Release the Lock-up on Shares of Capital Increase of the Arab Assurers Insurance Co.
التاريخ
Ref. : 8/11/2739
Date: 01/06/2016
Memo No.
(55/2016)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Release the Lock-up on Shares of Capital Increase of the Arab Assurers Insurance Co.
Greetings,
In accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (96/2015) dated 19/05/2015 including the approval of registering the share capital increase of (1,25,000) shares of the Arab Assurers Insurance Company through offering these shares for private subscription by allocating these shares to the shareholders mentioned in the minutes of the company’s extraordinary meeting held on 01/11/2014, provided that these shares are under lock-up for one year from the completion date of the issuance procedures at the JSC.
Whereas, the SDC will release the lock-up on the shares of capital increase of the Arab Jordanian Insurance Group Company on 03/06/2016 upon the lapse of one year from the completion date of issuing these shares at the JSC.
Thereby, the SDC record for The Arab Assurers Insurance Company indicates the following:
Thereby, the SDC record for The Arab Assurers Insurance 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. |
| 300 | 200013383 | 9,215,909 | 1,125,000 | JO2102611016 | 121026 |
Kind Regards,
Khalil Naser
Chief Executive Officer
