Release the Lock-up on Shares of Capital Increase of the Injaz For Development & Projects Co.
التاريخ
Ref. : 8/11/3878
Date: 13/08/2017
Memo No.
(83/2017)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Release the Lock-up on Shares of Capital Increase of the Injaz For Development & Projects Co.
Greetings,
In accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (138/2016) dated 30/05/2016 including the approval of registering the share capital increase of (10,250,000) shares of Injaz For Development & Projects Company by allocating these shares for “Mr. Ziad Khalaf Mohammed Al-Manaseer”, provided that these shares are under lock-up for one year from the completion date of the issuance procedures at the JSC.
The ownership of these shares will be transferred to the “Al-Manaseer Group for Industrial and Trade Investments Company” based upon the decision of the Board of Commissioners of the JSC's no. (211/2016) dated 23/08/2016.
Since the SDC completed the process of registering the share capital increase of the company through capitalization on 05/06/2017. Therefore, the allocated shares to ” Al-Manaseer Group for Industrial and Trade Investments Company” will be increased to (10,968,226) shares under lock-up instead of (10,250,000) shares.
Whereas, the SDC will release the lock-up on the shares of capital increase of Injaz For Development & Project Company on 14/08/2017 upon the lapse of one year from the completion date of issuing these shares at the JSC.
Whereas, the SDC will release the lock-up on the shares of capital increase of Injaz For Development & Project Company on 14/08/2017 upon the lapse of one year from the completion date of issuing these shares at the JSC.
Thereby, the SDC record for the Injaz For Development & Projects Company indicates the following:
Issuer Information | Security Information | ||||
Registration No. | Institution No. | Subscribed Capital | No. of lock-up Shares to be Released |
ISIN
|
Security No. |
104 | 200025642 | 37,720,000 | 10,968,226 | JO4105811015 | 141058 |
Kind Regards,
Khalil Naser
Chief Executive Officer