Just Energy Group Inc. (“Just Energy”) or (the “Company”) (TSX:JE; NYSE:JE) confirms that it received two shareholder proposals, on February 28, 2020 – the deadline for shareholder proposals to be included in the management information circular for the 2020 annual general meeting of shareholders of the Company, by the Robert L. Snyder Trust – 2005 Stream (“Snyder”). Pursuant to the shareholder proposals, Snyder has proposed to increase the number of directors of Just Energy from six to eight, and to nominate six directors as candidates for election to the Just Energy Board of Directors (the “Board”) at the Company’s 2020 Annual Meeting of Shareholders.
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Just Energy Group Inc. (“Just Energy” or the “Company”) (JE) (JE) announced that on March 23, 2020 it received written notification from the New York Stock Exchange ("NYSE") that it was not in compliance with the standard set forth in Rule 802.01C of the NYSE Listed Company Manual that requires listed companies to maintain an average closing share price of at least US$1.00 over a consecutive 30 trading-day period. This notification is not discretionary and is sent when a listed company’s share price falls below the NYSE’s minimum price listing standard.
Just Energy Group Inc. (“Just Energy” or the “Company”) (JE) (JE) announced today that it will hold its annual and special meeting of shareholders (the “Meeting”) on August 11, 2020. The meeting will deal with normal course matters, matters related to the requisition for a special meeting of shareholders received by Robert L. Snyder Trust – 2005 Stream (“Snyder”) and any other necessary business. The date selected reflects the impact of the ongoing COVID-19 pandemic, associated restrictions on public gatherings, and the difficulties in holding a potentially contested virtual-only meeting in Canada.
TORONTO, Jan. 27, 2020 -- Just Energy Group, Inc. (TSX:JE; NYSE:JE) today announced that it will release operating results for the third quarter of fiscal 2020 prior to market.
Just Energy Group Inc. (“Just Energy” or the “Company”) today announced that it has sold all of the shares of Just Energy Japan KK (“Just Energy Japan”) to Astmax Trading, Inc. The purchase price was nominal, as the business was still in its start-up phase with more liabilities than assets and had fewer than 1,000 customers. “The sale of Just Energy Japan further exemplifies the Company’s commitment and focus to optimize the organization and concentrate on its North American operations,” said Scott Gahn, President and Chief Executive Officer of Just Energy. “The sale eliminates ongoing funding requirements for the Japanese business, as we continue to focus on our business continuity plans during these unprecedented times and on the health and safety of our employees, customers and communities.”
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Previously Announced Strategic Review Remains Active and is Progressing; Decision Anticipated No Later Than June 30, 2020Base EBITDA from Continuing Operations of $38.0.
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Just Energy Group has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
Just Energy Group Inc. (“Just Energy” or the “Company”) today announced that due to delays in accounting closing procedures, audit procedures and other operations resulting from the COVID-19 pandemic, the Company will release its audited annual financial statements and related management discussion and analysis for fiscal 2020 on June 29, 2020. The Company will host a conference call and live webcast with Scott Gahn, Just Energy’s Chief Executive Officer, and Jim Brown, Chief Financial Officer, to review the fiscal fourth quarter and year-end results beginning at 10:00 a.m. Eastern Time on June 29, 2020. A webcasted replay for the call will also be archived on the Just Energy investor relations website a few hours after the event.
Just Energy Group Inc. (“Just Energy” or the “Company”) (JE) (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 2.15:1 and the total debt to EBITDA covenant from 3.50:1 to 4.00:1 for the fourth quarter of the Company’s fiscal year ended March 31, 2020 (the “fourth 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 2.30:1 and the total debt to EBITDA covenant from 3.50:1 to 4.25:1 for the fourth quarter of Fiscal 2020. Both changes are effective for the fourth quarter of Fiscal 2020 and the covenants will revert to the prior levels following March 31, 2020.
In the latest trading session, Just Energy (JE) closed at $1.59, marking a -0.63% move from the previous day.
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Just Energy's (JE) fiscal third-quarter 2020 earnings are likely to have benefited from focus on high-margin North American operations and cost-saving initiatives.
Just Energy Group Inc. (“Just Energy”) or (the “Company”) (TSX:JE; NYSE:JE) confirms that on March 17, 2020 it received a letter from the Robert L. Snyder Trust – 2005 Stream (“Snyder”), a shareholder beneficially holding more than 5% of the common shares of Just Energy, requisitioning a Just Energy shareholder meeting. Just Energy is currently reviewing the request and will respond in due course. The Company’s previously announced strategic review remains active and Just Energy expects to announce the outcome of the review by June 30, 2020.
Just Energy Group Inc. (“Just Energy” or the “Company”) today provided a business update relating to the impact of the COVID-19 pandemic on its business, which it has been closely monitoring and assessing. The Company has taken a number of steps to ensure the health and safety of its employees, customers and communities, including suspending door-to-door selling, in-store retail partnerships and all business travel, as well as requiring employees to work from their homes unless required for business continuity. Just Energy also provided an update on its previously announced strategic review process, which has taken into account the impact of COVID-19 on the Company and the markets more generally.
Just Energy (JE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.