Date: 01/06/2022

On Wednesday 01/06/2022 the SDC has completed the process of registering the share capital increase of (2,761,691) shares of the Elzay Ready Wear Manufacturing Company

The share capital increase of the said amount reflects allocating these shares to the shareholders mentioned in the Jordan Securities Commission (JSC)’s Board of Commissioners decision no. (123/2022) dated 18/05/2022 and decision no. (60/2022) dated 10/03/2022, provided that these shares are under lock-up for one year from the completion date of the issuance procedures at the JSC.

Thereby, the SDC records of Elzay Ready Wear Manufacturing  Company indicates the raise of its capital from (17,238,309) shares to a registered capital of (20,000,000) shares as a result of the mentioned share capital increase.

The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 26/11/2020 which was granted the approval of the Ministry of Industry, Trade, and Supply on 04/02/2021, and upon the approval of the Jordan Securities Commission on the share capital increase issued on 18/05/2022 and  on 10/03/2022.