RE:RE:Read the info circular As predicted, deal rejected, meeting canceled.
Just Energy Announces Postponement of Special Meetings of Securityholders and Annual General Meeting of Shareholders
TORONTO, Aug. 25, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”) (TSX:JE; NYSE:JE), a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers, today announced the postponement of its special meetings of securityholders and the Annual General Meeting of shareholders to enable the Company to continue ongoing discussions with certain of its debtholders. The Company anticipates providing an update later in the day.
The special meeting of shareholders and applicable creditor classes was originally set for August 25, 2020 to consider and vote on the Company’s plan to recapitalize the business via a Plan of Arrangement under the Canada Business Corporations Act, initially announced on July 8, 2020.