BATM Advanced Communications Ld Notice of AGM and Grant of Options (6923Q)
September 14 2017 - 1:00AM
UK Regulatory
TIDMBVC
RNS Number : 6923Q
BATM Advanced Communications Ld
14 September 2017
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
------------------------------- -----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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