Jordan Securities Commission Registers New Securities 02/05/2012

On May 2.2012 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 suspend trading of Comprehensive Multiple Transport Company as of May 3.2012 & until further notice. The decision was taken by virtue of the provisions of Article (19) of the Securities Law since the Company General Meeting did not ratify the 2011 financial statements 

The Board of Commission also decided on May 1.2012, 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 11th issuance of National Electricity Company Bonds for the year 2012 at a maturity date on April 15.2017, at a value of JD (150) million & addressing the Securities Depository Center (SDC) to register them.

2. Registration of the 12th issuance of Jordanian treasury Bonds for the year 2012 at a maturity date on April 4.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.

3. Registration of the 13th issuance of Jordanian treasury Bonds for the year 2012 at a maturity date on April 8.2014, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.

4. Registration of the 9th issuance of Jordanian treasury Bills for the year 2012 at a maturity date on April 10.2013, at a value of JD (50) million & addressing the Securities Depository Center (SDC) to register them.

5. Registration of capital increase in shares of Amad Investment & Real Estate Development Company of (1.400.000) million shares, via capitalizing JD (1.400.000) million from returned earnings. Distributing these as free shares to shareholders; each shareholder according to his contribution in the capital, in condition fees are settled as deemed proper.

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:

• Issue a public declaration of registering capital increase in shares. The approval number & date of the Board of Commissioners decision must be indicated clearly.