Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 149

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 149
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 officer) or director who is also a controlling shareholder, see “ - Disclosure of
personal interests of a controlling shareholder and approval of transactions.”

Disclosure of personal interests of a controlling shareholder and
approval of certain transactions

Under the Companies Law, the disclosure requirements that apply
to an office holder also apply to a controlling shareholder of a public company. In the context of a transaction involving a shareholder
of the company, the definition of “controlling shareholder” also includes shareholders that hold 25% or more of the voting
rights if no other shareholder owns more than 50% of the voting rights in the company (and the holdings of two or more shareholders which
each have a personal interest in such matter will be aggregated for the purposes of determining such threshold), but excludes a shareholder
whose power derives solely from his or her position as a director of the company or from any other position with the company. For this
purpose, the holdings of all shareholders who have a personal interest in the approval of the same transaction will be aggregated.

Under the Companies Law, extraordinary transactions with a controlling
shareholder or in which a controlling shareholder has a personal interest, including a private placement in which a controlling shareholder
has a personal interest, as well as transactions for the provision of services, whether directly or indirectly, by a controlling shareholder
or his or her relative, or a company such controlling shareholder controls, require the approval of the audit committee, the board of
directors and the shareholders, in that order. Transactions concerning the compensation terms of a controlling shareholder or a controlling
shareholder’s relative, whether as an office holder or an employee, require the approval of the compensation committee, the board
of directors and the shareholders, in that order. The shareholder approval must meet one of the following requirements:

  at least a majority of the shares held by shareholders who have no personal interest in the matter who                

  the shares voted by shareholders who have no personal interest in the matter who are present and vote against  

The terms of service and employment of a controlling shareholder
approved by the compensation committee and board of directors shall be in accordance with the compensation policy of the company. Nonetheless,
the compensation committee and the board of directors may, in special circumstances, approve a compensation arrangement of a controlling
shareholder that does not comply with the company’s compensation policy, provided that (i) the compensation committee and, thereafter,
the board of directors approve such terms, based on, among other things, the considerations and mandatory requirements with respect to
a compensation policy