Last checked at 27 Feb 2019 16:34
LEI: 213800FLQUB9J289RU66
27 February 2019
BATM Advanced Communications Limited
("BATM" or "the Company")
Share Option Exercise, Issue of Equity and Total Voting Rights
BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that it has received notice from current BATM employees to exercise options over an aggregate of 195,000 ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") under the Company's Employee Share Option Plan 2004. Accordingly, the Company has issued and allotted 195,000 new Ordinary Shares and application has been made to the London Stock Exchange for the 195,000 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 5 March 2019. The new Ordinary Shares shall rank pari passu with the existing Ordinary Shares in the Company.
Following admission of the 195,000 new Ordinary Shares, the Company's issued share capital will consist of 403,795,820 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 | +44 20 7618 9100 |