Jamaica Stock Exchange

4 Business View Caribbean our exchange and is domiciled otherwise, the compa- ny would have had to be listed on a major exchange in its own jurisdiction. “In terms of capital, the company must bring to the market 20 percent of the ownership of that company; for the main market it must be in the hands of 100 shareholders, and for the junior market, 20 percent of the ownership of the company must be in the hands of, at least, 25 shareholders. And the reason for this is so that there can be ‘float’ in the market - the Articles of Incorporation must state that the shares are freely transferable. The company must also be bound by the listing agreement of the Jamaica Stock Exchange in terms of pre-listing and post-listing requirements. The company must produce its quarterly financial state- ment, its annual financial statement, audited finan- cials, and its annual report on a timely basis. Other than that, it follows normal rules of the Exchange or