TIDMBVC

RNS Number : 8693O

BATM Advanced Communications Ld

11 February 2021

LEI: 213800FLQUB9J289RU66

11 February 2021

BATM Advanced Communications Limited

("BATM" or "the Group")

FTSE Nationality Review

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, notes that in the FTSE Nationality Review of Companies published by FTSE Russell on Wednesday 3 February 2021, the Group's nationality was reassigned from the UK to Israel. This change, which is scheduled to take effect from 22 March 2021, was pursuant to rule 5.1.6 of the Ground Rules of the FTSE UK Index Series.

BATM is committed to maintaining its membership of the FTSE UK Index Series. As such, the Board of BATM, acknowledging the FTSE Russell rules in determining the nationality of an issuer, will investigate the available options for achieving this objective. BATM anticipates that this process will require 12 months. A further update will be made to the market in due course.

Enquiries:

 
BATM Advanced Communications 
Dr Zvi Marom, Chief Executive Officer                           +972 9866 2525 
Moti Nagar, Chief Financial Officer 
 
Shore Capital 
Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory) 
 Henry Willcocks (Corporate Broking)                            +44 20 7408 4050 
 
Luther Pendragon 
Harry Chathli, Claire Norbury                                   +44 20 7618 9100 
 

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(END) Dow Jones Newswires

February 11, 2021 12:38 ET (17:38 GMT)