Junior Exchange Voting Share Capital Threshold Moves to $750Mn

• The Income Tax Act will be amended to increase the maximum participating voting share capital of companies listed on the Junior Stock Exchange from $500Mn to $750Mn.
• At the opening of the 2024/25 Budget Debate in the House of Representatives on March 12, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the measures are in an effort to further facilitate growth of the micro, small and medium-sized enterprise (MSME) sector.
• It is anticipated that the increased threshold will have a positive impact on the stock market’s activity as more companies may seek to list to take advantage of the higher share capital.

(Sources: JIS and NCBCM Research)