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With the consent of the Securities and Exchange Organization;
“Jam” capital grows to 18 billion

With the consent of the Securities and Exchange Organization;<br /> “Jam” capital grows to 18 billion
Securities and Exchange Organization agreed with capital increase of 30.5 percent for Jam Petrochemical Company from the place of current shareholders' claims and cash investments.

According to the Public Relations of Jam Petrochemical Company, and quoted from the Capital Market News Agency (SENA), capital increase of 4,200 billion rials of Jam Petrochemical Company was announced unimpeded from the amount of 13 thousand and 800 billion Rials to the amount of 18 thousand billion Rials by Securities and Exchange Organization.

Capital increase of Jam Petrochemical Company is due to the compensation of capital expenditures made for participation in raising capital of Pad Jam Polymer Development Company (Private Equity).

It is worth mentioning that regarding the share’s final price of the last day with the amount of 47,180 Rials and a capital increase of 30.5%, the theoretical share price (price after capital increase, without decline or growth) is 36,387 rials.

According to this report, accomplishment of Jam capital increase is feasible up to 60 days after the date of this permission. Not accomplishing the capital increase within the due date, shall cause the annulment of this permission, and doing it requires obtaining a new permission from the organization.

Jan 4, 2021 13:24
Public Relations of Jam Petrochemical Company |
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