The Jamaica Stock Exchange (JSE) has moved to suspend iCreate Limited from trading shares on its junior market index, in its second strike on the beleaguered digital firm in less than five months.

The JSE, in a brief notice on Thursday evening (January 18), advised that iCreate “failed to comply” with ongoing requirements as stipuled in section 14 (a) (i) of Rule 505 in the junior market rule book.

“The notice of suspension shall 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,” the domestic stock market regulator disclosed.

iCreate, led by returning CEO Tyrone Wilson, ran afoul of the JSE’s admission agreement, specifically paragraphs two and four from Appendix 4.

The ongoing requirements, according to the rule book, demand iCreate “respond promptly” to compliance verification purposes and for the company to “deal with the JSE in an open and co-operative way”.

A debt-laden iCreate was previously hit with a shares trading suspension on August 21, 2023, when the company was found to be in breach of Appendix 2, part 4(2).

• READ: JSE suspends trading of iCreate shares

The JSE, at the time, indicated that iCreate failed to submit its long-overdue 2022 audited financial statements, having missed the previous end of December 2022 deadline.

Hit by the trading suspension just a week after parting ways with founder Tyrone Wilson, iCreate Limited offered to publish audited statements no later than September 30.

The suspension was later lifted in mid-October.

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