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Almogim Approves Key Governance and Compensation Changes

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Almogim Approves Key Governance and Compensation Changes

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Almogim ( (IL:ALMA) ) just unveiled an announcement.

Almogim held a special meeting to discuss and approve several key governance decisions. The meeting resulted in the approval of updates to the company’s compensation policy, the renewal and amendment of management agreements for services from controlling shareholders Mr. Ami Bar Mashiach and Mr. Mario Zozul, and the approval of employment terms for Mr. Shai Zozul, son of a controlling shareholder. Additionally, the renewal of exemption and indemnification letters for controlling shareholders and their relatives was approved. These decisions reflect Almogim’s efforts to solidify its leadership structure and ensure continuity in its management team, potentially impacting its strategic direction and stakeholder relations.

More about Almogim

YTD Price Performance: -9.34%

Average Trading Volume: 52,336

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