Announcement • Dec 12
Just Energy Group Inc. to Delist from TSX's NEX Board, Effective Dec. 15, 2022 Market Close, Due to Its Failure to Maintain Exchange Requirements Just Energy Group Inc. announced that it will delist from TSX's NEX board, effective Dec. 15, 2022 market close, due to its failure to maintain exchange requirements. The company, which at last look dropped 30% in early December 9, 2022 trading, will suspend trading after Dec. 12, 2022 market close to facilitate the delisting. The delisting is linked to the anticipated Dec. 16, 2022 closing of Just Energy's transaction with lenders under its debtor-in-possession financing facility as part of its proceedings under the Companies' Creditors Arrangement Act. Just Energy also expects to cease trading on the OTC Pink Sheets. Announcement • Dec 03
Just Energy's Common Shares to Be Delisted from Trading on the NEX Board of the TSX Venture Exchange Just Energy Group Inc. announced that the Bankruptcy Court for the Southern District of Texas, Houston Division (the U.S. Court) has granted an order (the Recognition Order) that, among other things, recognizes and gives effect, in the United States, to the previously announced approval and vesting order (the Approval and Vesting Order) granted by the Ontario Superior Court of Justice (Commercial List) on November 3, 2022. The Recognition Order was issued under Chapter 15 of Title 11 of the U.S. Code (the Chapter 15 Proceedings). In connection with the completion of the Transaction, the Company: (i) has applied for an order from Canadian securities administrators that it will cease to be a reporting issuer under Canadian securities laws immediately prior to the effective date of the Transaction; and (ii) will file on the date of the completion of the Transaction to suspend its reporting obligations under U.S. securities laws. Additionally, the Company's common shares will be delisted from trading on the NEX board of the TSX Venture Exchange (NEX) before the closing of the Transaction. To facilitate the delisting of the common shares, it is expected that trading will be halted two trading days prior to closing. The Company's common shares are also quoted on the OTC Pink Sheets. Concurrent with the delisting from the NEX, the Company expects that the common shares will cease trading on the OTC Pink Sheets. Announcement • Nov 05
Just Energy Intends to Submit an Application to De-List Its Common Shares from Trading on the NEX Just Energy Group Inc. (Just Energy or the Company) announced that the Ontario Superior Court of Justice (Commercial List) (the Court) has granted an order (the Reverse Vesting Order) that, among other things, (i) approves the transactions (the Transaction) provided for under the previously announced transaction agreement entered into on August 4, 2022 (as amended from time to time, the Transaction Agreement) among Just Energy and the lenders under the Company's debtor-in-possession financing facility, one of their affiliates and the holder of certain assigned secured claims (collectively, the Purchaser); and (ii) extends the stay period under the Companies Creditors Arrangement Act (the CCAA) to January 31, 2023 (the Stay Extension). The closing of the Transaction is currently expected to occur in December 2022, subject to the recognition of the Reverse Vesting Order in the Company's Chapter 15 case in the Bankruptcy Court of the Southern District of Texas, Houston Division (the U.S. Court), which will be sought on December 1, 2022, and the satisfaction or waiver of the other conditions to closing, including receipt of certain regulatory approvals. On the closing of the Transaction, the Purchaser will own all of the outstanding equity of Just Energy (U.S.) Corp., which will be the new parent company of all of the Just Energy Entities (as defined in the Transaction Agreement, other than those entities excluded pursuant to the terms of the Transaction Agreement), including the Company, and the Just Energy Entities will continue their normal business and operations in the ordinary course. All currently outstanding shares, options and other equity of Just Energy will be cancelled or redeemed for no consideration and without any vote of the existing shareholders. Implementation of the Transaction is subject to the condition that Just Energy, and the other Just Energy Entities, will have ceased to be a reporting issuer under any Canadian or U.S. securities laws, and that no Just Energy Entity will become a reporting issuer under any Canadian or U.S. securities laws as a result of completion of the Transaction. In connection with the completion of the Transaction, the Company intends to: (i) apply for an order from Canadian securities administrators that it will cease to be a reporting issuer under Canadian securities laws immediately prior to the effective date of the Transaction; and (ii) file to suspend its reporting obligations under U.S. securities laws. Additionally, the Company intends to submit an application to de-list its common shares from trading on the NEX on or before the closing of the Transaction. The Company's common shares are also quoted on the OTC Pink Sheets. Concurrent with the delisting from the NEX, the Company expects that the common shares will cease trading on the OTC Pink Sheets. 
