| Element List |
Explanation |
| Introduction |
Leejam Sports Company (the Company) announces the Board of Directors approval to purchase a number of the company’s shares, with a maximum of 200 thousand shares, for the purpose of allocating it to the employees’ long term incentives program. |
| Board of director’s recommendation date |
2024-03-14 Corresponding to 1445-09-04 |
| Purpose of Purchase |
To be allocated to the employees’ long term incentives program. |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) |
To be allocated to the employees’ long term incentives program. |
| Number of Shares to be Bought |
200000 |
| Shares Class and type |
Ordinary shares |
| Method of Financing the Purchasing Process |
The company's own resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased |
None |
| Approvals and Meeting the Conditions of Financial Appropriateness |
The resolution to purchase the shares and allocating it to the employees’ long-term incentive program will be voted on by the Extraordinary General Assembly at its earliest meeting, which date will be announced later, in accordance with the requirements of the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. The conditions for financial solvency will also be met according to a report that will be issued by the company’s external auditor and attached to the invitation to the extraordinary general assembly that will vote on this resolution according to regulation. |
| Voting Right |
Purchased Shares Shall not Have Voting Rights in the General Assembly’s Meetings |
Comments