First Milling agrees to purchase 300,000 shares of its stock, allocate them within employee stock program

The Board of Directors of the First Milling Company announced on Thursday the results of the Extraordinary General Assembly (First Meeting), held on Wednesday 10/01/2024G after the quorum for the validity of the meeting was completed.

Voting results:

 Approval on the employee share scheme and authorizing the Board to decide on the conditions of the scheme, including the allocation price for each share offered to employees if the shares are offered in exchange for consideration.

 Approval on the Company’s purchase of a number of shares which shall not exceed 300,000 shares for the purpose of allocating such shares to employees as part of the employee share scheme which shall be financed through the funds present in the Company, and on authorizing the Board to Complete the purchase within a period not exceeding twelvemonths from the date of the extraordinary general assembly’s resolution. The Company shall keep hold of the purchased shares until the shares are allocated to the eligible employees, and for a maximum period of 10 years from the date of the extraordinary general assembly’s approval. Once the said period lapses, the Company shall follow the rules and procedures provided in the relevant laws and regulations (upon approval of item No. 3).