ICREATE Limited Suspended Once Again

• The Jamaica Stock Exchange (JSE) has issued an advisory to the public that it has decided to immediately suspend trading in iCREATE Limited’s (ICREATE) shares due to its failure to comply with the requirements of the JSE Junior Market Rule.
• This is in keeping with the provisions of JSE Junior Market Rule 505 – Ongoing Requirements, Section 14 – Delisting or Suspension 14 (a) (i).
• It states that “The JSE may, in its absolute discretion, delist or suspend trading of the admitted participating voting shares and other admitted securities of a Junior Market Company if the Junior Market Company fails or ceases to comply with any of the requirements of the Admission Agreement, or any of the statements made in the Declaration for Admission, or this Rule 505;”
• The company's trading activities were also suspended in August 2023 for failing to submit its audited financial statements on time.
• The notice of suspension will remain in force until iCREATE has responded to the satisfaction of the JSE to all matters concerning its compliance with the JSE Junior Market Rules.

(Source: JSE