Name of service
Recipients of Service
Listed Public Shareholding Companies
Available Forms to Perform Service
Capital restructure application form
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 .
Requirements and Conditions of 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
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 of capital-increase
The Prospectus of the company
Equation of shares allocation after capital restructuring
A Reviewed financial statements after capital restructuring
Steps and procedures for implementing the service
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 the JSC and the SDC
Determining a day to resume trading on the company's shares with floating price and new capital
(0.0004) of company’s capital-increase shares, where the collected fees plus annual listing fees should not exceed JD 3000 per annum
Approximate Time for Completing the Service
Two working days after completing all necessary procedures