Director Share Purchase

RNS Number : 9061O

BATM Advanced Communications Ld

10 November 2016

 

10 November 2016

BATM Advanced Communications Limited

("BATM" or the "Group")

Director Share Purchase

BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announces that, today, Dr. Gideon Chitayat, Chairman of the Group, acquired 1,000,000 ordinary shares of 0.01 NIS each in the Group ("Ordinary Shares") at a price of 15.5 pence per Ordinary Share.

Following the transaction, Dr. Chitayat has an interest in 3,000,000 Ordinary Shares, representing approximately 0.74% of the Group's issued ordinary share capital.

Enquiries:

BATM Advanced Communications
Dr Zvi Marom, Chief Executive Officer	[phone]
Moti Nagar, Chief Financial Officer
finnCap
Stuart Andrews, Scott Mathieson	[phone]
Shore Capital
Mark Percy, Anita Ghanekar	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury	[phone]

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr. Gideon Chitayat
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	BATM Advanced Communications Ltd.
b)	LEI	N/a
4	Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument Identification code	Ordinary Shares of 0.01 NIS each in BATM Advanced Communications Ltd. IL0010849045
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 15.5p 1,000,000
d)	Aggregated information - Aggregated volume - Price	1,000,000 15.5p
e)	Date of the transaction	10 November 2016
f)	Place of the transaction	London Stock Exchange, Main Market

 

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