REG - BATM Advanced Comm - Directorate Change

Batm Advanced CommunicationsAnnouncement

Mon 07:00

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RNS Number : 9028N  BATM Advanced Communications Ld  23 June 2025

LEI: 213800FLQUB9J289RU66

23 June 2025

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

Directorate Change

 

BATM (LSE: BVC; TASE: BVC), a global provider of advanced network
infrastructure, cybersecurity and diagnostic technologies, announces that Ran
Noy has resigned as Chief Financial Officer ("CFO") and a Director of the
Group and that Leor ("Lior") Miles, CPA, has been appointed as CFO, both with
immediate effect. To ensure a smooth transition, Ran will remain with the
Group for a period of handover.

 

Lior brings over 15 years' experience in financial management for public and
private companies operating globally primarily in the technology industry,
including serving as VP Finance of BATM from 2015-2021. He has joined BATM
from Kenes Group where, as Group CFO, he oversaw financial operations,
including investments, cash management, risk management, insurance, M&A,
taxation and financial strategy, for the global operations across 18 locations
on four continents. Other experience includes being Director of Finance for
Abra Information Technologies Ltd., a TASE-listed provider of IT services and
solutions, and its subsidiaries in the US and Israel. He commenced his career
as an accountant at PwC, where he performed company audits in accordance with
US GAAP and IFRS standards.

 

It is expected that Lior 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. The required disclosures pursuant to UK Listing Rules 6.4.8 in
relation to Lior will be made in due course.

 

In accordance with Israeli regulation, the Group confirms that the resignation
of Ran does not involve any material information that is required to be
disclosed to shareholders. The business continues to progress well and no
material impact is expected from the current escalation of geopolitical events
in the Middle East.

 

Dr. Gideon Chitayat, Chairman of BATM, said: "On behalf of the Board, I would
like to thank Ran for his contribution to BATM over a period where we have
transformed our business and significantly improved our operations and
infrastructure. We are grateful to Ran for his role in this and we wish him
all the best for the future. I would also like to welcome Lior back to BATM.
He already has familiarity with our business and he returns having gained
valuable experience, which we look forward to benefiting from as we move to
the next stage of our development and execute on our strategy."

 

Enquiries

 

 BATM
 Moti Nagar, Chief Executive Officer                            +972 9866 2525

 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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