Annual Report Publication and AGM Update Statement

LEI: 213800FLQUB9J289RU66

8 April 2025

BATM Advanced Communications Limited

("BATM", the "Group" or the "Company")

Publication of Annual Report and AGM Update Statement

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, gives notice that the Company's annual report and accounts for the year ended 31 December 2024 (the "2024 Annual Report") has been published today and is available on the BATM website in the Investor Relations section under Financial Reports at: http://www.batm.com/investor-relations/financial-statements/.

In accordance with UK Listing Rule 6.4.1R, a copy of the 2024 Annual Report has been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

The regulated information required to be communicated to the media under Disclosure Guidance and Transparency Rule 6.3.5R(1A) is available in unedited full text within the 2024 Annual Report that is available on the NSM and on the Company's website as outlined above.

2024 AGM Voting Update Statement

At the Company's annual general meeting held on 19 December 2024 ("2024 AGM"), the resolution to appoint a new Non-executive Director (resolution 10) was passed with a majority of 66.60%. As a result, and in accordance with provision 4 of the UK Corporate Governance Code, the Company has subsequently engaged with those shareholders who voted against the resolution. The votes against included those of a significant shareholder - excluding which, the resolution would have passed with a majority of 97.91%. Accordingly, the views of the individual shareholder are not representative of the Company's shareholder base as a whole. The Company understands that the individual shareholder voted against resolution 10 on the basis that they believe the Board would benefit from the addition of a director with knowledge and experience in the networking and encryption markets. The Company explained that they believe the new Non-executive Director was the best candidate overall based on their other attributes. The Board takes multiple factors into consideration when assessing prospective candidates, including their experience in industries relevant to the Group's activities, and will continue to do so.  

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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, due to the risk factors that are detailed in the Group's Annual Report, 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.