De-listing from TASE

RNS Number : 5827G

BATM Advanced Communications Ld

05 March 2015

 



5 March 2015

BATM Advanced Communications Limited

("BATM" or "the Group")

De-listing from TASE

BATM (LSE: BVC; TASE: BATM), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that the Group's Board of Directors resolved, on the afternoon of Wednesday 4 March, to notify the Tel-Aviv Stock Exchange ("TASE") that it will be de-listing its shares from trading on TASE. The decision is based on the fact that no progress has been made in achieving an electronic clearing system between TASE and the London Stock Exchange, which has resulted in very low volumes of shares being traded in Tel-Aviv whereby the Group has not gained any added value by its shares being listed on TASE. The de -listing will come into effect ninety days from the date of this announcement.

Enquiries

BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer	[phone]
Moti Nagar, Chief Financial Officer
finnCap
Stuart Andrews	[phone]
Shore Capital
Pascal Keane	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Amelia Bullock-Muir	[phone]

 

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