Business
| Jun 18, 2024

iCreate to resume trading of shares on JSE

Josimar Scott

Josimar Scott / Our Today

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The Jamaica Stock Exchange (JSE) located on Harbour Street in Kingston.

The Jamaica Stock Exchange (JSE) will allow iCreate Limited, which trades under the symbol ‘ICREATE’ on its junior market, to again trade its ordinary shares come tomorrow (June 19).

In an advisory on its website, the JSE stated 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.”

Since June 13, iCreate has submitted and resubmitted financial statements and documents relating to its shareholding for the financial year 2023. It also provided unaudited financial statements for the first quarter of 2024, which ended on March 31.

In May, the company advised shareholders that the annual report for FY2023, which was originally due on April 30, 2024, should be submitted by the end of this month.

JSE managing director Marlene Street Forrest while pointing out that iCreate is now compliant with the rules of the exchange, noted that “there is no reason for the shares to remain suspended”.

“We are happy to have iCreate compliant again,” she added.

In the meantime, iCreate’s founder and chairman Tyrone Wilson in a statement told Our Today: “We are pleased to report that, through proactive engagement with the Regulatory Market Oversight Division (RMOD) of the Jamaica Stock Exchange, we have fulfilled all regulatory requirements of the Jamaica Stock Exchange and the suspension has been lifted resulting in the resumption of the trading of our stock.

Founder and chairman of iCreate Tyrone Wilson

“iCreate realises the need to prioritise strong corporate governance and financial reporting. By revamping its board structure, establishing independent committees (especially internal audit), strictly adhering to financial standards, and prioritising transparent communication, the company will further build investor confidence.”

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