Jordan Securities Commission Registers New Securities on June 2.2013

On May 28.2013 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 the following securities & to address the Securities Depository Center (SDC) to register them, respectively:

1. Twenty eighth issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on May 8.2018, at a value of JD (50) million.
2. Fifty sixth issuance of Water Authority Bonds for the year 2013 at a maturity date on May 12.2016, at a value of JD (30) million.
3. Capital increase in shares of Bank Al Etihad of (10) million shares/JD, via capitalizing JD (10) million of retained earnings. Distribute this increase to shareholders as free shares of (10%); each shareholder according to his contribution in the capital. Fees must be settled as deemed proper.
4. Capital increase in shares of Arab Orient Insurance Company of (1.310.750) million shares, via capitalizing JD (1.310.750) million of retained earnings. Distribute this increase to shareholders as free shares of (7%); each shareholder according to his contribution in the capital. Fees must be settled as deemed proper.
5. Capital increase in shares of Jordan Petroleum Refinery Company of (8) million shares/JD, via capitalizing JD (8) million of retained earnings. Distribute this increase to shareholders as free shares of (25%) of the paid in capital; each shareholder according to his contribution in the capital. Fees must be settled as deemed proper. And, inform in writing the Ministries of Finance & Energy & Mineral Resources. 
6. Cover unsubscribed capital increase in shares of Winter Valley Tourism Investment Company of (1.565.090) million shares, via offering shares for subscription through public offer to shareholders, at the share nominal value of JD (1), an issuance discount of JD (0.32) per share & enforce the relevant prospectus as follows:

• Shall the market price of a share exceeds the issuance price of shares required to be covered on the end of the fifteenth day following the date of the Commission’s approval to cover these shares, the provisions of the Instructions to Deal with the Subscription Rights shall be applicable on these (1.565.090) million shares. The right to exercise subscription in shares of registered shareholders shall be as on the end of the fifth day of trading subscription rights. 
• Shall the market price of a share equals or is less than the issuance price of shares required to be covered on the fifteenth day following the date of the Commission’s approval to cover these shares, the provisions of the Instructions to Deal with the Subscription Rights are inapplicable. The subscription right to registered shareholders in the company’s records shall be covered on the end of the fifteenth day following the date of the Commission’s approval to cover these shares.