Release the Lock-up on Shares of Capital Increase of Elzay Ready Wear Manufacturing Co.
Memo No.
(31/2023)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Release the Lock-up on Shares of Capital Increase of Elzay Ready Wear Manufacturing Co.
In accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (60/2022) dated 10/03/2022 including the approval of covering part of unsubscribed capital of Elzay Ready Wear Manufacturing Company which amount to (2,761,691) shares and allocating these shares based upon the JSC's decision dated 28/02/2022, 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 Elzay Ready Wear Manufacturing Company on 09/06/2023 upon the lapse of one year from the completion date of issuing these shares at the JSC.
Thereby, the SDC record for Elzay Ready Wear Manufacturing 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. |
217 | 200012929 | 20,000,000 | 2,761,691 | JO4106111019 | 141061 |
Kind Regards,
Sarah Tarawneh
Chief Executive Officer