Durrant Pate/Contributor

The Jamaican Stock Exchange (JSE) has lifted its suspension of MFS Capital Partners Limited from trading on its junior market, effective Friday (March 7).

As such, trading in the shares has resumed, having been suspended on December 31 last year. All outstanding issues that led to the suspension of trading in MFS shares have now been addressed. 

These included the submission of its audited financial statements for the year ended June 2024 and first quarter unaudited financial statements for the period ended September 30, 2024. 

MFS Capital has agreed to further discussions with the JSE to share a market release on the measures that it has put in place to prevent a recurrence of the issues regarding its financial reporting.

This has since been done and circulated to the market. In light of the company’s compliance, MFS has remedied its breaches of JSE’s Junior Market Rule Appendix 2, Part 4 (1) ( e) & 4 (2) ( e). 

In a regulatory posting, JSE managing director Dr. Marlene Street Forrest commented, “MFS Capital Partners Limited is now in compliance with the rules of the JSE and there is no reason for the shares to remain suspended.”