First Milling Co. Announces the Board of Director's recommendation to purchase a number of its own Shares to allocate them within the Employees' Stock Incentive Plan Long-Term
| Element List | Explanation |
|---|---|
| Introduction | First Milling Company announces that its Board of Directors has recommended to purchase a number of its own shares, which shall not exceed 300,000 shares, to be retained as treasury shares and allocated to the Employees’ Stock Long-Term Incentive Plan. |
| Board of director’s recommendation date | 2025-10-27 Corresponding to 1447-05-05 |
| Purpose of Purchase | To retain the purchased shares as treasury shares and allocate them to the Employees’ Stock Long-Term Incentive Plan. |
| Purpose of Purchase (If the Purpose to Keep the Shares as Treasury Shares) | To allocate them to the Employees’ Stock Long-Term Incentive Plan. |
| Number of Shares to be Bought | 300000 |
| Shares Class and type | Ordinary shares |
| Method of Financing the Purchasing Process | The purchase will be financed from the Company’s own resources. |
| Current Percentage of the Treasury Shares at the Company out of the Total Class of Shares Purchased | 0.54% |
| Approvals and Meeting the Conditions of Financial Appropriateness | The Board’s recommendation will be presented to the upcoming Extraordinary General Assembly, which will be announced later for approval in accordance with Sub-Article (4) of Article (17) of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies.
The Company will ensure full compliance with the solvency requirements stipulated in Sub-Article (3) of the same Article(17), and the Company will present the report issued by the Company’s auditor in accordance with the requirements of this paragraph. |
| Voting Right | Purchased shares shall not have voting rights in the General Assembly’s Meetings. |
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