Jordan Securities Commission Registers New securities 18/07/2011
19-Jul-2011
On July 18.2011 Jordan Securities Commission (JSC) Board of Commissioners, 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 15th issuance of Jordanian Treasury bills for the year 2011 at a maturity date on December 14.2011, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
2. Registration of the 16th issuance of Jordanian Treasury bills for the year 2011 at a maturity date on December 16.2011, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
3. Registration of the 18th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on May 12.2013, at a value of JD (29.6) million & addressing the Securities Depository Center (SDC) to register them.
4. Registration of the 19th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on May 19.2013, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
5. Registration of the 20th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on May 31.2013, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
6. Registration of the 21st issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on June 9.2013, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
7. Registration of the 22nd issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on June 21.2014, at a value of JD (19) million & addressing the Securities Depository Center (SDC) to register them.
8. Registration of the 23rd issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on June 23.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
9. Registration of the 24th issuance of Jordanian Treasury bonds for the year 2011 at a maturity date on June 27.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.
10. Registration of the 51st issuance of Water Authority bonds at a maturity date on May 26. 2014, at a value of JD (28) million & address the Securities Depository Center (SDC) to register them.
11. Approve registration of capital increase in shares of Jordanian Management & Consulting Company of (140.000) thousand shares by capitalizing JD (140.000) thousand from returned earnings. Distribute these shares as free shares to shareholders; each shareholder according to his contribution in the capital.
12. Approve registration of capital increase in shares of Jordan Commercial Bank of (2.410.773) million shares by capitalizing JD (2.410.773) million from returned earnings & issuance premium as on December 31st.2010. Distribute these shares as free shares to shareholders; each shareholder according to his contribution in the capital.
13. Approve registration of capital increase in shares of Middle East Insurance Company of (1) million shares by capitalizing JD (1) million from returned earnings. Distribute these shares as free shares to shareholders; each shareholder according to his contribution in the capital.
On July 19.2011, the Board of Commissioners approved the following:
1. Registration of capital increase in shares of Jordan Dubai Islamic Bank of (14) million shares by:
* Capitalizing JD (10.605.800) million representing whole issuance premium.
* Capitalizing JD (3.394.200) million from voluntary reserves & distribute these shares as free shares to shareholders; each shareholder according to his contribution in the capital.
2. Registration of capital increase in shares of Jordan Press Foundation/Al-Ra’I of (2.5) million shares at an issuance price of JD (6) per share, representing the share nominal value of JD (1) added to it the issuance premium of JD (5). Offering these shares to the Company shareholders through public offer & affecting the relevant prospectus.