Suspend Trading in Shares of International Cards Company on April 2.2013
02-Apr-2013
The Board of Commissioners discussed the letter of International Cards Company concerning suspending trading in its shares for a legal dispute between it & another company it is dealing with. This shall affect the company’s natural activity & thus, its income.
Since this information is undisclosed to investors, the Board of Commissioners decided by virtue of the provisions of Article (19) of the Securities Law No. (76) for the year 2002, to suspend trading in shares of International Cards Company for three days starting on April 2.2013. Furthermore, the Board requested the company to provide the Jordan Securities Commission (JSC) with a prompt disclosure, detailing information stated in its letter to the Board & the effects of this on its financial status.