REG - BATM Advanced Comm - Annual Report Publication and AGM Update Statement

Batm Advanced CommunicationsAnnouncement

08/04/2025 11:00

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RNS Number : 1108E  BATM Advanced Communications Ld  08 April 2025

LEI: 213800FLQUB9J289RU66

8 April 2025

 

BATM Advanced Communications Limited

("BATM", the "Group" or the "Company")

 

Publication of Annual Report and AGM Update Statement

 

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for
networking solutions and medical laboratory systems, gives notice that the
Company's annual report and accounts for the year ended 31 December 2024 (the
"2024 Annual Report") has been published today and is available on the BATM
website in the Investor Relations section under Financial Reports at:
http://www.batm.com/investor-relations/financial-statements/
(https://url.avanan.click/v2/___http:/www.batm.com/investor-relations/financial-statements/___.YXAxZTpzaG9yZWNhcDphOm86ZTM3MmM3ZDAzMWQ1ZTJiNTc2YTYxMTRkYjRkZjE2Njk6NjozNTA1OjQ4NzMyMTQ0YzVlMTZjOWZjN2JjNmRhMjQ3ZWM3OWU2Y2Y1YWU5ZTYyN2IyNjgyZDExMGNjNzQxYTYwMGNiM2I6cDpG)
.

 

In accordance with UK Listing Rule 6.4.1R, a copy of the 2024 Annual Report
has been submitted to the National Storage Mechanism ("NSM") and will shortly
be available for inspection
at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://url.avanan.click/v2/___https:/data.fca.org.uk/___.YXAxZTpzaG9yZWNhcDphOm86MDc1NmZjMTVjZWFlMmRiY2Q0YjZkMGIyZjkyMDZkMWI6Njo5OWRiOmM2N2FkYjFlNjM2ZjFhMmI4M2E1ODJlZWQyMmZkYTIxMDNmNzhkY2M4ODhkZThmNWY5YmQzYmM2ZDBkZmI2MWM6cDpGOk4#/nsm/nationalstoragemechanism)
.

 

The regulated information required to be communicated to the media under
Disclosure Guidance and Transparency Rule 6.3.5R(1A) is available in unedited
full text within the 2024 Annual Report that is available on the NSM and on
the Company's website as outlined above.

 

2024 AGM Voting Update Statement

 

At the Company's annual general meeting held on 19 December 2024 ("2024 AGM"),
the resolution to appoint a new Non-executive Director (resolution 10) was
passed with a majority of 66.60%. As a result, and in accordance with
provision 4 of the UK Corporate Governance Code, the Company has subsequently
engaged with those shareholders who voted against the resolution. The votes
against included those of a significant shareholder - excluding which, the
resolution would have passed with a majority of 97.91%. Accordingly, the views
of the individual shareholder are not representative of the Company's
shareholder base as a whole. The Company understands that the individual
shareholder voted against resolution 10 on the basis that they believe the
Board would benefit from the addition of a director with knowledge and
experience in the networking and encryption markets. The Company explained
that they believe the new Non-executive Director was the best candidate
overall based on their other attributes. The Board takes multiple factors into
consideration when assessing prospective candidates, including their
experience in industries relevant to the Group's activities, and will continue
to do so.

 

 

Enquiries

 

 BATM
 Moti Nagar, Chief Executive Officer                            +972 9866 2525
 Ran Noy, Chief Financial Officer

 Shore Capital
 Mark Percy, Anita Ghanekar, James Thomas (Corporate Advisory)  +44 20 7408 4050

 Gracechurch Group
 Harry Chathli, Claire Norbury                                  +44 20 4582 3500

 

Forward-looking statements

 

This document contains forward-looking statements. Those statements reflect
the current opinions, evaluations and estimations of the Group's management,
and are based on the current data regarding the Group's business as is
detailed in this document and in the Group's periodical, interim and immediate
reports. The Group does not undertake any obligation or make any
representation that actual results and events will be in line with those
statements, and stresses that they may differ materially from those
statements, due to changes in the Group's business, market, competition,
demand for the Group's products or services, general economic factors or other
factors that can influence the Group's business and results, due to the risk
factors that are detailed in the Group's Annual Report, and due to information
and factors that are currently unknown to the Group's management and that, if
known, would affect the management's opinions, evaluations or estimations. The
Group will report the actual results and events according to its legal,
accounting and regulatory obligations, and does not undertake any other
obligation to report them or their deviations from the forward-looking
statements, or to update any of the forward-looking statements in this
document or to report that it is not valid anymore.

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