Board's Decisions 09/02/2011
20-Feb-2011
Approve registration of capital increase in shares of Bank of Jordan of (10) million shares at an issuance price of not less than (90)% of the share market value on the date of the Board of Commissioners decision. This capital increase shall be via a non public issuance. Increase in shares shall be allocated to each of the following:
* 5 million shares for Al-Faraena International Company for Industrial Investments (Jordanian nationality).
* 5 million shares for the External Libyan Bank (Libyan nationality).
The following terms must be fulfilled:
* It is prohibited to deal in these shares for one year starting from the date of fulfilling issuance procedures at Jordan Securities Commission (JSC).
* Shares issuance procedures must be fulfilled within a maximum period of time not exceeding (10) working days from notifying the Bank of Jordan of the decision of the Board of Commissioners.
* Fees must be settled as deemed proper.