Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 178

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 19
Chunk 178
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to pay severance pay and/or pensions to employees dismissed or retiring from their employment in other certain circumstances. The amounts
of benefits those employees are entitled to upon retirement are based on the number of years of service and the last monthly salary.

Also, under labor laws and labor agreements in
effect, including the Expansion Order (Combined Version) for Obligatory Pension under the Collective Agreements Law of 1957 (the “ Expansion
Order”), the Company is liable to make deposits with provident funds, pension funds or other such funds, to cover its employees’
pension insurance as well as some of its severance pay liabilities.

Under the terms of the Expansion Order, the Company
deposits for severance pay as required under the Expansion Order as well as other deposits made by those companies “in lieu of severance
pay” and which were announced as such as required under the Expansion Order, replace all payment of severance pay under Section
14 of the Israeli Severance Pay Law, 1963 (the “ Severance Pay Law”) with respect to the wages, components, periods and rates
for which the deposit alone was made.

Defined contribution plans

The Company’s severance pay liability to
Israeli employees for which the said liability is covered under section 14 of the Severance Pay Law is covered by regular deposits with
defined contribution plans. The amounts funded above are not reflected in the consolidated statements of financial position. The amounts
recognized as expense in respect of defined contribution plans in 2024, 2023 and 2022 are $344thousand, $314thousand and $319thousand,
respectively.

NOTE 13 - SHAREHOLDERS’ EQUITY:

Share capital

As of December 31, 2024 and 2023, the Company’s share capital
is composed as follows:

  Number of shares                                                                                                                      
  Authorized                                            Issued                        Authorized                              Issued    
  December 31, 2024                                                                   December 31, 2023                                 
  Ordinary shares of no-par value      150,000,000                    69,144,269                             150,000,000                

F-28

ALARUM TECHNOLOGIES LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

On November 2, 2023, the Company’s shareholders
approved to increase the Company’s authorized share capital to150,000,000ordinary shares of no-par value.

The last reported market price for the Company’s securities