Completion of the Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co.
Ref. : 6248/2020
Date: 24/12/2020
Memo No.
(75/2020)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the share capital of the Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co. on Thursday 24/12/2020 to redeem (2,500,000) JOD/share of the company’s accumulated losses as of 31/12/2019. The share capital decrease was conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 17/8/2020 which was granted the approval of the Ministry of Industry, Trade, and Supply on 22/11/2020.
Thereby, the SDC record for the Share Capital Decrease of the National Oil and Electricity Production from Oil Shale Co. indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | National Oil and Electricity Production from Oil Shale Co. | 2,500,000 | 2,500,000 | JO4121611019 | 141216 |
Kind Regards,
Jamal Jallab
Acting Deputy Chief Executive Officer
