Notice of Shareholders' Meeting and Options Grant

8 May 2018

BATM Advanced Communications Limited
(“BATM” or “the Group”) 

Notice 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, gives notice that a special shareholders’ meeting (the “Meeting”) of the Company is to be held at the offices of Luther Pendragon Limited, 48 Gracechurch Street, London, EC3V 0EJ on 6 June 2018 at 9.30am BST.

The Notice of Special Shareholders’ Meeting circular, which includes information on the resolutions to be considered at the Meeting, along with forms of proxy and direction, have been published on BATM’s website: http://www.batm.com/investor-relations/agm-egm/ and hard copies will be posted to shareholders on or around 10 May 2018.

Among the items to be considered at the Meeting 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 four million options to purchase BATM ordinary shares of NIS 0.01 each.
• The exercise price per share will be the average price of the Company’s shares on the London Stock Exchange in the month preceding the date of shareholder approval of the grant.
• 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 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 over ordinary shares to be granted 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
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

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.