BATM Advanced Communications Ltd.
BVC · Main Market · Health Care · mcap £39m · 11.4p 2 open situations →
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Disposal of a part (break-up)
Exit of non-core assets
Agreed; awaiting shareholder and third-party approvals
Since January 2026 BATM has been exiting non-core assets, completing the AMS sale on 2 Jan 2026. On 22 Jun 2026 it agreed to sell three of four remaining non-core activities for $13.3m cash. The interim results (24 Aug 2026) add that this is inter-conditional with a £17.6m sale of BATM shares, giving about $36.6m in total, and that Laborator A.M.S 2000 SRL was sold for $1.0m. Only the Hungarian environmental monitoring business would remain.
- Price
- $13.3m cash, 33x the Disposed Businesses' 2025 adjusted net profit 24 Aug 2026 ↗
- Linked share sale
- 96,794,500 BATM shares at 18.15p, about £17.6m (c. $23.3m), a 33% premium; same purchaser, inter-conditional 24 Aug 2026 ↗
- Aggregate
- Approximately $36.6m cash across the two agreements, subject to exchange rates 24 Aug 2026 ↗
- Conditions
- Shareholder approval at general meeting on 24 September 2026, plus statutory and third-party approvals 24 Aug 2026 ↗
- Business sold
- Three of four remaining non-core activities, seven corporate entities 24 Aug 2026 ↗
- Remaining non-core
- Hungarian environmental monitoring business only; Board would consider selling it 24 Aug 2026 ↗
- 24 Aug 2026 Agreed; awaiting shareholder and third-party approvals
- 22 Jun 2026 Agreements signed, subject to conditions
- 11 Mar 2026 Completed; reported in full-year results
- 2 Jan 2026 Sale completed; share transfer pending in January
Stake building towards control
Lombard Odier Asset Management (Europe) Limited towards control
38.18% (from 29.72%)
Next: a 30% holder must bid (Rule 9)
- 12 Jan 2026 38.18%
Closed · 1
Company filings. Not investment advice.