Company: EVGN
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001178913-25-001092
Chunk: 168

Company: Evogene Ltd.
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4A
Chunk 168
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 and settlement costs, diversion of management resources and other factors.

Titan Castor Farms Limited

On June 27, 2023, Casterra entered into a Growing Services Agreement
with Titan Castor Farms Limited, or Titan, a Zambia-based company, pursuant to which Titan will provide to Casterra the following services,
on a statement of work basis: planning, growing, data collections, harvesting, dehulling, packaging and will serve as exporter. Casterra
has initiated legal proceedings in Zambia against Titan for the recovery of approximately one million dollars, paid as pre-payment for
castor seeds, which were not provided to date. On March 4, 2025, Casterra and Titan entered into a consent judgment, pursuant to which
Titan will repay its debt to Casterra in several installments by way of cash and in kind.

Dividend Policy

Since our inception, we have not declared or paid any cash or other
form of dividends on our ordinary shares. We currently intend to retain any earnings for use in our business and do not currently intend
to pay cash dividends on our ordinary shares. Dividends, if any, on our outstanding ordinary shares will be declared by and subject to
the discretion of our board of directors. Even if our board of directors decides to distribute dividends, the form, frequency and amount
of such dividends will depend upon our future operations and earnings, capital requirements and surplus, general financial condition,
contractual restrictions and other factors our board of directors may deem relevant.

In addition, the distribution of dividends may be limited by Israeli
law, which permits the distribution of dividends only out of distributable profits. See “ Dividend and Liquidation Rights”
in Exhibit 2.1 to this Annual Report.

B. Significant
Changes

No significant changes have occurred since December 31, 2024, except
as otherwise disclosed in this Annual Report.

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