BATM Advanced Communications Ld Share Option Exercise, Issue of Equity and TVR (1958V)
July 19 2018 - 8:08AM
UK Regulatory
TIDMBVC
RNS Number : 1958V
BATM Advanced Communications Ld
19 July 2018
LEI: 213800FLQUB9J289RU66
19 July 2018
BATM Advanced Communications Limited
("BATM" or "the Group")
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 an
exercise notice from a current BATM employee to exercise options
over 100,000 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 100,000 new
Ordinary Shares and application has been made to the London Stock
Exchange for the 100,000 new Ordinary Shares to be admitted to
trading on the Main Market of the LSE.
An application has also been made for the admission to trading
of, in aggregate, 17,588,968 Ordinary Shares previously issued and
allotted by the Company (and included in total voting rights
disclosures, most recently the announcement dated 6 June 2018 that
stated that the issued share capital of the Company was 403,300,820
Ordinary Shares), in relation to the exercise of share options by
certain employees together with other issues of Ordinary Shares,
for which application had not been made to the London Stock
Exchange for admission.
It is expected that admission will become effective and dealings
in the new and previously issued and allotted Ordinary Shares will
commence on or around 25 July 2018. These Ordinary Shares shall
rank pari passu with the existing Ordinary Shares in the
Company.
Following admission of the 100,000 new Ordinary Shares, the
Company's issued share capital will consist of 403,400,820 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
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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