BATM Advanced Communications Ltd. (BVC): Exit of non-core assets

This situation live

BVC BATM Advanced Communications Ltd.

£39m · 11.4p · −30% since the first step

2 Jan 2026 · Sale completed; share transfer pending in January · −6% until the next step The Group will issue a further announcement once the share transfer has completed, which is expected to occur during January.

11 Mar 2026 · Completed; reported in full-year results · +1% until the next step Sold the Group's diagnostic distribution business - generating a capital gain of $14.1m

22 Jun 2026 · Agreements signed, subject to conditions · −22% until the next step Following completion of the Transaction, Mr. Dor or an entity controlled by him will hold approximately 22% of the Group's issued share capital and voting rights.

24 Aug 2026 · Agreed; awaiting shareholder and third-party approvals · −4% since which is subject to closing conditions, such as approval by the Group's shareholders at the Company's general meeting to be held on 24 September 2026 and statutory and other third-party approvals

Disposal of a part (break-up)

Exit of non-core assets

Agreed; awaiting shareholder and third-party approvals

Every step · 4

2 Jan 2026 Sale completed; share transfer pending in January – The Group will issue a further announcement once the share transfer has completed, which is expected to occur during January. ↗
11 Mar 2026 Completed; reported in full-year results – Sold the Group's diagnostic distribution business - generating a capital gain of $14.1m ↗
22 Jun 2026 Agreements signed, subject to conditions – Following completion of the Transaction, Mr. Dor or an entity controlled by him will hold approximately 22% of the Group's issued share capital and voting rights. ↗
24 Aug 2026 Agreed; awaiting shareholder and third-party approvals – which is subject to closing conditions, such as approval by the Group's shareholders at the Company's general meeting to be held on 24 September 2026 and... ↗

What is happening

BATM Advanced Communications Ltd.: Exit of non-core assets – Agreed; awaiting shareholder and third-party approvals. ['Agreed; awaiting shareholder and third-party approvals']

In short: 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.
Announced: 2 Jan 2026 · Sale completed; share transfer pending in January
Latest: 24 Aug 2026 · Agreed; awaiting shareholder and third-party approvals
Price: $13.3m cash, 33x the Disposed Businesses' 2025 adjusted net profit
Linked share sale: 96,794,500 BATM shares at 18.15p, about £17.6m (c. $23.3m), a 33% premium; same purchaser, inter-conditional
Aggregate: Approximately $36.6m cash across the two agreements, subject to exchange rates
Conditions: Shareholder approval at general meeting on 24 September 2026, plus statutory and third-party approvals
Business sold: Three of four remaining non-core activities, seven corporate entities
Remaining non-core: Hungarian environmental monitoring business only; Board would consider selling it

From the company's own announcements. Not investment advice.

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