How every date is worked out, and how we check it

Weekend and holiday due dates OPEN

Neither rule book rolls a filing deadline that lands on a weekend or public holiday. The only roll provision either book carries is Main Market Listing Agreement (Appendix 3) para 17.2, and it covers notifications to the Exchange, not filings; fines accrue including weekends and public holidays, so lateness is counted in calendar days. The JSE's own practice has gone both ways: Derrimon's FY2025 due date fell on Sunday 1 March 2026 and the JSE's notice called the statements due on 2 March (rolled), while EduFocal's FY2024 due date fell on Saturday 1 March 2025 and the notice said due 1 March (not rolled).

The product decision, in full. Because the record is inconsistent, the engine rolls nothing. It shows the nominal day exactly as the rule computes it, warns when that day is a weekend or a public holiday, and tells the filer to treat the last business day before it as the real deadline. It does not promise that the JSE will grant the roll, because on the one occasion the JSE granted it, that was the Exchange's choice, not a rule. This note stays OPEN until the JSE's practice or its rule text settles the question.

Source: Main Market Rule Book, Appendix 3 para 17.2; JSE suspension notices for Derrimon (FY2025) and EduFocal (FY2024).

Main Market fines RESOLVED

The Listing Agreement, para 16(v) to (vii) (Main Market Rule Book, printed pp. 97 to 98), sets a fine of J$5,000 per day, counted including weekends and public holidays, for contraventions of Rules 407, 408 and 409, so a late annual report is fined as well as late statements. Para 16(iv) frames the sums as a pre-estimate of loss payable within 7 days of notice, with refusal leading to suspension or delisting. Cross-check against practice: press reported PBS accruing J$5,000 a day from 30 March 2024, and 227 days at that rate is J$1,135,000, matching the reported figure of about J$1.14M. The exact printed total was not found; the arithmetic is consistent.

Source: Main Market Rule Book, Appendix 3 para 16; Jamaica Observer, 11 September 2024.

Main Market Model Code RESOLVED

The Main Market carries the same Model Code at Appendix 7: closed periods of 30 days before quarterly results and 60 days before annual results (para 4(b) and (c), printed p. 114). The notification to the Exchange is 5 working days on both markets; the Junior code was amended to working days effective 28 December 2017. One numbering quirk is on file: the Junior code is headed Part 7 but the 2017 amendment cites it as Appendix 2 Part 8, so cite both if precision matters.

Source: Main Market Rule Book, Appendix 7 paras 4 and 9(b); Junior Market amendment effective 28 Dec 2017.

Audited-only election suspension RESOLVED

Junior Market Appendix 2 Part 4(2)(e) allows suspension when audited financials are not submitted within 90 days of the date they are due. The window runs from the due date, so under the 60-day election the trigger lands around day 150 after year end, not day 180. Practice matches: EduFocal was suspended at roughly day 153 and Derrimon at day 152, while the standard-route Kintyre and Atlantic suspensions came at about day 182. The engine shows due plus 90 as the earliest day the Exchange can act.

Source: Junior Market Rule Book, Appendix 2 Part 4(2)(e); JSE suspension notices 2025 to 2026. A wording gap between a 2026 notice and the rule text is traced under V-10.

Q4 election mechanics RESOLVED

The amendment effective 31 August 2012 requires a Junior Market company to advise the JSE of its fourth-quarter election at the beginning of the third reporting quarter; if the option is unchanged from the year before, no communication is required. Main Market Rule 407 carries the same mechanism. Encoded as the q4-election-notice procedural item, so the reminder fires in the third quarter, not in the fourth when it is too late.

Source: Junior Market Rule Book, Appendix 2 Part 4 amendment effective 31 Aug 2012; Main Market Rule 407.

2027 holiday table OPEN

The JSE's official public-holidays page covered only 2024 to 2026 as at 16 August 2026. The 2027 row in the engine's calendar is therefore derived, using the same derivation that reproduces the JSE's published 2026 table exactly, and it is marked PROVISIONAL until the official table appears. When it does, the derived row is replaced and the planning horizon advances by itself.

Source: jamstockex.com/investors/public-holidays/, checked 16 Aug 2026.

Historical cases RESOLVED

Every suspension, reinstatement and near miss used by the reproduction suite below is encoded with its source: the JSE's own notice where one exists, credible press where it does not, and each case says which. The set covers Derrimon, EduFocal (twice), Equityline, IronRock, PBS, Kintyre, Atlantic and Mailpac, with the reinstatements and one near miss where the JSE exercised discretion and did not suspend. The suite below is the living form of this note.

Key notices: Derrimon suspension, EduFocal suspension, Kintyre and Atlantic joint notice, PBS reinstatement.

Late annual report RESOLVED

Neither market carries an automatic suspension clock for a late annual report. On the Junior Market, Appendix 2 Part 4(3) has no suspension sentence; the suspension triggers live in Part 4(1)(e) and 4(2)(e), which cover the financial statements. On the Main Market the sanction is the para 16(vii) fine plus the Exchange's general suspend-or-delist discretion under Rule 411 A. Practice is consistent: Derrimon filed its FY2023 annual report 211 days after year end with no suspension. The product shows the fine exposure and the discretion, not an invented clock.

Source: Junior Market Rule Book, Appendix 2 Part 4(3); Main Market Rule Book, Rules 409 and 411 A, Appendix 3 para 16(vii).

Companies Act AGM timing RESOLVED

Companies Act 2004, section 126(1), often miscited as s.127 (which is the statutory meeting): an AGM must be held each year, with not more than 15 months between AGMs, and the first AGM within 18 months of incorporation. Section 133F, added by the 2021 amendment, allows a company to apply to extend. Encoded as the agm-annual standing item.

Source: Companies Act 2004 (consolidated), ss. 126(1) and 133F.

Directors' interests and ten largest shareholders RESOLVED

Both disclosure rows in the submission checklist, the shareholdings of directors and senior managers with their connected persons, and the ten largest holdings, are supported by rule text on both markets: Junior Market Appendix 2 Part 4(1)(c)(iii) and (iv) for quarterlies and Part 4(2)(c) for the audited annuals, Main Market Rules 407, 408(ii) and 409. Neither row is customary practice; both are rules on both markets, and the checklist cites them. The July 2026 edition later printed the paragraph letters that the older PDF's text extraction had dropped, confirming the citations exactly as this note had inferred them (V-13). This is a long note; the full citation for each market is laid out in the rule book crosswalk.

Source: Junior Market Rule Book, Appendix 2 Part 4; Main Market Rule Book, Rules 407 to 409; Kintyre Q1 2026 quarterly and 2024 annual report as the practice check.

Main Market foreseeable-delay notice RESOLVED

Main Market Rules 407 and 408(iv) (printed pp. 74 and 75) require a company that can foresee a probable delay in its quarterly or audited annual statements to notify the JSE of the circumstances and the probable extent, and say it should simultaneously advertise the delay to shareholders in the print media. The verbs matter: must notify, should advertise. Rule 409, the annual report, carries no delay-notice paragraph, and the product says so plainly rather than inventing one.

Source: Main Market Rule Book, Rules 407 and 408(iv), checked 18 Aug 2026.

The Micro Market (Junior Market Tier 2) RESOLVED

Appendix 10 of the July 2026 Junior Market Rule Book (printed pp. 93 to 97, effective 13 April 2026) creates the Micro Market for issuers raising between J$50 million and J$100 million. Rules 1001 and 1006(c) put Micro Market issuers on the unchanged Junior Market filing timetable, so the engine encodes no separate micro calendar, and a dedicated test proves the two calendars match row for row. Appendix 10 then adds its own obligations: an annual listing fee due 14 January, a 24-month minimum sponsor term under Rule 1008(b) (widely misreported in press coverage as Rule 1005), a three-month migration clock when capital passes the J$100 million threshold, and standing sponsor, mentor, board and audit-committee duties. No company had listed on the Micro Market as at 18 August 2026, so any Micro Market company shown in the product is illustrative and labelled as such. This is the longest note; every rule number is laid out on the rule book page's Micro Market section.

Source: Junior Market Rule Book, July 2026 edition, Appendix 10, checked 18 Aug 2026.

Edition refresh, July 2026 rule books RESOLVED

The July 2026 editions of both rule books are the current ones, and the rule data moved to them at version jse-2026.1. Appendix 2 Part 4 is substantively identical to the January 2025 edition: the same 45, 60, 90 and 120 day offsets and the same suspension sentences, so no deadline moved; the version bump records a change of edition, not a change of number. The refresh also closed V-10's extraction caveat, because the new PDF prints the paragraph letters the older one dropped, exactly as inferred. The earlier editions stay on file because V-1 to V-11 quote their printed page numbers.

Source: both July 2026 rule book PDFs, checked 18 Aug 2026.