Board's Decision 16/05/2012
16-May-2012
Approve registration of capital increase in shares of Arab Assurers Company of (2.5) million shares at an issuance price of JD (0.40) per share or not less than (90%) of the share closing market price of which is higher on the approval date of the Board of Commissioners, via capitalizing accounts payables (subordinated to the capital) amounting JD (751.661) thousand & covering JD (248.339) thousand by allocating these shares to shareholders stated in the Company Letter No. 1550/2012 dated April 30.2012.
The following terms must be fulfilled:
1. It is prohibited to deal in capital increase in shares for two years starting from the date of fulfilling issuance procedures at (JSC).
2. Shares issuance procedures must be fulfilled within at least (10) working days from notifying the Company of the Board of Commissioners decision.
3. Fees must be settled as deemed proper.