Private Subscription

Private subscription is one of the ways to increase the capital of the public shareholding company, and this subscription is directed to a specific category, whether the company's shareholders or others, as decided by the company's general assembly.

Persons benefiting from the service

Public Shareholding Company.

Conditions of obtaining the service
  1. The company should be a public shareholding company, member of the Securities Depository Center
  2. The company should obtain the necessary approvals from the Companies Control Department and the Jordan Securities Commission to make the increase.
Required Documents
  1. The approval of the company’s general assembly to increase its capital.
  2. A letter from the Companies Control Department including the approval of the Ministry of Industry, Trade and Supply to increase the company’s capital.
  3. The approval of the JSC’s Board of Commissioners to register the share capital increase at the JSC.
  4. The memorandum and articles of associations authenticated by the general controller of companies.
  5. The prospectus of the share capital increase.
  6. The period specified for private subscription, the commencement and termination date.
  7. A copy of the letter directed to the JSC including notifying of the subscription’s termination
Procedures
  1. Applying for registration of the share capital increase with the Securities Depository Center immediately after the registration of the share capital increase with the Jordan Securities Commission through the private subscription.
  2. Verifying the completeness of the documents.
  3. Informing the SDC’s members of the date of executing of the capital increase through a memo issued for this purpose.
  4. Carrying on the share capital increase of the concerned company.
  5. Informing the concerned public shareholding company of the completion of the increase process and provide them with the shareholder register for matching balances and ownership restrictions (lien and pledge).
  6. The SDC collects the fees for increasing the capital from the public shareholding company.
  7. Informing the JSC, ASE and SDC’s members that the SDC completed the procedures of the increase.
  8. Making the shares of the increase available for trading on the electronic SDC's systems after receiving a memo from the ASE in this regard.
Estimated Time

One business day

Location

Headquarter of the SDC

Partner institutions

None.

Estimated Fees

The SDC shall collect fees of the capital increase through private subscription in accordance with the provisions of Article (8/A) of the internal by-law of the Securities Depository Center’s Proceeds.

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