REG - BATM Advanced Comm - Appointment of Chief Financial Officer

Batm Advanced CommunicationsAnnouncement

01/02/2023 07:00

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RNS Number : 4971O  BATM Advanced Communications Ld  01 February 2023

LEI: 213800FLQUB9J289RU66

1 February 2023

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

Appointment of Chief Financial Officer

 

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for
networking solutions and medical laboratory systems, announces the appointment
of Ran Noy as Chief Financial Officer of the Group with immediate effect. This
follows the promotion of Moti Nagar, the previous CFO, to Chief Executive
Officer on 1 January 2023. Mr. Noy will also be appointed to the Board of BATM
subject to, in accordance with the Group's articles of association and the
Israeli Companies Law, shareholder approval at a general meeting that is to be
convened.

 

Mr. Noy, aged 43, has been serving as VP Finance of BATM since joining the
Group in 2021. During this time, he assisted Mr. Nagar in discharging his
responsibilities as CFO, including regulatory obligations with regards to the
London Stock Exchange and Tel Aviv Stock Exchange.

 

Prior to BATM, Mr. Noy spent 10 years in the finance department, latterly as
Financial Reporting Manager, at ADAMA Ltd., a global agri-chem business that
delivered sales of $5bn in 2021. In this role, he was responsible for ADAMA's
financial reporting to the Shenzhen Stock Exchange and the Tel-Aviv Stock
Exchange as well as to the management team and Board of Directors. Mr. Noy
implemented and managed financial systems that covered more than 70
subsidiaries worldwide. He was also instrumental in ADAMA's listing on the
Shenzhen Stock Exchange via the reverse takeover of a subsidiary of ChemChina
and was responsible for the financial integration of that business. Mr. Noy is
an Israeli Certified Accountant who began his career as an auditor at EY
Israel.

 

Moti Nagar, CEO of BATM, said: "We are delighted to appoint Ran as our new
CFO. He has made a valuable contribution to BATM since joining us, building on
his experience with other international, public companies. This is an exciting
time for BATM, and I look forward to what lies ahead."

 

There is no further information required to be disclosed in relation to Mr.
Noy pursuant to Listing Rule 9.6.13 and Mr. Noy does not have any beneficial
interest in BATM's ordinary shares.

 

An accessible version of this announcement can be found on the Group's website
at www.batm.com (http://www.batm.com)

 

Enquiries:

 

 BATM Advanced Communications
 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

 

 

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