TORONTO, January 26, 2012 - Just Energy Group Inc. (NYSE: JE)
(TSX: JE) is pleased to announce that its common shares have
been approved for listing and trading on the New York Stock
Exchange ("NYSE") commencing on January 30, 2012 under the
trading ticker symbol "JE". The Company's common shares will
continue to be listed for trading in Canada on the Toronto
Stock Exchange under the same symbol.
Ken Hartwick, Just Energy's President and Chief Executive
Officer, stated: "As we currently have more sales in the
United States than Canada, it is the right time for the
Company to take this step to list on the NYSE, one of the
world's premier securities markets. We believe the move to
the NYSE will provide greater access to capital markets and
provide a platform for anticipated future growth. Just Energy
looks forward to the opportunity to broaden its investor base
through the NYSE and to actively bringing the Just Energy
story to U.S. investors as our business continues to
expand."
Rebecca MacDonald, Just Energy's Executive Chair, added: "We
are very pleased to commence our NYSE listing, which we
expect will provide a more liquid and transparent market for
our U.S. investors. The NYSE is the largest, most liquid
market in the world and we are excited about the
opportunities our listing presents for us as we continue to
execute our business strategy."
About Just Energy
Just Energy's business primarily involves the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price, price-protected or variable-priced contracts and green energy products. By fixing the price of natural gas or electricity under its fixed-price or price-protected program contracts for a period of up to five years, Just Energy's customers offset their exposure to changes in the price of these essential commodities. Variable rate products allow customers to maintain competitive rates while retaining the ability to lock into a fixed price at their discretion. Just Energy, which commenced business in 1997, derives its margin or gross profit from the difference between the price at which it is able to sell the commodities to its customers and the related price at which it purchases the associated volumes from its suppliers. Just Energy also offers "green" products through its JustGreen and JustClean programs. The electricity JustGreen product offers the customer the option of having all or a portion of his or her electricity sourced from renewable green sources such as wind, run of the river hydro or biomass. The gas JustGreen product offers carbon offset credits which will allow the customer to reduce or eliminate the carbon footprint of their home or business. JustClean products allow customers in certain jurisdictions to offset their carbon footprint without purchasing commodity from Just Energy. JustClean can be offered in all states and provinces and is not dependent on energy deregulation. Management believes that the JustGreen and
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JustClean products will not only add to profits, but also
increase sales receptivity and improve renewal rates.
In addition, through National Home Services, Just Energy
sells and rents high efficiency and tankless water heaters,
air conditioners and furnaces to Ontario residents. Through
its subsidiary Terra Grain Fuels, Just Energy produces and
sells wheat-based ethanol. Just Energy's subsidiary, Hudson
Energy Solar Corp., is a solar project development platform
with projects in New Jersey, Pennsylvania and
Massachusetts.
Additional information on Just Energy's operations, financial
results or dividend levels are included in Just Energy's
Management's Discussion and Analysis, annual information form
and other reports on file with Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission,
which can be accessed through SEDAR at www.sedar.comand
EDGAR at www.sec.gov,
respectively, or through Just Energy's website at
www.justenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT: Ms. Rebecca
MacDonald
Executive Chair
Phone: (416) 367-2872 or
Mr. Ken Hartwick, C.A.
Chief Executive Officer & President
Phone: (905) 795-3557 or
Ms. Beth Summers, C.A. Chief Financial Officer Phone: (905)
795-4206
distribué par | Ce noodl a été diffusé par Just Energy Group Inc. et initialement mise en ligne sur le site http://www.justenergygroup.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-26 17:17:39 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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