Just Energy Announces Sale of Assets in Georgia and the Closing of the Sale of the Irish Business
-- Cost control efforts implemented in fiscal 2019 and earlier in fiscal 2020 have begun to yield results; total annualized cost savings initiatives announced so far in fiscal 2020 of approximately C$60 million, net of costs associated with severance and the strategic review process.
Just Energy Announces Senior Debt Covenant Amendment and Suspension of the Dividend on its Series A Preferred Shares
Just Energy Group Inc. ("Just Energy" or the "Company") (TSX:JE) (NYSE:JE) announced today that it has amended its senior secured credit facility to increase the senior debt to EBITDA covenant ratio from 1.50:1 to 2.00:1 for the third quarter of Fiscal 2020. In addition, the Company has amended the covenants on its senior unsecured term loan facility to increase the senior debt to EBITDA covenant ratio from 1.65:1 to 2.15:1 for the third quarter of Fiscal 2020. Both changes are effective only for the third quarter of Fiscal 2020 and the covenants will revert to the prior levels following December 31, 2019.
Just Energy Announces Closing of the Sale of its UK Operations
Just Energy Group Inc. ("Just Energy" or "the Company") (TSX:JE) (NYSE:JE) is pleased to announce that it has closed its previously announced sale of Hudson Energy Supply UK Limited ("Hudson UK") to Shell Energy Retail Limited.
Just Energy Announces the Date of Second Quarter Fiscal 2020 Results
Just Energy Group, Inc. (TSX:JE; NYSE:JE) today announced that it will release operating results for the second quarter of fiscal 2020 after market close on Nov. 6, 2019. The Company will host a conference call and live webcast with R. Scott Gahn, Just Energy's chief executive officer, and Jim Brown, chief financial officer to review the fiscal second quarter results beginning at 10:00 a.m. Eastern Time on Nov. 7, 2019.
Morganti & Co. Reminds Canadian Based Investors That It Represents Investors in a Shareholder Class Action Lawsuit Against Just Energy Group
Morganti & Co., P.C., a cross border shareholder's rights law firm, is representing investors in a shareholder class action lawsuit against Just Energy Group Corp. (TSX:JE) ("JE" or "Just Energy") seeking to recover money resulting from the drop in share price on July 23, August 5, and August 15, 2019.
Just Energy Group Inc. Announces September Dividend for Its Series A Preferred Shares
Just Energy Group Inc. ("Just Energy") filed notice with the Toronto Stock Exchange and the New York Stock Exchange today announcing that its board of directors declared a cash dividend for its 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares ("Series A Preferred Shares") for the quarter ending September 30, 2019. A quarterly dividend of USD $0.53125 per Series A Preferred Share will be paid on September 30, 2019 to Series A Preferred Shareholders of record at the close of business on September 16, 2019. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.
Just Energy Comments on Inaccuracies in Recent Globe and Mail Article
Just Energy Group Inc. (TSX:JE; NYSE:JE) ("Just Energy") announced today that the Globe and Mail article dated August 25, 2019 with respect to Just Energy contained inaccuracies, and Executive Chair, Rebecca MacDonald, would like to clarify.