Board's Decisions 05/08/2013
12-Aug-2013
On August 5.2013 Jordan Securities Commission (JSC) Board of Commissioners chaired by HE Mr Mohammed Saleh Hourani decided by virtue of the provisions of Article (5) of the Securities Law No. (76) for the year 2002, to approve registration of capital increase in shares of Transport & Investment Barter Company of (1.815.000) million shares, via capitalizing JD (1.815.000) million of retained earnings. Distribute this increase to shareholders as free shares; each shareholder according to his contribution in the capital. Fees must be settled duly.
Furthermore, on July 30.2013, the Board decided by virtue of the provisions of Article (5) of the Securities Law No. (76) for the year 2002, to approve registration of the following securities & to address the Securities Depository Center (SDC) to register them, respectively:
1. Thirty seventh issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on July 2.2016, at a value of JD (50) million.
2. Thirty eighth issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on July 8.2015, at a value of JD (50) million.
3. The fortieth issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on July 17.2016, at a value of JD (50) million.
By virtue of the provisions of Article (73/B) of the Securities Law No. (76) for the year 2002, the Board of Commissioners requested the Board of Directors of the Amman Stock Exchange (ASE) to amend the context of Article (17/C) of the Internal By-Law of the (ASE) of 2004 as follows:
C- “The term of the Board of Directors shall be for three years & no member can be elected or appointed for more than two successive sessions”.
Moreover, by virtue of the provisions of Article (83/B) of the Securities Law No. (76) for the year 2002, the Board of Commissioners requested the Board of Directors of the (SDC) to amend the context of Article (13/F) of the Internal By-Law of the (SDC) for the year 2004 as follows:
F- “The term of the elected members of the Board of Directors shall be three years. No member shall be elected for more than two consecutive terms”.
On July 9.2013, the (JSC) Board of Commissioners chaired by HE Mr Mohammed Saleh Hourani decided by virtue of the provisions of Article (5) of the Securities Law No. (76) for the year 2002, to approve the thirty sixth issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on June 24.2015, at a value of JD (50) million.