Just Energy Commences Trading On The OTC Pink Market
March 23, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it will commence trading on the OTC Pink Market as of today’s date under the ticker symbol 'JENGQ'.
Earlier, Just Energy announced that it had given notice to the New York Stock Exchange (the 'NYSE') that the Company will not appeal the previously announced recommendation by NYSE staff that the Company be delisted after receiving creditor protection under the Companies’ Creditors Arrangement Act (Canada) from the Ontario Superior Court of Justice (Commercial List) and under Chapter 15 in the United States. As a result, the Company’s common shares were immediately suspended from trading on the NYSE. The NYSE will proceed to file a delisting application with the Securities and Exchange Commission.
The Company also announced that it has applied to the TSX Venture Exchange (the 'TSX-V') to list the Company’s common shares. While the Company anticipates that its application with the TSX-V will be processed within 30 to 60 days, there is no guarantee that the TSX-V will approve the listing.
The changes to the markets on which the Company’s common shares trade do not impact the Company’s continued business operations or services to its customers across North America, Just Energy said