Durrant Pate/Contributor

The Jamaica Stock Exchange (JSE) has lifted the suspension of trading in the ordinary shares of local innovative tech and digital learning company EduFocal Limited.

The lifting of the suspension, which is effective Friday (December 5), comes as the company, which trades under the name LEARN, has submitted all its outstanding financials, both audited and unaudited financial statements.

$.LEARN was immediately suspended on June 3 for the late submission of its 2023 audited financial statements and was 94 days late in submitting its 2024 audited financial statements. The company’s 2024 audited financial statements were due on March 1. 

The imposition of the suspension was in keeping with the Junior Market Rule Appendix 2, Part 4 (2) (e). Earlier in 2024, trading was suspended in EduFocal’s shares on the JSE Junior Market for the late submission of its 2023 audited financial statements for the period ended December 31, 2023, which were more than 90 days overdue. 

Trading was resumed after the company corrected this regulatory breach. EduFocal has faced a series of executive shake-ups of late, with the sudden resignation of key board members such as long-time chairman, Peter Levy, who resigned effective June 13, and Grace Lindo, who resigned effective November 15.

Following the voluntary withdrawal of Baker Tilly Strachan Lafayette, which has served as the company’s auditors since 2021, Garcia Campbell & Associates has since been appointed in their stead.

In the meantime, Harry Campbell has been appointed a director and chairman of the board, effective September 2. Campbell is an accomplished technology executive with over 20 years of experience driving digital transformation across the financial, energy, and public sectors.