Company: ALAR
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0001213900-25-025287
Chunk: 36

Company: Alarum Technologies Ltd.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 3
Chunk 36
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 Israeli law, a potential bidder for the company’s shares, who would as a result of
a purchase of shares hold either 25% of the voting rights in the company when no other party holds 25% or more, or 45% of the voting
rights in the company where no other shareholders holds 45% of the voting rights, would be required to make a special purchase offer
as set out in the provisions of the Israeli law. The Israeli law requires a special purchase offer to be submitted to shareholders for
a pre-approval vote. A majority vote is required to accept the offer. An offeror who is regarded as a ‘controlling shareholder’
under Israeli law, as well as those who control the offeror, those who have a personal interest in the acceptance of the special purchase
offer, or those who holds 25% of the voting rights in the company, or those on behalf of those or the offeror, including their relatives
or corporations under their control, cannot vote on the resolution and the procedure includes a secondary vote of the non-voting shareholders
and the shareholders who rejected the offer at pre-approval level. A special purchase offer may not be accepted unless shares that carry
5% of the voting rights in the target company are acquired. Furthermore, the shareholders may, at any time within six months following
the completion of the tender offer, claim that the consideration for the acquisition of the shares does not reflect their fair market
value, and petition an Israeli court to alter the consideration for the acquisition accordingly, other than those who indicated their
acceptance of the tender offer in case the acquirer stipulated in its tender offer that a shareholder that accepts the offer may not
seek such appraisal rights, and the acquirer or the company published all required information with respect to the tender offer prior
to the tender offer’s response date. In addition, our articles of association provide for a staggered board of directors, which
mechanism may delay, defer or prevent a change of control of the Company. See “ Item 10. B Memorandum and Articles of Association
 - Provisions Restricting Change in Control of Our Company” for additional information.

Israeli
tax considerations also may make potential transactions unappealing to us or to our shareholders whose country of residence does not
have a tax treaty with Israel exempting such shareholders from Israeli tax. For example, Israeli tax law does not recognize tax-free
share exchanges to the same extent as U. S. tax law.