The Board of the Jamaica Stock Exchange approved the application for the re-listing of Pulse Investments Ltd. at its regular meeting last month.
The decision to re-list Pulse was made as it met the necessary requirements from the JSE in respect to the application to be listed, these include: application for listing and the provision of all financial and current reports that were outstanding prior to de-listing.
Also taken into account was the fact that Pulse was required, and took the necessary steps to expand its Board to meet JSE Corporate Governance Requirements.
Also taken into account was the fact that Pulse was required, and took the necessary steps to expand its Board to meet JSE Corporate Governance Requirements.
Pulse Investments Ltd. will be listed through the method of ‘introduction’, that is, where none of the company’s securities are offered to the public. This was also based on the fact that Pulse is not attempting to raise capital at the time of listing.
Pulse Investments Ltd. will be listed through the method of ‘introduction’, that is, where none of the company’s securities are offered to the public. This was also based on the fact that Pulse is not attempting to raise capital at the time of listing.
The company, which lists its principal activities when it was first listed in 1993, as “model agency representation, show promotion and grooming school training”, was suspended from trading in 1997 and subsequently de-listed on May 18, 2001. At the time, the company was in breach of Rules 407 and 408 and for a protracted period had not filed the required audited financial statements.
The company, which lists its principal activities when it was first listed in 1993, as “model agency representation, show promotion and grooming school training”, was suspended from trading in 1997 and subsequently de-listed on May 18, 2001. At the time, the company was in breach of Rules 407 and 408 and for a protracted period had not filed the required audited financial statements.
After the company was de-listed it re-structured by merging the assets of Pulse Entertainment into Pulse Investments and liquidated most of its debts by issuing shares to the creditors of Pulse Entertainment.
After the company was de-listed it re-structured by merging the assets of Pulse Entertainment into Pulse Investments and liquidated most of its debts by issuing shares to the creditors of Pulse Entertainment.
