Just Energy Announces Postponement of Special Meetings of Securityholders and Annual General Meeting of Shareholders
TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) — Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders to enable the Company to continue ongoing discussions with certain of its debtholders. The Company anticipates providing an update later in the day.
The special meeting of shareholders and applicable creditor classes was originally set for August 25, 2020 to consider and vote on the Company’s plan to recapitalize the business via a Plan of Arrangement under the Canada Business Corporations Act, initially announced on July 8, 2020.About Just Energy Group Inc.Just Energy is a consumer company focused on essential needs, including electricity and natural gas health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and TerraPass. Visit https://investors.justenergy.com/ to learn more. Also, find us on Facebook and follow us on Twitter.FORWARD-LOOKING STATEMENTSNeither the Toronto Stock Exchange nor the New York Stock Exchange has approved nor disapproved of the information contained herein.FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Financial Officer
Phone: (617) 982-0475
[email protected]Source: Just Energy Group Inc.