BATM Advanced Communications Ld Result of Meeting and Grant of Options (4838Q)
June 06 2018 - 4:04AM
UK Regulatory
TIDMBVC
RNS Number : 4838Q
BATM Advanced Communications Ld
06 June 2018
LEI: 213800FLQUB9J289RU66
6 June 2018
BATM Advanced Communications Limited
("BATM" or "the Group")
Result of Special Shareholders' Meeting and Grant of Options
BATM Advanced Communications Limited (LSE: BVC), a leading
provider of real-time technologies for networking solutions and
medical laboratory systems, announces that at a special
shareholders' meeting of the Group ("the Meeting"), held earlier
today, all resolutions were passed.
Among the items approved at the Meeting is the grant of four
million options to purchase BATM ordinary shares of NIS 0.01 each
(the "Options") to Dr Zvi Marom, CEO of the Group. The Options are
exercisable at a price of 26.95 pence per share, being the average
price of the Group's shares on the London Stock Exchange in the
month preceding the granting of shareholder approval at the Meeting
("Grant Date"). Half of the Options will vest at the end of 24
months from the Grant Date and the other half at the end of 36
months, provided that Dr Marom remains in his position at the Group
as at the date of each vesting and that the Group has achieved a
gross profit of at least $33 million for the previous calendar year
in which the vesting date falls. The total number of options
granted over ordinary shares represents 0.99% of the current issued
share capital of 403,300,820 ordinary shares. Dr Marom holds 23.98%
of the current issued share capital.
Enquiries:
BATM Advanced Communications
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Dr Zvi Marom, Chief Executive
Officer +972 9866 2525
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Moti Nagar, Chief Financial
Officer
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Shore Capital
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Mark Percy, Anita Ghanekar +44 20 7408 4050
------------------------------- -----------------
Luther Pendragon
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Harry Chathli, Claire Norbury +44 20 7618 9100
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END
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