Jordan Securities Commission Registers new securities 12/05/2011
15-May-2011
On May 10.2011 Jordan Securities Commission (JSC) represented by its Board of Commissioners & chaired by Dr. Bassam Saket, decided to approve new securities registration to a number of companies. Provisions of Article (5) of the Securities Law No. 76 for the year 2002 stipulate that: ‘Every Issuer in the Kingdom shall submit to the Commission an application for registering securities therewith in accordance with the Instructions issued by the Board’. By virtue of this Article every issuer of securities is obliged to submit to the (JSC) an application to register these securities & to have (JSC) prior approval.
The Board of Commissioners approved the following:
1. Registration of the 16th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on October 21.2012, at a value of JD (40.1) million & addressing the Securities Depository Center (SDC) to register them.
2. Registration of the 17th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on October 26.2012, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
3. Approve the registration of the 6th issuance of Housing & Urban Development Corporation bills at a maturity date on April 28. 2012, at a value of JD (15) million & address the Securities Depository Center (SDC) to register them.
On May 11.2011, the Board of Commissioners approved the following:
1. Approve a (30) day trading extension to purchase issued ‘Treasury Stocks’ for Union Land Development Corporation. The extension starts once the Corporation announces this decision, in condition this is the last extension & the start time of the keeping period is from first purchase until last extension period.
2. Approve a (30) day trading extension to purchase issued ‘Treasury Stocks’ for Union Bank. The extension starts once the Bank announces this decision, in condition this is the last extension & the start time of the keeping period is from first purchase until last extension period.
3. Cease or suspend trading in Amwal Invest Company as of May 12.2011 until further notice, as is stipulated by the provisions of Article (19) of the Securities Law.