Just Energy Provides Update On Listing Of Its Shares
March 16, 2021 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Just Energy Group Inc. ('Just Energy' or the 'Company') today announced that it has given notice to the Toronto Stock Exchange (the 'TSX') that the Company will voluntarily delist its common shares from the TSX.
"This action is being taken by the Company in response to the TSX notifying the Company that the TSX would be conducting a review of the eligibility for continued listing on TSX of the Company’s common shares as a result of the Initial Order granted to the Company under the Companies’ Creditors Arrangement Act ('CCAA') and related order in the United States," Just Energy said
"The Company plans to apply to the TSX Venture Exchange (the "TSX-V") to transition the trading of its common shares from the TSX to the TSX-V. While the Company expects that trading in its shares will transition from the TSX to the TSX-V, there is no guarantee that the TSX-V will approve the trading in the Company’s shares or that such transition will occur," Just Energy said
"The delisting of the Company’s common shares does not impact the Company’s continued business operations or services to its customers across North America," Just Energy said
"We remain focused on supporting our customers and working with our stakeholders and dedicated employees as we move forward through the process," said Scott Gahn, Just Energy’s President and Chief Executive Officer.