Durrant Pate/Contributor

iCreate has advised of a further delay in the publication of its annual report and audited financial statements for the year ended December 31, 2022.

The company already missed one deadline and has just changed management with founder Tyrone Wilson resigning and a new management team taking the reins of iCreate.

Publication of the report is pursuant to Jamaica Stock Exchange (JSE) Junior Market Rules Appendix 2, Part 4(3) – Published Annual Report and Audited Financial Statements, the Annual Report and the Audited Financial Statements for the financial year ended December 31, 2022.

The report must be published on or before April 30 and March 31 respectively. However, the accounts of iCreate are still being audited.

Reasons for delay

The company, in statement, disclosed that the delays are primarily due to the complex acquisitions, mergers and transactions it undertook in 2022 coupled with the extensive internal auditing, which had to be conducted from last financial year into this financial year ending December 31, 2023. The auditors have indicated that the outstanding audited financial statements can be submitted and published on or before September 30, 2023 and the annual report within 15 days thereafter.

iCreate says it regrets the delay in the submission and publication of the said the annual report and audited financial statements and once again apologises to its shareholders for the inconvenience that this delay has caused.

New management team

The company disclosed that its board met and accepted Wilson’s immediate resignation as president, CEO and board member. Concurrently, the board named an interim leadership team. In this regard, Ivan Carter has been appointed to serve as interim chairman of the ICreate board of directors.

Arlene Martin will serve as interim president and CEO. For its part, the board expressed sincere gratitude to Wilson for his visionary leadership and dedicated service as president, CEO and director. Going forward, he will be an “available resource to the company”.

iCreate says it remains committed to its customers, subsidiary companies, employees, strategic partners, and other obligations and responsibilities as a publicly-traded company.