Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 208

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 18
Chunk 208
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 exercise period for an additional year. The incremental amount is approximately NIS 1.4 million. Out of which, NIS 0.7 million were recorded in 2024.
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I.   On December 31, 2024, the Company’s board of directors approved the allocation of company shares, in a private allocation of shares and options, to nine investors and one investor, the controlling shareholder of the Company or a company under its control, who will invest a total of approximately NIS 34 million in the Company. the allocation was approved at the general meeting on February 3, 2025.
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     In February 2025, an additional investor invested NIS 1.5 million.                                                                                                                                                                                                                                                                                                                                             
     As of December 2024, the amount is presented under current liabilities.                                                                                                                                                                                                                                                                                                                                        

J.                                                                                         Rights                                                                                      
                                                                                  associated with shares:                                                                              
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     Each share gives its owner the right to participate and to vote in the general meetings (each share has one voting right), and the right to receive dividends and/or bonus shares.
 
In February 2025, additional investor invest NIS 1.5 million. The total invest is approximately NIS 35.5 million.
 
As of December 2024, the amount is presented under current liabilities.
 

K.            Rights        
     associated with shares:
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Each share gives its owner the right to participate and to vote in the general meetings (each share has one voting right), and the right to receive dividends and/or bonus shares.
 
 
F-54
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Note 18 – Equity (Cont.)
 

L.        Share-based     
     payment transactions:
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Expense recognized in the financial statements
 
The expense which was recognized in the financial statements for received services is presented in the following table:
 
 Schedule of Share-based Payment Expenses
 
                                                                        2024                     2023                      2022      
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                                                                      For the year ended December 31                                 
                                                                             2024         2023                      2022             
                                                                      NIS in thousands                                               
Total expenses recognized from share-based payment transactions             2,281                     2,592                     8,907
    Options plan:
 
On March 31, 2015, the Company’s board of directors resolved to adopt a new plan for the allocation of shares and options to employees, directors and consultants (the “2015 Options Plan”).