Result of General Meeting
BATM Advanced Communications Limited announced that all resolutions were passed at its general meeting, paving the way for the sale of three non-core activities comprising seven corporate entities and the sale of 96,794,500 ordinary shares held by Sunstring Ltd. Resolution 1 received 85.05% of votes cast in favour, while Resolution 2 was overwhelmingly approved with 99.95% of votes cast in favour. The Group will provide further updates on these disposals in due course.
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Further to the Group’s announcement of 17 August 2026, BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure and cybersecurity technologies, announces that at the general meeting of the Group’s shareholders, held earlier today, all resolutions were duly passed.
The Group will provide an update on the sale of three of its remaining four non-core activities, comprising seven corporate entities (the “Disposed Businesses”), and the sale of 96,794,500 ordinary shares of NIS 0.01 each in BATM held by Sunstring Ltd, one of the Disposed Businesses, in due course.
Details of the proxy voting results, which should be read alongside the Notice of General Meeting, are below:
| Resolution | Votes for | Votes against | Votes withheld | Total proxy votes | ||
|---|---|---|---|---|---|---|
| No. of votes | % of votes cast | No. of votes | % of votes cast | No. of votes | ||
| 1 | 117,724,852 | 85.05 | 20,687,347 | 14.95 | 0 | 138,412,199 |
| 2 | 138,347,908 | 99.95 | 64,291 | 0.05 | 0 | 138,412,199 |
(There were no discretionary votes cast)
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.