Dallah Healthcare Company’s announcement of the Board of Directors’ Recommendation to purchase a number of its Shares and allocate them to the employee stock incentive program.
| Element List | Explanation |
|---|---|
| Introduction | Dallah Healthcare Company announces the Board of Directors’ Recommendation to purchase a number of the Company’s Shares, up to a maximum of 622,450 shares, for allocation to the employee stock incentive program. |
| Board of director’s recommendation date | 2025-05-26 Corresponding to 1446-11-28 |
| Purpose of Purchase | Employee Stock Incentive Program. |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | Employee Stock Incentive Program. |
| Number of Shares to be Bought | 622450 |
| Shares Class and type | Ordinary shares |
| Method of Financing the Purchasing Process | From the Company's Own Resources |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0.37% |
| Approvals and Meeting the Conditions of Financial Appropriateness | The approval of the Extraordinary General Assembly will be obtained at its first upcoming meeting for the share repurchase, in accordance with the requirements of paragraph (4) of Article (17) of the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.
The financial solvency requirements set out in paragraph (3) of the same Article will also be met based on the solvency report to be issued by the Company’s external auditor. |
| Voting Right | The shares to be purchased will not have voting rights in shareholders’ assemblies. |
| Additional Information | It is worth noting that the Company currently holds (377,550) shares as treasury shares. The objective of acquiring these shares was to retain them as treasury shares, while the purpose was to use them in future swap transactions for the acquisition of shares or interests in a company or the purchase of an asset. The Board of Directors has recommended changing the purpose of these shares to allocate them under the Employee Stock Incentive Program, and this change will be presented to the Extraordinary General Assembly at its first upcoming meeting for approval.
Accordingly, the total number of shares allocated to the Employee Stock Incentive Program will amount to (1,000,000) shares, in the event the Company purchases the maximum number of shares stated in the announcement, which is (622,450) shares, in addition to changing the purpose of the (377,550) shares currently held as treasury shares |
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