Just Energy Group Inc. (Canada) T.JE

RE:Insider buys

[newtonboy]

$330M CONVERTIBLE DEBENTURES To fund an acquisition in May 2010, Just Energy issued $330 million of convertible extendible unsecured subordinated debentures. The $330m convertible debentures bear an interest rate of 6% per annum payable semi-annually in arrears on June 30 and December 31 in each year, with maturity on June 30, 2017. Each $1,000 principal amount of the $330m convertible debentures is convertible at any time prior to maturity or on the date fixed for redemption, at the option of the holder, into approximately 55.6 shares of Just Energy, representing a conversion price of $18 per share. The debentures may be redeemed by Just Energy, in whole or in part, at a redemption price equal to the principal amount thereof, plus accrued and unpaid interest. During the three and nine months ended December 31, 2015, the Company purchased and retired $1.0 million and $5.5 million, respectively, of convertible debentures and has adjusted the net book value accordingly.