14 September 2017
BATM Advanced Communications Limited
("BATM" or the "Company")
Notice of AGM
and
Grant of Options
BATM Advanced Communications Limited (LSE: 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 the offices of Luther Pendragon Limited, 48 Gracechurch Street, London, EC3V 0EJ on 18 October 2017 at 10.00am BST.
The Notice of AGM circular has been posted to shareholders of the Company today and includes information on the resolutions to be considered at the Meeting, along with forms of proxy and direction, which are also available on BATM's website: www.batm.com.
Among the items to be considered at the AGM is the grant of the following long-term incentives to Dr Zvi Marom, CEO of the Company, conditional on independent shareholder approval:
▪ A grant of five million options to purchase BATM ordinary shares of NIS 0.01 each.
▪ The exercise price per share will be 18.261 pence per share being the average price of the Company's shares on the London Stock Exchange in the month preceding the date of board approval (being 13 September 2017).
▪ Half of the options will vest at the end of 24 months from the date of grant and the other half at the end of 36 months, provided that Dr Marom remains in his position at the Company as at the date of each vesting.
The total number of options over ordinary shares to be granted represents 1.24% of the current issued share capital of 403,150,820 ordinary shares. Dr Marom holds 23.98% of the current issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
Enquiries:
ATM 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 |
