Notice of AGM and Proposed Director Appointment

LEI: 213800FLQUB9J289RU66

14 November 2024

BATM Advanced Communications Limited

("BATM" or "the Group") 

Notice of Annual General Meeting and

Proposed Director Appointment

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 Group is to be held at 12.00pm Israel time (10.00am UK time) on 19 December 2024 at the Group'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 resolutions to be proposed to the AGM is a resolution appointing Dr. Shmuel (Muli) Ben-Zvi as a Non-executive Director of the Group to take effect from the conclusion of the Meeting.

Dr. Shmuel (Muli) Ben Zvi was elected Chairman of the board of Bank Leumi, the largest banking corporation in Israel, in October 2023 for the final year of his nine-year tenure as a director. At Bank Leumi, he was a member of the board's audit, risk management, credit, technology and strategy committees. Dr. Ben Zvi has extensive executive and board experience across multiple industries, including currently being a director of Protalix Biotherapeutics (NYSE American: PLX) and previously of Sol-Gel Technologies (NASDAQ: SLGL) and VBL Therapeutics (NASDAQ: VBLT). From 2004 to 2014, he held a number of managerial positions at Teva Pharmaceuticals (NASDAQ and TASE: TEVA), including Vice President of Strategy and Vice President of Finance.

In accordance with Israeli Companies Law, the Group requires shareholder approval to appoint a new Non-executive Director. The required disclosures pursuant to UK Listing Rules 6.4.8 in relation to Dr. Ben Zvi will be made in due course subject to his appointment.

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.  

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