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Tue, 02 Dec 2008 | 22:38 GMT
 
  Model Restaurants Company 
Last Price   JOD  0.92    -4.17%   02Dec08
 
IPO Facts
  • Type of Offering
  • IPO
  • Status
  • Listed
  • Exchange
  • Amman SE
  • Sector
  • Services
  • Country of Incorporation
  • Jordan
  • Shares Offered
  • 6,250,000
  • Offer Size
  • JOD 6.25M
  • Percentage Offered
  • 25%
  • Issue Price
  • JOD 1.00
  • Total Equity Value
  • JOD 25.00M
  • Minimum Subscription
  • 250 Shares
  • Additional Information
    In case the IPO is not fully subscribed, the founders have the right to cover the remaining shares three days after the end of the subscription period; or have the subscription period prolonged.

    In case the IPO is oversubscribed, shares will be allocated as follows:
    -2,250,000 shares will be allocated equally among subscribers, with a ceiling of 250 shares per subscriber.
    -The remaining 4,000,000 shares will be allocated on a pro-rata basis among subscribers.
 
 
Key Dates
  • Open Date
  • 28Oct07
  • Closing Date
  • 10Nov07
  • Allocation Date
  • 10Dec07
  • Distribution Date
  • 10Dec07
  • Listing Date
  • 11Feb08
 
Advisors
  • Legal Advisor
  • Hadidi and Company
  • Receiving Banks
    Jordan Kuwait Bank, Union Bank for Saving and Investment
 
 
News & Reports
PROSPECTUS & RESEARCH
 
STOCK PERFORMANCE
 
» Charting
Last Price 02Dec08
JOD 0.92
Change
  0.04 ( 4.17%)
Year High / Low
JOD 1.79 - 0.88
Market Cap
JOD 23.00M
 
Performance Overview
  • Over-subscription
  • 60.96 x
  • First Day Open / Close
  • 1.76 / 1.68
  • First Day High / Low
  • 1.78 / 1.68
  • 1st Day Change
  • + 68.00%
  • 1st Month Change
  • + 44.00%
  • Change Since Floatation
  • -8.00%
 
 
Use Of Proceeds
  • The capital raised by the founders and new shareholders will be used as follow:

    -JOD 23.82 million to open restaurant branches and obtain franchises from global restaurant chains.
    -JOD 1.18 million to cover offering costs and operating expenses and finance future investments.
 
 
 
 
 
 
 

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