demand for the Group's products or services, general economic factors or other factors that can influence the Group's business and results, and due to information and factors that are currently unknown to the Group's management and that, if known, would affect the management's opinions, evaluations or estimations. The Group will report the actual results and events according to its legal, accounting and regulatory obligations, and does not undertake any other obligation to report them or their deviations from the forward-looking statements, or to update any of the forward-looking statements in this document or to report that it is not valid anymore.