MFS Capital Partners Limited (MFS) Suspended

• The Jamaica Stock Exchange (JSE) announced that it has decided to immediately suspend trading in the shares of MFS Capital Partners Limited (MFS). JSE’s decision is in keeping with its rules^[1] that state that “A Junior Market company shall submit its audited financial statements… within 90 days of the end of the reporting year” and “… its financial statements … within 45 days of the end of the reporting quarter”.
• MFS Capital Partners Limited (MFS) failed to submit its audited financial statements for the year ended June 30, 2024, to the JSE. The Company’s 2024 audited financial statements was due on September 28, 2024, and is ninety-three (93) days overdue as at December 30, 2024.
• MFS also failed to submit its 1st Quarter Unaudited Financial Statements for the period ended September 30, 2024, which was due on November 14, 2024. As of December 30, 2024, the 1st Quarter Report is forty-six (46) days overdue.
• This suspension follows at least five prior suspensions issued earlier in the year, underscoring the JSE's ongoing efforts to uphold and enforce its regulatory framework.

(Source: JIS)

 ^[1] Junior Market Rule Appendix 2, Part 4 (2) (e) – Audited Annual Financial Statements and JSE Junior Market Rule Appendix 2, Part 4 (1) (e) Quarterly Financial Statements.