The Jamaica Stock Exchange says digital media company iCreate Limited will continue to be suspended despite submitting its outstanding 2022 audited financial statements.
The JSE gave the update in a statement this morning.
On August 21, trading of iCreate's shares on the junior market was suspended, pending the submission of the audited financial statements.
But, the JSE said due to the failure of the company to remedy the breach of JSE Junior Market Rule 503, trading in the shares of iCreate Limited will continue to be suspended.
The rule stipulates, among other things, that entities on the Junior Stock Exchange "shall... have a mentor who shall act as a compliance adviser to the board of the eligible company or the junior market company".