Just Energy Announces Reliance on Temporary Regulatory Relief for Filing Annual Financial Statements
June 24, 2020 Email This Story Copyright 2010-20 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Just Energy Group Inc. issued a news release stating that, "Just Energy Group Inc. ('Just Energy' or the 'Company'), announces that it is utilizing the extension period provided under Ontario Instrument 51-505 - Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 ('Instrument 51- 505'), and similar extension periods provided for by the Canadian Securities Administrators in the other provinces and territories of Canada, for (i) filing its annual financial statements and related management’s discussion and analysis for the Company’s fiscal year ended March 31, 2020 (collectively, the 'Annual Filings'), and (ii) compliance with the delivery requirements of applicable securities laws relating to the Annual Filings."
"The Canadian Securities Administrators have announced temporary relief from certain regulatory filings required to be made on or before August 31, 2020. This blanket relief is implemented through Instrument 51-505 and similar orders made in the other provinces and territories of Canada which, in light of COVID-19 and its impact on market participants, provides a 45-day extension for periodic filings normally required to be made by issuers during the period from June 2, 2020 to August 31, 2020. Just Energy expects to file the Annual Filings by no later than July 7, 2020," Just Energy said
"The Company is continuing to work diligently towards completing and filing the Annual Filings. Until Just Energy has filed the Annual Filings, members of Just Energy’s management and certain other insiders are subject to a trading black-out period as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions," Just Energy said
"The Company confirms that, other than disclosed in prior press releases, there have been no material business developments since the filing on February 10, 2020 of the Company’s interim financial report for the period ended December 31, 2019," Just Energy said