Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 224

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 6
Chunk 224
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 Consists of amounts recognized as share-based compensation expense on the Company’s    
      statement of comprehensive loss for the year ended December 31, 2024.                  

(4)                       “All Other Compensation” includes automobile-related expenses pursuant to the Company’s                    
      automobile leasing program, telephone, basic health insurance and holiday presents, as well as termination benefits to Ms. May.
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 As approved by our shareholders at the annual general meeting held in 2022, our directors are entitled to cash compensation of $30,000 per annum, $1,200 for each board or committee meeting attended in person, $720 for each board or committee meeting attended via telephone or videoconference, $600 for participation by written consent and $3,000 for membership of each committee of the Board of Directors, and in the case of the Chairman of the Board of Directors, such fees in amounts that are 50% higher than the foregoing fees, in each case provided that such fees do not exceed the maximum amounts payable to external directors from time to time by us under the Israeli Companies Regulations (Rules Regarding Compensation and Expense Reimbursement of External Directors), 2000 and the Israeli Companies Regulations (Relief for Companies whose Securities are Listed for Trading Outside of Israel), 2000. For the year ended December 31, 2024, we recorded $62,300 on account of cash compensation paid to the Chairman of our Board of Directors, Dr. Aharon Schwartz, and a $6,400 equity-based compensation expense for equity-based compensation granted to Dr. Schwartz.

 For information concerning our equity compensation plan, see “— Beneficial Ownership of Executive Officers and Directors — Equity Compensation Plan.”

There are currently no arrangements or understandings between us, on the one hand, and any of our directors, on the other hand, providing for benefits upon termination of their service as directors of our Company.
 
C. Board Practices
 
Board of Directors
 
According to the Companies Law, the management of our business is vested in our board of directors. Our board of directors may exercise all powers and may take all actions that are not specifically granted to our shareholders. Our executive officers are responsible for our day-to-day management and have individual responsibilities established by our board of directors. Executive officers are appointed by and serve at the discretion of our board of directors, subject to any applicable employment agreements we have entered into with the executive officers.
 
According to our Articles of Association, our board of directors must consist of at least five and not more than