Just Energy Comments on Inaccuracies in Recent Globe and Mail Article
August 26 2019 - 7:34AM
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.
Ms. MacDonald stated, “The reporter did not
reach out to me or, to my knowledge, any executive at Just Energy
for comment and it is incorrect that I have been seeking a
restructuring. I continue to work with the Board and the Special
Committee on a robust strategic review process and getting the best
outcome for Just Energy’s investors, despite articles such as this
that appear to simply benefit short sellers.” Rebecca MacDonald
continued, “I and Just Energy value our strong relationships with
key shareholders, the most significant of which has not divested of
any common shares. We appreciate their continued support, as we
move forward with our strategic review.”
About Just Energy Group
Inc.
Just Energy (TSX:JE; NYSE:JE) is a leading
consumer company focused on essential needs, including electricity
and natural gas commodities; 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., Green Star Energy, Hudson Energy, Interactive
Energy Group, Just Energy Advanced Solutions, Tara Energy, and
Terrapass. Visit https://investors.justenergy.com to learn
more.
FORWARD-LOOKING STATEMENTSThis
press release may contain forward-looking statements. These
statements are based on current expectations that involve a number
of risks and uncertainties which could cause actual results to
differ from those anticipated. These risks include, but are not
limited to, general economic and market conditions, levels of
customer natural gas and electricity consumption, rates of customer
additions and renewals, rates of customer attrition, fluctuations
in natural gas and electricity prices, changes in regulatory
regimes, results of litigation and decisions by regulatory
authorities, competition and dependence on certain suppliers.
Additional information on these and other factors that could affect
Just Energy’s operations, financial results or dividend levels are
included in Just Energy’s annual information form and other reports
on file with Canadian securities regulatory authorities which can
be accessed through the SEDAR website at www.sedar.com on the U.S.
Securities and Exchange Commission’s website at www.sec.gov or
through Just Energy’s website at www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New
York Stock Exchange has approved nor disapproved of the information
contained herein.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Jim BrownChief Financial OfficerJust
Energy713-544-8191jbrown@justenergy.com
or
Michael CummingsInvestor RelationsAlpha IR Group
617-982-0475michael.cummings@alpha-ir.com
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