BATM to dual list on TASE

RNS Number : 9412L

BATM Advanced Communications Ld

11 September 2012

 



11 September 2012

BATM Advanced Communications Limited

("BATM" or the "Company")

Dual Listing on the Tel Aviv Stock Exchange

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, is pleased to announce that the ordinary shares of the Company have been approved for listing on the Tel Aviv Stock Exchange ("TASE") under the symbol "BATM". Trading is scheduled to commence on 19 September 2012. 

Dr Zvi Marom, Chief Executive Officer of BATM, said: "We are pleased to have gained a listing on the TASE, which will increase BATM's profile amongst the investment community in Israel. Whilst we are a global company, our headquarters are in Israel and this is a natural step in order to strengthen our ties with the country where we have an extensive network of operations and where our research and development centres are based.

"As we progress towards returning to growth and profitability, we look forward to benefitting from a wide range of investors and delivering value to all shareholders."    

The ordinary shares of the Company will continue to trade on the Main List of the London Stock Exchange ("LSE"), where BATM has been listed since 12 July 1999, under the symbol "BVC". The shares listed on TASE will be fully fungible with those listed on the LSE.

Enquiries:

BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer	[phone]
Ofer Bar-Ner, Chief Financial Officer
finnCap
Marc Young, Henrik Persson - Corporate Finance	[phone]
Brian Patient, Stephen Norcross - Corporate Broking
Shore Capital
Pascal Keane	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury	[phone]

 

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