JSE Re-Instates Trading Of ICreate Limited’s (ICREATE) Shares

• iCreate Limited, which trades under the symbol ICREATE on the Jamaica Stock Exchange, resumed trading of its ordinary shares effective Wednesday, June 19, 2024.
• According to JSE’s Monthly Regulatory Report - February 2024, the company was suspended effective January 18, 2024, in keeping with JSE Junior Market Rule 505 – Ongoing Requirements, Section 14 – Delisting or Suspension 14 (a) (i), due to its failure to comply with the requirements of JSE Junior Market Rule Appendix 4 – Admission Agreement, Paragraphs 2 and 4.
• iCreate has since published a series of adjustments and addendums to its audited financial statements for the periods 2019-2023 and also included the outstanding shareholdings listing of Directors, Senior Managers and Connected Persons.
• The Jamaica Stock Exchange (JSE) advises that iCreate Limited has addressed all outstanding issues that led to the suspension of trading in its shares on the JSE on January 18, 2024. Therefore, the JSE has lifted the suspension of trading in the ordinary shares of iCreate Limited as the Company is now compliant with the Rules of the JSE.
• iCreate reported a net loss of $2.18Mn in its most recent quarter ending March 31, 2024,  which represents a $9.63Mn (or 81.5%) improvement relative to $11.81Mn loss in the prior period. This improvement was attributed to its acquisition of Visual Vibe.com, which delivered $14.0Mn in profit before tax, representing a $9.0Mn (or 178.7%) increase relative to March 2023. iCreate’s stock price closed at $0.41 before its suspension.
• iCreate’s stock price closed at $0.41 before its and has since increased by 19.5% to close Wednesday’s trading session at $0.49.

(Sources: JSE and NCBCM Research)