Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 39

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 3
Chunk 39
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 determines that the amendment is not material in relation to the existing arrangement.

91

Disclosure of Personal Interests of Controlling
Shareholders and Approval of Certain Transactions

Pursuant to the Companies Law, the disclosure requirements regarding
personal interests that apply to directors and executive officers also apply to a controlling shareholder of a public company. In the
case of an extraordinary transaction between a public company and a controlling shareholder, or in which a controlling shareholder has
a personal interest, the shareholder approval requirement - by a special majority - that applies to a compensation arrangement
for the chief executive officer (as described above) also applies to the extraordinary transaction (except that a controlling shareholder’s
vote is not excluded from the special majority determination, unless the controlling shareholder possesses a conflict of interest/ personal
interest). We currently do not have a controlling shareholder.

Shareholder Duties

Pursuant to the Companies Law, a shareholder has a duty to act
in good faith and in a customary manner toward the company and other shareholders and to refrain from abusing his, her or its power with
respect to the company, including, among other things, in voting at a general meeting and at shareholder class meetings with respect to
the following matters: (i) an amendment to the company’s articles of association; (ii) an increase of the company’s authorized
share capital; (iii) a merger; or (iv) an interested party transaction that requires shareholder approval.

In addition, a shareholder has a general duty to refrain from discriminating
against other shareholders. Certain shareholders also have a duty of fairness toward the company. These shareholders include any controlling
shareholder, any shareholder who knows that it has the power to determine the outcome of a shareholder vote and any shareholder who has
the power to appoint or to prevent the appointment of an office holder of the company or exercise any other rights available to it under
the company’s articles of association with respect to the company. The Companies Law does not define the substance of this duty
of fairness, except to state that the remedies generally available upon a breach of contract will also apply in the event of a breach
of the duty of fairness. Israeli courts have not yet interpreted the scope or nature of any of these duties.

Approval of Private Placements

Under the Companies Law, a significant private placement of securities
requires approval by the board of directors and the shareholders by a simple majority. A private placement is considered a significant
private placement if it results in a person becoming a controlling shareholder, or if all of