Regulatory News

Notice of Extraordinary General Meeting

Jan 21, 2015

21 January 2015

BATM Advanced Communications Limited
(“BATM” or the “Group”)

Notice of Extraordinary General Meeting

BATM (LSE: BVC; TASE: BATM), a leading provider of real-time technologies for networking solutions and medical laboratory systems, provides notice of an Extraordinary General Meeting (“EGM”) of the Group to be held at the offices of finnCap Ltd, 60 New Broad Street, London, EC2M 1JJ, on 12 February 2015 at 11.00am.

The purpose of the EGM is to consider and, if thought fit, approve the following matters that require shareholders’ approval under the relevant provisions of the Israeli Companies Law:
a) Appoint Dr. Avigdor Shafferman as an additional external director on the Board of the Group.
b) Authorise the Group to enter into a management services contract with Nostredamus Technology Services Ltd., a service company through which the current CEO of BATM, Dr. Zvi Marom, will provide his management services to the Group and the terms of such contract (which are substantially the same as the previous employment contract with Zvi Marom and do not alter the Company’s cost of employing the CEO).
c) Authorise the Group to pay the current COO (former CFO), Ofer Barner, a one-time bonus of $50,000 gross for his outstanding performance in year 2014 in areas outside his normal duties.

Further information on the resolutions can be found in the Notice of EGM circular that has, along with forms of proxy and direction, been posted to shareholders of the Group and will be made available on BATM’s website at:

BATM Advanced Communications
Dr. Zvi Marom, Chief Executive Officer +972 9866 2525
Moti Nagar, Chief Financial Officer

Stuart Andrews +44 20 7220 0500

Shore Capital
Pascal Keane +44 20 7408 4090

Luther Pendragon
Harry Chathli, Claire Norbury, Amelia Bullock-Muir +44 20 7618 9100