Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 255

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 9
Chunk 255
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 listed for the foreseeable future, on the New York Stock Exchange, which is a qualifying exchange
for this purpose. However, no assurance can be given that our ordinary shares will continue to be regularly traded on a “qualified
exchange” for purposes of the mark-to-market election. In addition, because a mark-to-market election cannot be made for any lower-tier
PFICs that we may own, a U. S. Holder may continue to be subject to the PFIC rules discussed above with respect to such holder’s
indirect interest in any investments we hold that are treated as an equity interest in a PFIC for United States federal income tax purposes.

If a U. S. Holder makes an effective mark-to-market election, in
each year that we are a PFIC, such U. S. Holder will include in each year that we are a PFIC as ordinary income the excess of the fair
market value of such U. S. Holder’s ordinary shares at the end of the year over such U. S. Holder’s adjusted tax basis in the
shares. Such U. S. Holder will be entitled to deduct as an ordinary loss in each such year the excess of such U. S. Holder’s adjusted
tax basis in the ordinary shares over their fair market value at the end of the year, but only to the extent of the net amount previously
included in income as a result of the mark-to-market election. If a U. S. Holder makes an effective mark-to-market election, in each year
that we are a PFIC, any gain such U. S. Holder recognizes upon the sale or other disposition of such U. S. Holder’s ordinary shares
will be treated as ordinary income and any loss will be treated as ordinary loss, but only to the extent of the net amount of previously
included income as a result of the mark-to-market election.

A U. S. Holder’s adjusted tax basis in the ordinary shares
will be increased by the amount of any income inclusion and decreased by the amount of any deductions under the mark-to-market rules discussed
above. If a U. S. Holder makes an effective mark-to-market election, it will be effective for the taxable year for which the election is
made and all subsequent taxable years unless the ordinary shares are no longer regularly traded on a qualified exchange or the IRS consents
to the revocation of the election. U. S. Holders are encouraged to consult their tax advisers about the availability of the mark-to-market
election