Eppley Limited Graduates From the Junior Market to Main Market

  • Eppley Limited (EPLY) has successfully applied for the graduation of its listed securities on the Jamaica Stock Exchange 
  • Effective the 31st of December 2018, all securities listed on the junior market trading platform of the JSE will be listed on the main market of the JSE and will continue to trade on that platform 
  • The company's graduation reflects its growth, increasing scope and ability to comply with the governance standard applicable to companies listed on the main market 
  • At the point of graduation, the company will no longer benefit from the junior market tax incentive under the income tax act. Nevertheless, since it is an approved venture capital company under section 36A of the income tax act, it is not expected that its effective corporate tax rate will be adversely affected by the graduation. 

(Source: JSE Press Release)