Release the Lock-up on Shares of Capital Increase of the Siniora Food Industries Co.
Ref. : 4988/2025
Memo No.
(33/2025)
Members of SDC of Brokers and Custodians
Dear General Manager,
Subject: Release the Lock-up on Shares of Capital Increase of the Siniora Food Industries Co.
In accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (149/2024) dated 09/05/2024 including the approval of registering the share capital increase of (2,552,941) shares of Siniora Food Industries Company by allocating these shares to “Aswaq for Investment Portfolios” and “Mr. Majdi Kazem Al-sharif”, provided that these shares are under lock-up for one year from the completion date of the issuance procedures at the JSC.
And in accordance with the decision of the Board of Commissioners of the Jordan Securities Commission (JSC) no. (248/2024) dated 16/07/2024 including the approval of registering the share capital increase of Siniora Food Industries Company by capitalization the amount (2,147,059) of the company’s balance of retained earnings and distributing it as a stock dividends to the shareholders, provided that the resulted shares of the allocation are under lock-up of the for the above-mentioned names as of 11/06/2025.
Whereas, the SDC will release the lock-up on the shares of capital increase of the Siniora Food Industries Company on 11/06/2025 upon the lapse of one year from the completion date of issuing these shares at the JSC.
Thereby, the SDC record for the Siniora Food Industries Company indicates the following:
Issuer Information | Security Information | ||||
Registration No. | Institution No. | Subscribed Capital | No. of lock-up Shares to be Released |
ISIN
|
Security No. |
459 | 200100256 | 32,700,000 | 2,732,344 | JO4122211017 | 141222 |
Kind Regards,
Sarah Tarawneh
Chief Executive Officer