Release the Lock-up on Shares of Capital Increase of the Al Faris National Company For Investment & Export Co.
التاريخ
Ref. : 8/11/3630
Date: 27/07/2017
Memo No.
(76/2015)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Release the Lock-up on Shares of Capital Increase of the Al Faris National Company For Investment & Export Co.
Greetings,
In accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (123/2014) dated 20/04/2014 including the approval of registering the share capital increase of (10,055,910) shares of Al Faris National Company For Investment & Export company with a nominal value of (1) JD per share through offering these shares for private subscription by allocating (4) millions shares for “Consolidated Contractors Co.” and (6,055,910) shares for “Al Nameer Investments Company”, provided that these shares are under lock-up for two years from the re-trade date of the company’s shares at the ASE.
Since the SDC completed the process of decreasing the share capital of the Al Faris National Company For Investment & Export Company on 18/12/2016, the registered capital of the company decreased from (16,000,000) shares to (6,000,000) shares. Therefore, the share capital increase of (10,055,910) shares of Al Faris National Company For Investment & Export company was decreased to be (3,770,966) shares.
Whereas, the SDC will release the lock-up on the shares of capital increase of Al Faris National Company For Investment & Export Company on 28/07/2017 upon the lapse of two year from the re-trade date of the company’s shares at the ASE.
Thereby, the SDC record for Al Faris National Company For Investment & Export 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. |
| 373 | 200001093 | 6,000,000 | 3,770,966 | JO3123211018 | 131232 |
Kind Regards,
Khalil Naser
Chief Executive Officer
