JSC Approves Covering Capital Increase in Shares of Winter Valley Tourism Investment Company on 14/03/2012
15-Mar-2012
On March 13.2012 Jordan Securities Commission (JSC) chaired by the Board’s Chairman Mr. Mohammad Tash & the membership of the following Commissioners: Deputy Chairman Dr Ahmad Mustafa, Mr. Mansour Haddadin, Mrs. Muna Al-Mufti & Mr. Majd Shafiq, decided to approve covering of unsubscribed capital increase in shares of Winter Valley Tourism Investment Company of (141.651) shares, at a nominal value of JD (1) per share & an issuance deduction of (0.250) Fils via allocating these shares to shareholders listed in the Board of Directors decision on January 30.2012. Shares covering procedures must be fulfilled within a maximum period of (10) working days from notifying the Company of this decision. Afterwards, transfer the ownership of these shares via the Securities Depository Center (SDC).
To regulate the issuance process, its appropriateness & disclosure, the Instructions of Issuance & Registration of Securities for the year 2005 oblige the Company/the Issuer to the following:
Publish at least twice in two local daily newspapers the data & information of the covering process, including its value & parties allotted to them to cover. The approval number & date of the Board of Commissioners decision to cover these shares must be indicated clearly as well as, the (JSC) must be notified.