amman stock exchange otc
E. When the ASE is informed of the Minister of Industry and Trade's decision to change the company's legal status or written it off from the Ministry of Industry and Trade's records. A- The shares issued in the Hashemite Kingdom of Jordan and registered with the JSC and The SDC shall be traded in the OTC Market unless they are listed and traded at the ASE in accordance with the Listing Securities Directives in force. The company's shares shall be returned to trading after the demise of the suspension reasons, by virtue to a decision issued by the same authority that issued the suspension decision. These Directives shall be called "Directives of The Over-The-Counter Market at the Amman Stock Exchange Company for the year 2018" and shall come into force as of 1/8/2018.
A quarterly report compared to the same period of the previous fiscal year which includes the company's financial statements reviewed by its auditor, within one month from end of the relevant quarter. In the event of any discrepancy between the two languages, the Arabic version shall prevail, for the purpose of interpretation and implementation. The Board of Directors shall handle any case not stipulated in these Directives and shall take the necessary decisions in respect thereof.
C. The company that is allowed to be traded in the OTC Market shall pay all fees and charges owed to the ASE on their maturity dates. Companies that have fulfilled the conditions for listing at the ASE, after submitting an application to list their shares at the ASE and the completing all necessary procedures. Suspension of trading cases determined by the JSC or the ASE if the suspension decision does not include permission for the trading in the OTC Market. The company's annual report which includes its Board of Directors' report, the company's audited financial statements and the auditors' report, within a maximum period of three months as from the end of its fiscal year. A- The company that is allowed to be traded in the OTC Market shall provide the ASE with the reports, statements and information indicated below in the forms of hard and soft copies: 1. The OTC-Traded securities shall be transferred from the OTC Market to the ASE's organized markets in the two following cases: • Demising the Reasons of suspension from trading in the organized market and a period not less than three month should have been elapsed from its trading in the (OTC) market.
5. C. When the ASE is informed of the voluntary liquidation resolution passed by the company's extraordinary general assembly. OTC-Traded companies should disclose the following data: • Information and decisions passed by them, which might affect the price of the share.
Terms and Conditions for the Use of Amman Stock Exchange Website, © 2020 Amman Stock Exchange - All Rights Reserved, Membership By-law of the ASE for the Year 2018, Directives of listing the Islamic Finance Sukuk, The Regulating Directives for Trading in Unlisted Securities, Instructions for Allowances and Fees for Services Provided by ASE to Others, Directives of Trading with Securities at the Amman Stock Exchange, Instructions for investigation, inspection and auditing, Corporate Governance Directives for the year 2017, Bases of providing live trading data to ASE's members, Directives of The Over-The-Counter Market. The OTC Securities are permitted to trade within ( + 10%) thresholds of the reference price. 4.
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