REG - BATM Advanced Comm - Grant of Options

Batm Advanced CommunicationsAnnouncement

03/01/2023 15:30

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RNS Number : 5561L  BATM Advanced Communications Ld  03 January 2023

LEI: 213800FLQUB9J289RU66

3 January 2023

 

BATM Advanced Communications Limited

("BATM" or "the Company")

 

Grant of Options

 

Further to the Company's announcements of 24 November and 21 December 2022,
BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for
networking solutions and medical laboratory systems, announces that the
Company granted, on 1 January 2023 (the "Grant Date"), options over ordinary
shares of 0.01 NIS each in the capital of the Company ("Ordinary Shares") to
certain Directors as follows:

 

 Name              Role      Number of options granted  Options exercise price  Period and conditions of vesting
 Gideon Chitayat*  Chairman  1,229,369                  25.49 pence             The options fully vest on the first anniversary of the Grant Date.
 Moti Nagar        CEO       16,433,937                 25.49 pence             One-third of the options will vest on each of the first, second and third

                       anniversaries of the Grant Date.

* Dr. Chitayat's options were granted to GMBS General Management &
Business Strategy Consultants Ltd., a service company through which Dr.
Chitayat provides his services to the Company

 

The options were granted under the BATM Advanced Communications Ltd. Global
Share Incentive Plan (2021) ("SIP (2021)"). The exercise price represents the
average closing price of the Company's Ordinary Shares on the London Stock
Exchange over the 30 trading days preceding the Grant Date. The options
granted to Mr. Nagar have a total grant value of 2% of the value of the
Company on the Grant Date, as approved by shareholders at the Company's annual
general meeting of 21 December 2022. Each grantee's options are exercisable
subject to that grantee remaining a service provider of the Company and for 90
days thereafter.

 

Following the above option grants, Mr. Nagar and Dr. Chitayat hold options
over Ordinary Shares and Restricted Share Units ("RSUs") as detailed below:

 

 Instrument                    Scheme       Number      Date of grant  Exercise price (if applicable)  Date of first vesting  Conditions of vesting/exercise*                                                 Expiry date (if applicable)
 Gideon Chitayat, Chairman
 Options over Ordinary Shares  SIP (2021)   1,229,369   01/01/23       25.49 pence                     01/01/24               The options fully vest on the first anniversary of the grant date.              01/01/33
 Moti Nagar, CEO
 Options over Ordinary Shares  ESOP (2004)  906,200     05/05/15       12.69 pence                     31/12/16               The options are fully vested and are exercisable.                               04/05/25
                               SIP (2021)   16,433,937  01/01/23       25.49 pence                     01/01/24               The options vest equally on the first, second and third anniversaries of the    01/01/33
                                                                                                                              date of grant.
 Restricted Share Units        SIP (2021)   537,109     12/04/22       N/A                             12/04/25               The RSUs vest on the third anniversary of the grant date subject to total       N/A
                                                                                                                              shareholder return performance over the three-year period (for details, see
                                                                                                                              page 56 of BATM's Annual Report 2021). If, and to the extent that, these RSUs
                                                                                                                              vest, the resulting ordinary shares will be subject to a two-year holding
                                                                                                                              period, however, sufficient awards may be sold during the holding period to
                                                                                                                              satisfy any tax liabilities owed.

 

* All options and RSUs are subject to the provisions of the scheme under which
they were granted and are exercisable subject to the grantee remaining a
service provider of the Company and for 90 days thereafter.

 

Enquiries:

 

 BATM Advanced Communications
 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

 

Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Gideon Chitayat

 2    Reason for the notification

 a)   Position/status                                              Chairman

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         BATM ADVANCED COMMUNICATIONS LTD

 b)   LEI                                                          213800FLQUB9J289RU66

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 0.01 NIS each

      Identification code                                          IL0010849045

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     25.49 pence       1,229,369

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      1 January 2023

 f)   Place of the transaction                                     Outside a trading venue

 

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Moti Nagar

 2    Reason for the notification

 a)   Position/status                                              Chief Executive Officer

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         BATM ADVANCED COMMUNICATIONS LTD

 b)   LEI                                                          213800FLQUB9J289RU66

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted

 a)   Description of the financial instrument, type of instrument  Options over ordinary shares of 0.01 NIS each

      Identification code                                          IL0010849045

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     25.49 pence       16,433,937

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      1 January 2023

 f)   Place of the transaction                                     Outside a trading venue

 

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