Just Energy Group Inc. Announces Strategic Review Process
The Board of Directors has appointed its Strategic Initiatives Committee, comprised of all of the independent directors, to oversee the Strategic Review, with the assistance of
This Strategic Review is not expected to have an impact on customers, suppliers or employees of
The Company has not established a definitive timeline to complete the Strategic Review, no decisions related to any strategic alternative have been reached at this time and there is no assurance that a transaction will result from the Strategic Review. The Company does not intend to comment further with respect to the Strategic Review unless and until it determines that additional disclosure is appropriate in the circumstances and in accordance with the requirements of applicable securities laws.
This press release contains forward-looking statements, including with respect to the Strategic Review and the ability to unlock shareholder value. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to the results of the Strategic Review and whether any transaction will result therefrom or otherwise be implemented by the Company, general economic and market conditions, levels of customer natural gas and electricity consumption, rates of customer additions and renewals, rates of customer attrition, fluctuations in natural gas and electricity prices, changes in regulatory regimes, results of litigation and decisions by regulatory authorities, competition and dependence on certain suppliers. Additional information on these and other factors that could affect
FOR FURTHER INFORMATION PLEASE CONTACT:
Chief Strategy Officer
Phone: (416) 367-2238
Phone: (617) 982-0475
Source: Just Energy Group Inc.