Board's Decisions 30/12/2013
08-Jan-2014
On December 30.2013 Jordan Securities Commission (JSC) Board of Commissioners chaired by HE Mr Mohammed Saleh Hourani approved the following:
1. Registering (250) Corporate Bonds of the Capital Bank of Jordan Company at a nominal value of $ (100.000) thousand per Bond, at a total value of $ (25) million and at a maturity date of (6) years, via a Public Offer to the public and enforce the prospectus in condition fees are settled duly.
2. Covering the capital increase in unsubscribed shares of Sheba Metal Casting Company of (31.485) thousand shares at a nominal value of JD (1) per share and allocate them to a number of shareholders whose names are stated in the Company’s Board of Directors decision on November 18.2013 and are indicated below:
Name of Shareholder No. of Shares
Hosni Nabel Al-Asmar 16.977
Zied Fakri Hazynh 1083
Omar Fakri Hazynh 1083
Nader Michel Al-Masanat 6171
Zyad Michel Al-Masanat 6171
Total 31.485
Shares issuance procedures must be fulfilled within at least (10) working days from notifying the Company of the Board’s decision. If any of the above stated shareholders refrain from covering the whole value of the allocated shares or part of them, the remaining unpaid ones will be unsubscribed shares subject to the Commission’s prior to approval to be covered.
Moreover, on January 2.2014 the (JSC) Board of Commissioners chaired by HE Mr Hourani approved to postpone the subscription of Holy Land Insurance Company capital increase in shares in terms of the following:
1. The Company shall advertise about this in the same newspapers wherein the subscription has been advertised.
2. The Company shall inform the Insurance Commission (IC) of its Board of Directors decision to postpone the subscription and that the (IC) does not oppose this. The Company shall provide the (JSC) with any correspondences regarding this.
3. Prepare the Prospectus Appendix in accordance with the provisions of Article (17) of the Instructions to Issuance and Registration of Securities for the year 2005 that is approved by the (JSC) prior to subscription procedures and advertising about it.
4. Notify the (IC) of the (JSC’s) Letter.
Furthermore, on January 7.2014 the (JSC) Board of Commissioners chaired by HE Mr Hourani decided by virtue of the provisions of Article (5) of the Securities Law No. (76) for the year 2002, to register the following securities and to address the Securities Depository Center (SDC) to register them, respectively:
1. Sixty seven issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on December 3.2015, at a value of JD (75) million.
2. Sixty eight issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on December 8.2016, at a value of JD (50) million.
3. Sixty nine issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on December 10.2018, at a value of JD (50) million.
4. Seventy issuance of Jordanian Treasury Bonds for the year 2013 at a maturity date on December 11.2018, at a value of JD (50) million.