CEO’s message Sample Clauses

CEO’s message. The status of BioLineRx as a public company confers on it both advantages and responsibility. The main market for trading the Company’s shares is the Tel Aviv Stock Exchange. Therefore, we are subject to the Israeli Securities Law and the enforcement thereof by the Israel Securities Authority (“ISA”). When the ISA learns of breaches of the law, it has the power to xxx companies and individuals in criminal proceedings and (after amendments to the law from 2011) to impose fines and other sanctions without the need to apply to the courts. The administrative enforcement plan is intended to help us comply with the law, to correctly address violations and to demonstrate to the ISA that we treat seriously anything that is related to the offering of our shares. Understanding the plan and enforcing it in day-to-day life provides a solid basis for the investors’ trust in particular and for the Company’s public reputation in general. Similarly to our code of business and ethics, this plan is intended for each and every Company employee, manager and Board member. I request and expect your personal commitment to the enforcement of the procedure and full cooperation in its application. This procedure is a living procedure which may change from time to time pursuant to relevant laws and regulations and according to the lessons learned during the assimilation of the plan. I trust each and every one of you to comply with both the written plan and its spirit. Xx. Xxxxxxxx Xxxxxxxx CEO
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