Board's Decision 29/9/2011
10-Oct-2011
Approve registration of capital increase in shares of Falcon for Investments & Financial Services Company of (7.550.000) million shares at the share nominal value of JD (1) per share or (90%) of the share market value of which is higher on the approval date of the Board of Commissioners. Allocate these shares & ratios to the following Strategic Partners:
• Thel Al-Urdon for General Trading Limited Liability Company (500.000) thousand shares.
• Al-Zawaya Al-Arba’ah for Financial & Real Estate Investments Limited Liability Company (6.300.000) million shares.
• Jordan Masaken for Land & Industrial Development Projects Public Shareholding Company (750.000) thousand shares.
The following terms must be fulfilled:
• It is prohibited to deal in these shares for two years starting from the date of fulfilling issuance procedures at the (JSC).
• Shares issuance procedures must be fulfilled within (10) working days from notifying the Company of the Board of Commissioners decision.
• As approved by the Board of Commissioners decision number 28/2011, comply with distributing the allocations of the capital increase, prior disclosure of steps to implement this decision & prior disclosure of any dealings between the Strategic Partners & the Company relevant to benefiting from the issuance outcome.
• Fees must be settled as deemed proper.
Submit a disclosure report mainly including the following:
1. Brief of the Company extraordinary general meeting including the approval of the capital increase, method of covering the increase, relevant Board of Directors decisions & the Company request.
2. Approval of the Minister of Industry & Commerce on the decision of the extraordinary general meeting & a letter from the Company Controller regarding fulfilling the procedures of capital increase.
3. Written text of the Board of Commissioners approval to register capital increase in shares.
4. Clarification of the purpose of the capital increase & means to benefit from the issuance outcome.
5. Declaration from the Company Board of Directors stating that the information in the disclosure report is correct & accurate, that this report includes all material facts that may affect shares prices & trading volumes as well, their liabilities.