Company: SVREW
Filing Date: 2025-04-03
Form Type: 424B3
Source: 0001213900-25-028394
Chunk: 45

Company: SaverOne 2014 Ltd.
Filing Date: 2025-04-03
Form: 424B3
Chunk 45
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 offer hold less than
5% of the issued and outstanding share capital of the company, and more than half of the shareholders who do not have a personal interest
in the offer accept the offer, all of the shares that the acquirer offered to purchase will be transferred to the acquirer by operation
of law. However, a tender offer will also be accepted if the shareholders who do not accept the offer hold less than 2% of the issued
and outstanding share capital of the company or of the applicable class of shares.

Upon a successful completion
of such a full tender offer, any shareholder that was an offeree in such tender offer, whether or not such shareholder accepted the tender
offer, may, within six months from the date of acceptance of the tender offer, petition an Israeli court to determine whether the tender
offer was for less than fair value and that the fair value should be paid as determined by the court. However, under certain conditions,
the offeror may include in the terms of the tender offer that an offeree who accepted the offer will not be entitled to petition the
Israeli court as described above.

If a tender offer is not
accepted in accordance with the requirements set forth above, the acquirer may not acquire shares from shareholders who accepted the
tender offer that will increase its holdings to more than 90% of the company’s issued and outstanding share capital or of the applicable
class.

Special tender offer

The Companies Law provides
that an acquisition of shares in a public company must be made by means of a tender offer if, as a result of the acquisition, the purchaser
would become a holder of 25% of the voting rights in the company, unless there is already a person holding 25% of the voting rights in
the company. Similarly, the Companies Law provides that an acquisition of shares in a public company must be made by means of a tender
offer if, as a result of the acquisition, the purchaser would become a holder of more than 45% of the voting rights in the company, unless
there is already a person holding more than 45% of the voting rights in the company. These requirements do not apply if the acquisition
(i) occurs in the context of a private placement by the company that received shareholder approval or (ii) was from a 25% or 45% shareholder,
as the case may be. The tender offer must be extended to all shareholders, but the offeror is not required to purchase more than 5% of
the