Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 235

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 6
Chunk 235
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 the company;
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•   refrain from exploiting any business opportunity of the company for the purpose of
            gaining a personal advantage for himself or herself or others; and        
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•            disclose to the company any information or documents relating to the company’s         
    affairs which the office holder received as a result of his or her position as an office holder.
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We may approve an act performed in breach of the duty of loyalty of an office holder provided that the office holder acted in good faith, the act or its approval does not harm the company, and the office holder discloses his or her personal interest, as described below.
 
Disclosure of personal interests of an office holder
 
The Companies Law requires that an office holder promptly disclose to the company any personal interest that he or she may have and all related material information or documents relating to any existing or proposed transaction by the company, and in any event no later than the first meeting of the board of directors at which the transaction is considered. An office holder is not, however, obliged to disclose a personal interest and related information if the personal interest of the office holder derives solely from the personal interest of his or her relative in a transaction that is not considered an extraordinary transaction (as defined in the Companies Law).
 
The term personal interest is defined under the Companies Law to include the personal interest of a person in an action or transaction of a company, including the personal interest of such person’s relative or the interest of any entity in which the person or any of his/her relatives serves as a director or the chief executive officer, owns at least 5% of its issued share capital or its voting rights or has the right to appoint a director or the chief executive officer, but excluding a personal interest stemming solely from the ownership of shares in such entity. A personal interest includes the personal interest of a person for whom the office holder holds a voting proxy and the personal interest of the office holder voting as a proxy, even if the shareholder granting the proxy has no personal interest in the approval of the matter.
 
Under the Companies Law, an extraordinary transaction is defined as any of the following:
 

•   a transaction other than in the ordinary course of business;
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•   a transaction that is not on market terms; or
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•   a transaction that may have a material impact on the company’s profitability, assets or liabilities.
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Under the Companies Law, once an office holder has complied with the disclosure requirement described above, a company may approve a transaction between the company