BATM Advanced Communications Ld Appointment of Chief Financial Officer (4971O)
February 01 2023 - 2:00AM
UK Regulatory
TIDMBVC
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
Enquiries:
BATM Advanced Communications
Moti Nagar, Chief Executive Officer
Ran Noy, Chief Financial 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
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END
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