Jordan Securities Commission Registers New securities 24/11/2011
24-Nov-2011
On November 22.2011 Jordan Securities Commission (JSC) Board of Commissioners, decided to approve new securities registration for a number of companies. Provisions of Article (5) of the Securities Law No. (76) for the year 2002 stipulates 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 39th issuance of Jordanian treasury bonds for the year 2011 at a maturity date on October 25.2014, at a value of JD (75) million & address the Securities Depository Center (SDC) to register them.
2. Registration of the 40th issuance of Jordanian treasury bonds for the year 2011 at a maturity date on November 1.2016, at a value of JD (50) million & address the Securities Depository Center (SDC) to register them.
3. Registration of capital increase in shares of Jordan Ahli Bank of (23.5) million shares. Enforcing the relevant prospectus for offering these shares to subscription via public offer to the Bank shareholders at a nominal price of JD (1) per share.
4. Registration of capital increase in shares of Invest Bank Company of (14.75) million shares, at an issuance price of JD (1) per share, representing JD (1) of the share nominal value without an issuance premium via public offer to the Bank shareholders. Enforcing the relevant prospectus.
To regulate the process of issuance, its integrity & its disclosure, the Instructions of Issuance & Registration of Securities for 2005 oblige the company/the issuer with the following:
• Publish the context of the announcement for offering these shares to subscription to Company shareholders at least twice, in two local daily newspapers. Indicate clearly, the number & date of the Board of Commissioners approval decision to register these shares.