REG - BATM Advanced Comm - Notice of General Meeting

Batm Advanced CommunicationsAnnouncement

23/02/2022 07:00

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RNS Number : 4871C  BATM Advanced Communications Ld  23 February 2022

LEI: 213800FLQUB9J289RU66

23 February 2022

 

BATM Advanced Communications Limited

("BATM" or "the Group")

 

Notice of General Meeting

 

BATM (LSE: BVC; TASE: BVC), a leading provider of real-time technologies for
networking solutions and medical laboratory systems, gives notice that a
General Meeting (the "Meeting") of the Group is to be held at 12:00 p.m.
Israel-time (10:00 a.m. UK-time) on 17 March 2022 at the Group's registered
office at 4 Ha'harash Street, Nave Ne'eman Industrial Area, P.O.B. 7318,
4524075 Hod Hasharon, Israel.

 

The purpose of the Meeting is to seek shareholder approval for the buyback of
up to 44,053,412 ordinary shares of NIS0.01 ("Ordinary Shares") in the capital
of the Group (the "Buyback Programme"), representing 10% of the Group's issued
share capital as at the date of this announcement. The Group has a strong
balance sheet and the Buyback Programme, which would be funded from the
Group's net cash, forms part of the Board's broader strategy to deliver
shareholder value.

 

In order to enable shareholder engagement and participation for those unable
to physically attend the Meeting, shareholders will be able to access the
Meeting via videoconference. Please note, shareholders will not be able to
vote at the Meeting via the videoconference. Shareholders attending the
Meeting via videoconference are therefore strongly encouraged to submit their
vote in advance the Meeting.

 

Further information on the Buyback Programme, and details on how to register
to attend the Meeting via videoconference, can be found in the Notice of
General Meeting that, along with forms of proxy and direction, has today been
made available on BATM's website at:
https://www.batm.com/investor-relations/agm-egm/
(https://www.batm.com/investor-relations/agm-egm/)

 

 

Enquiries:

 BATM Advanced Communications
 Dr Zvi Marom, Chief Executive Officer                          +972 9866 2525
 Moti Nagar, Chief Financial Officer

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

 Luther Pendragon
 Harry Chathli, Claire Norbury                                  +44 20 7618 9100

 

 

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, 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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