Completion of Sale of Diagnostics Distributor
BATM Advanced Communications Limited has completed the sale of its diagnostics distributor, A.M.S 2000 Trading Impex SRL, on December 31, 2025, satisfying all legal and regulatory requirements. As part of this transaction, 96,794,500 ordinary shares previously held by Dr. Zvi Marom will be transferred to Sunstring Ltd, a wholly-owned indirect subsidiary of BATM, and will not carry voting rights. This disposal is the fourth and largest divestment by BATM in less than a year, aligning with its strategy to become a streamlined, high-growth business and deliver immediate shareholder value.
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Further to the Group's announcements of 6 October 2025 and 10 December 2025, BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, is pleased to announce the completion, on 31 December 2025, of the sale of A.M.S 2000 Trading Impex SRL ("AMS") following the satisfaction of all outstanding legal and regulatory requirements.
Pursuant to the sale agreement, the 96,794,500 ordinary shares of NIS 0.01 each in the Group held by Dr. Zvi Marom will now be transferred to Sunstring Ltd, of which BATM has a 100% indirect ownership. Once transferred, in accordance with Israeli law, as these shares will be held by a subsidiary of the Group, they will not have any voting rights (section 309(b) of the Israeli Companies Law). The Group will issue a further announcement once the share transfer has completed, which is expected to occur during January.
Moti Nagar, Chief Executive Officer of BATM, said: "The sale of AMS marks a significant milestone in our strategy to become a streamlined, high-growth business. It is quite an achievement that this is our fourth disposal within less than a year - and our largest to date - and we continue to make progress with respect to exiting other non-core assets. We are also pleased that this transaction will enable us to deliver immediate value to our shareholders. As we enter 2026, we look forward to continuing this momentum and updating the market on our progress in the new year."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.