Company: SLMT
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044434
Chunk: 151

Company: Brera Holdings PLC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 16G
Chunk 151
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ITEM 16G. CORPORATE GOVERNANCE
Foreign Private Issuer

We are incorporated in the Republic of Ireland and our corporate governance practices are governed by applicable laws of Ireland and our constitution. In addition, because our Class B Ordinary Shares are listed on Nasdaq, we are subject to Nasdaq’s corporate governance requirements.

However, as a foreign private issuer, Nasdaq Listing Rule 5615(a)(3) permits us to follow home country practices in lieu of certain requirements of Listing Rule 5600, provided that we disclose in our annual report filed with the SEC each requirement of Rule 5600 that we do not follow and describe the home country practice followed in lieu of such requirement.

We are currently following some Irish corporate governance practices in lieu of Nasdaq corporate governance listing standards as follows:

●                        We are currently following Irish corporate governance practice in lieu of Nasdaq Rule 5635, which sets                    
    forth the circumstances under which shareholder approval is required prior to an issuance of securities in connection with: (i) the acquisition
       of the stock or assets of another company; (ii) equity-based compensation of officers, directors, employees or consultants; (iii) a change  
                                             of control; and (iv) transactions other than public offerings.                                        
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●   We are currently following Irish corporate governance practice in lieu of Nasdaq Rule 5250(b)(3), which
             sets forth the requirement to disclose third party director and nominee compensation.         
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●   We are currently following Irish corporate governance practice in lieu of Nasdaq Rule 5250(d), which sets
                         forth the requirement to distribute annual and interim reports.                     
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Our Irish counsel has provided relevant letters to Nasdaq certifying that under Irish law, we are not required to seek shareholders’ approval in the above circumstances.

Controlled Company

We are a “controlled company” within the meaning of the Nasdaq Listing Rules, where more than 50% of the voting power of our securities for the election of directors was held by an individual, group or another company and, as a result, qualified for exemptions from certain Nasdaq corporate governance requirements, including, without limitation, (i) the requirement to hold an annual meeting of shareholders no later than one year after the end of its fiscal year; (ii) the requirement that a majority of the board of directors consist of independent directors; (iii) the requirement that the compensation of our officers be determined or recommended to our board of directors by a