BATM Advanced Communications Ld Grant of Options (5561L)
January 03 2023 - 10:30AM
UK Regulatory
TIDMBVC
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 exercise Period and conditions
options granted price 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 Exercise price Date of Conditions of Expiry date (if
grant (if applicable) first vesting/exercise* applicable)
vesting
Gideon Chitayat, Chairman
Options SIP (2021) 1,229,369 01/01/23 25.49 pence 01/01/24 The options fully 01/01/33
over vest on the first
Ordinary anniversary of
Shares the grant date.
------------ ----------- ----------- ---------------- --------- ------------------ ----------------
Moti Nagar, CEO
Options ESOP (2004) 906,200 05/05/15 12.69 pence 31/12/16 The options are 04/05/25
over fully vested and
Ordinary are exercisable.
Shares
------------ ----------- ----------- ---------------- --------- ------------------ ----------------
SIP (2021) 16,433,937 01/01/23 25.49 pence 01/01/24 The options vest 01/01/33
equally on the
first, second and
third
anniversaries of
the date of
grant.
------------ ----------- ----------- ---------------- --------- ------------------ ----------------
Restricted SIP (2021) 537,109 12/04/22 N/A 12/04/25 The RSUs vest on N/A
Share the third
Units anniversary of
the grant date
subject to total
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Gideon Chitayat
------------------------------------- -------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status Chairman
------------------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name BATM ADVANCED COMMUNICATIONS LTD
------------------------------------- -------------------------------------------
b) LEI 213800FLQUB9J289RU66
------------------------------------- -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 0.01
financial instrument, NIS each
type of instrument
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
------------------------------------- -------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Moti Nagar
------------------------------------ -------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------------ -------------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------ -------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------------
a) Name BATM ADVANCED COMMUNICATIONS LTD
------------------------------------ -------------------------------------------
b) LEI 213800FLQUB9J289RU66
------------------------------------ -------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over ordinary shares of 0.01
financial instrument, NIS each
type of instrument
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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END
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