Capital restructuring

Estimated Time:

Two working  days after completing all necessary procedures

Location:

Listing Division

Estimated Fee:

(0.0004) of company’s capital-increase shares, where the collected fees plus annual listing fees should not exceed JD 3000  per annum

1
  • Description
  • Procedures
  • Required Documents
  • Persons benefiting from the service
  • Files
  • Related Services

Reduce the company’s capital then increase it at the same time. The application which submitted by the company shall be reviewed to make sure that it fulfills all the conditions and requirements, then the company’s capital is changed according to particular procedures.

Conditions for obtaining service

- Completing all the necessary procedures at the JSC and the SDC - providing the ASE with capital restructuring requirements - A quittance certificate issued by the Administration and Financial Dept. at the ASE

Notes

none

Partner institutions:

none

Procedures

  • Suspend the company's shares from trading after receiving the approval of the Ministry of Industry and Trade on capital restructuring.
  • Reviewing the application of capital restructuring which submitted by the company to make sure that it contains all required information
  • Completing procedures of capital restructuring at theJSC and the SDC
  • Determining a day to resume trading on the company's shares with floating price and new capital

Required Documents

The application of  company’s capital restructure, including the following:

  • The company's articles of association, memorandum of association after the amendment

  • Names of the shareholders who own (5%) or more of the company's shares

  • The names of the members of the Board of Directors, and names and positions of the top executive management, and the securities owned by any of them or their relatives.

  • The reason of capital reduction.

  • The Approval of the Ministry of Industry and Trade on the capital restructure.

  • Issuance coverage results

  • A copy of the Minutes of the Company's General Assembly meeting regarding the company’s capital restructuring process

  • A copy of the JSC Commissioners’ Board approval on registering the shares ofcapital-increase

  • The Prospectusof the company

  • Equation of shares allocation after capital restructuring

  • A Reviewed financial statements after capital restructuring

Persons benefiting from the service

Listed public shareholding Companies

Files

No Found Files

Related Services

  • Electronic Archiving System (Ezpublish)
  • Management Information System (MIS)
  • Technical support for Market Watch online program
  • Back-up Trading floor at the ASE
  • Auditing on the Brokerage Firms Systems
  • Amending the the Internet Trading program
  • Trading Stations
  • Inquiry Stations
  • SMS Notification System of the executed orders
  • Changing the Companys Name
  • Membership of the ASE
  • Listing of Government bonds, Treasury Bills and Public Institutions Bonds
  • receiving complaints of investors
  • Public Takeover Bid
  • Online Trading Data Dissemination (Feedshop Program)
  • Disseminating data via Ticker Tape on websites
  • Trading Data Dissemination
  • Trading Data Dissemination via mobile phone
  • Trading Data Dissemination via GL screens
  • Trading Data Dissemination via T.V channels
  • Increasing the Company's Capital through Stock Dividends
  • Training students and those who are interested in Securities at the ASE
  • Receiving Delegations from different parts
  • The preparation of the ASE Newsletter
  • Preparing and updating some Introductory brochures for the ASE
  • Organizing Awareness lectures for those who are interested in securities
  • Index Review
  • Annual report of the ASE
  • Trading Reports and bulletins and general information about the listed companies.
  • Answering the inquiries that are received to the ASE
  • Listing of bonds, Treasury Bills and Government Bonds
  • Filling questionnaires received from Arab and international institutions
  • Updating the ASE information on the WFE, FEAS and AFE
  • Providing the AMF with Trading Data
  • Acquisition of a 100% of a company’s capital
  • Activity of non-Jordanian investment at the ASE
  • Merging companies to form a new company
  • Listing of Corporate Bonds Issued by Public Shareholding Companies
  • Decreasing the Capital of a Company
  • Transferring between markets
  • Listing of Islamic Sukuk
  • Listing of Jordanian- Non- Jordanian Closed Investment Fund
  • Practical Training Program on the Electronic Trading System
  • Following up arbitration request submitted according to Amman Stock Exchange directives for dispute resolution
  • Change the Company’s Symbol / Sector
  • Execution of Block Trades
  • Execution of block trades excluded from price thresholds
  • Companies merger when one of them is the merging company and the other is the merged one
  • Answer the inquiries received from the courts and specialized official parties
  • Increasing Capital by private placement
  • Increasing Capital by Strategic investor or public offering or debt capitalization
  • Internet Trading
  • Transactions to sell securities required upon a court sentence or upon request by relevant official parties
  • Was it useful?