Trading in Shares of Equityline Mortgage Investments Corporation Limited’s and EduFocal Suspended

• The Jamaica Stock Exchange (JSE) has suspended the trading of shares of two (2) companies for not filing their Audited Financial Statements for 2023.
• Effective at the end of trading on Tuesday, June 4, 2024, trading in the shares of Equityline Mortgage Investments Corporation Limited’s Preference Shares, a Main Market company, and EduFocal Limited’s Ordinary Shares, a Junior Market company, was suspended by the Jamaica Stock Exchange.
• The decision to immediately suspend trading in the shares of Equityline Mortgage Investments Corporation, pending the submission of its 2023 audited statement, is in keeping with JSE’s Main Market Rule 408 (iii) – Audited Annual Financial Statement, which states that “Companies with audited annual financial statements which are ninety (90) days overdue, shall have trading in their shares suspended until the reports are submitted to the Exchange.”
• Additionally, Edufocal Limited was in breach of JSE’s  Junior Market Rule Appendix 2, part 4 (2), which states that Junior Market Companies who do not submit audited financial statements as required by Part 4(2) of Appendix 2 within 90 days of the date on which they are due for submission to the JSE may be suspended from the Junior Market until they can submit the same.
• Mortgage Investments Corporation Limited and Edufocal Limited join iCreate on the list of companies suspended from trading since the start of the year.

 (Source: JSE)