Completion of the Share Capital Decrease of the Jordan Wood Industries (jwico) Co.
Ref. : 6374/2020
Date: 30/12/2020
Memo No.
(78/2020)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Completion of the Share Capital Decrease of the Jordan Wood Industries (jwico) Co.
Greetings,
Kindly be informed that the SDC has completed the process of decreasing the Jordan Wood Industries (jwico) Co. on Wednesday 30/12/2020 to redeem (4,000,000) 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 20/5/2020 which was granted the approval of the Ministry of Industry, Trade, and Supply on 22/12/2020.
Thereby, the SDC record for the Jordan Wood Industries (jwico) Co. indicates the following:
| # | Company Name | No. of shares decreased | Registered Share Capital |
ISIN
|
Company No. |
| 1. | Jordan Wood Industries (jwico) Co. | 4,000,000 | 1,000,000 | JO4103811017 | 141038 |
Kind Regards,
Jamal Jallab
Acting Deputy Chief Executive Officer
