AGM Result, Directorate Change & AMS Sale Update
BATM Advanced Communications Limited announced that all resolutions were passed at its Annual General Meeting, including the appointment of Leor Miles as Executive Director, Gil Sharon as Non-executive Director, and Ayala Hakim as External Director, with Dr. Zvi Marom stepping down from the Board. The meeting also approved the sale of its subsidiary AMS to Dr. Zvi Marom, with completion expected in the near term. Voting results showed strong support for most resolutions, with votes for ranging from 88.60% to 99.95% of votes cast, excluding withheld votes.
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BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, announces that at its Annual General Meeting ("AGM" or the "Meeting"), held earlier today, all resolutions were duly passed. This includes the resolutions appointing Leor ("Lior") Miles as an Executive Director, Gil Sharon as a Non-executive Director and Ayala Hakim as an External Director, as defined under Israeli law, of the Group with effect from the conclusion of the Meeting.
In addition, further to the announcement of 5 November 2025, the Group confirms that Dr. Zvi Marom stood down from the Board of Directors at the conclusion of the Meeting.
Details of the voting results, which should be read alongside the Notice of AGM, are below:
| Resolution | Votes for | Votes against | Votes withheld | Total votes cast | ||
|---|---|---|---|---|---|---|
| No. of votes | % of votes cast* | No. of votes | % of votes cast* | No. of votes | ||
| 1 | 275,600,298 | 98.05 | 5,481,249 | 1.95 | 0 | 281,081,547 |
| 2 | 275,518,350 | 98.02 | 5,563,197 | 1.98 | 0 | 281,081,547 |
| 3 | 259,534,191 | 96.66 | 8,969,888 | 3.34 | 12,577,468 | 281,081,547 |
| 4 | 180,028,192 | 95.28 | 8,926,907 | 4.72 | 81,948 | 189,037,047** |
| 5 | 167,478,993 | 88.60 | 21,554,304 | 11.40 | 92,048,250 | 281,081,547 |
| 6 | 179,981,461 | 95.21 | 9,051,836 | 4.79 | 92,048,250 | 281,081,547 |
| 7 | 188,873,068 | 99.92 | 160,229 | 0.08 | 92,048,250 | 281,081,547 |
| 8 | 180,056,461 | 95.25 | 8,976,836 | 4.75 | 92,048,250 | 281,081,547 |
| 9 | 180,056,461 | 95.25 | 8,976,836 | 4.75 | 92,048,250 | 281,081,547 |
| 10 | 179,981,461 | 95.21 | 9,051,836 | 4.79 | 92,048,250 | 281,081,547 |
| 11 | 188,873,068 | 99.95 | 85,229 | 0.05 | 92,123,250 | 281,081,547 |
| 12 | 179,703,555 | 95.10 | 9,258,492 | 4.90 | 92,119,500 | 281,081,547 |
*Excludes withheld votes.
** As noted in the Group's announcement of 5 November 2025, Dr. Marom did not vote on this resolution.
There were no discretionary votes cast.
Other than the below, there are no other required disclosures pursuant to UK Listing Rule 6.4.8 in relation to Lior Miles, Gil Sharon and Ayala Hakim:
| C urrent directorships held in public companies | Directorships in public companies held within the past five years | |
| Gil Sharon | N/A | Bezeq The Israeli Telecommunications Corporation Ltd. |
In accordance with UK Listing Rule 6.4.2, a copy of the resolutions, other than resolutions concerning ordinary business, has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Update on Sale of AMS
Among the resolutions passed at the AGM was a special resolution approving the sale of A.M.S 2000 Trading Impex SRL ("AMS"), a subsidiary of the Group that distributes diagnostic laboratory equipment in Romania, to Dr. Zvi Marom. The parties will now proceed to satisfy all outstanding legal and regulatory requirements, with the completion of the sale of AMS expected in the near term. The Group will issue a further announcement in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.