Business
Sale of Non-Core Businesses
BATM Advanced Communications Limited has announced a significant strategic transaction involving the sale of three non-core businesses for $13.3 million cash and the secondary sale of 96.8 million existing BATM shares at 18.15 pence per share, representing a 33% premium to the market price. These combined transactions are expected to generate approximately $37 million in cash, which will be used to accelerate the company's focus on high-growth markets such as secure managed networking, quantum encryption, and cybersecurity. Following this divestment, BATM will have only one remaining non-core subsidiary, positioning it as a specialist in advanced technologies. Disclaimer*
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LEI: 213800FLQUB9J289RU66 22 June 2026 BATM Advanced Communications Limited ("BATM" or "the Group") Sale of Non-Core Businesses Proposed secondary sale of 96.8m existing BATM shares at 18.15p per share, a 33% premium to market price, and the disposal of three non-core activities for $13.3m cash consideration Combined, transactions to generate $37m cash and accelerate focus on high-growth, high-margin markets of secure managed networking, quantum encryption and cybersecurity BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure and cybersecurity technologies, is pleased to announce that it has entered into a share purchase and loan assignment agreement (the "SPLAA") for the proposed sale of three of its remaining four non-core activities, comprising seven corporate entities (the "Disposed Businesses"), for a cash consideration of $13.3m. In addition, Sunstring Limited ("Sunstring"), one of the Disposed Businesses, has entered into a secondary share purchase agreement (the "SSPA") (together with the SPLAA, the "Agreements") for the sale of the 96,794,500 ordinary shares of NIS 0.01 each in BATM ("Ordinary Shares") held by Sunstring at a price of 18.15p per Ordinary Share, equating to a cash consideration of c. £17.6m (c. $23.3m). This represents a 33% premium to the average closing price of BATM's Ordinary Shares on the London Stock Exchange in the 30 trading days preceding the signing of the Agreements. The Agreements, which are inter-conditional, have been entered into with Mr. Haim Dor, with the aggregate cash consideration being approximately $36.6m (subject to fluctuations in the conversion rate) (the "Transaction"). The Disposed Businesses and the 96,794,500 Ordinary Shares (the "Sale Shares") will be sold to Mr. Dor or an entity controlled by him (the "Purchaser"). The Transaction represents significant progress on the Group's strategy to exit its non-core activities, streamline its operations and concentrate resources on its core strengths of networking and cybersecurity. Following completion of the Transaction, only one non-core subsidiary would remain: the Group's environmental monitoring company in Hungary, which the Group is expecting to divest in the near term. This repositions BATM as a high-technology specialist delivering mission-critical secure ...
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