Companies that are eligible to list securities on the JSE Any company which is incorporated or registered and operating a business in a CARICOM country, or any company which is listed on a recognized stock exchange may apply to be listed on the Jamaica Stock Exchange, by any one of the following methods:
- Prospectus Issue: An offer to the public by or on behalf of a company at a fixed price.
- Offer for Sale: An offer to the public, by or on behalf of a third party at a fixed price.
- Offer by Tender: An offer to the public, by or on behalf of a company or a third party by tender.
- Placing: An offer through a broker-member of the Exchange to sell the securities of a company to the public.
- Listing by Introduction: Where none of the company’s securities are being offered to the public.
Minimum Listing Requirements
- Total issued share and loan capital of the company should be $200,000 or more with the share capital portion being not less than $100,000.
- Ordinary Shares/Stocks
– The issued nominal value should be $250,000 or more
– Either there is a minimum of 100 share/stockholders holding in their own right not less than 20% or the issued or there are arrangements then in place which the Exchange approves and achieved by the end of business on the first day the securities are listed
- Irredeemable Preference Shares and/or Preference
Shares convertible into Ordinary Shares/Stocks. No application for listing either class of these securities will be considered unless the issued nominal value is $500,000 or more.
Where the application is for a combination of both classes of securities, and provided that no one class is of an issued nominal value of less than $50,000 the total issued nominal values may be aggregated in meeting the minimum requirement of $100,000 of he issued share capital.
- Redeemable Preference Shares and/or Debenture Stocks
No application for listing of either class of these securities will be considered unless the issued nominal value is $100,000 or more. Where the application is for a combination of both classes of securities and provided that no one class is of an issued nominal value of less than $50,000,the total issued nominal values may be aggregated in meeting the minimum requirement of $100,000.
Indicative process for admission of a company to the Junior Market
- Complete application for listing
- Statutory Declaration by Officers
- Appointment of a Transfer Agent
- Personal Information Form for each officer, director promoter and insider.