Public Takeover Bid

Estimated Time:

After completing all the necessary procedures


Listing Division and Operations Division

Estimated Fee:


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

Investor who interested in acquiring 40% or more of a Public Issuer’s securities.

Conditions for obtaining service

The minimum limit for the number of shares sought for acquisition through the public takeover bid is not less than (40%) of the shares of the company whose shares are sought for acquisition. The bidder shall appoint a financial services company to manage the public takeover bid operation. Publish the contents of the disclosure report at least twice in two local daily newspapers.



Partner institutions:



  • Suspend trading on the company whose shares are sought for acquisition.
  • The public takeover bid shall be conducted by means of a specific mechanism that allows brokers to enter the sell orders at a specific price. Then, the requests are collected.
  • The person who wishes to acquire the shares shall pay a sum, equal to the highest price at which shares were purchased, to all the sellers.
  • Resume trading on the company’s share after the completion of the procedures with the Jordan Securities Commission and the Securities Depository Center and submitting an application to re-trade its shares.

Required Documents

  • Submit a disclosure report that includes:
  • Information about the person who interested in acquiring  the shares.
  • Information about the company whose shares are sought for acquisition
  • The number of shares owned by the person who interested in acquiring  the shares.
  • The minimum and maximum limit for number of shares sought for acquisition through the public takeover bid and the percentage each represents in the capital of the company whose shares are sought for acquisition
  • The price at which the bidder wishes to execute the acquisition, given that this is a preliminary price.
  • The objectives of the takeover bid in detail.
  • The name of the financial services company that will manage the public takeover bid operation
  • A written request to resume trading from the company whose shares are sought for acquisition, attached by the company's board of directors names, and the securities owned by any of them or their relatives.

Persons benefiting from the service



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
  • 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
  • Capital restructuring
  • 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?