Just Energy Group Inc. Announces December Dividend
TORONTO, ONTARIO -- (Marketwire) -- 12/03/12 -- Just Energy Group
Inc. (TSX:JE)(NYSE:JE) filed notice with the Toronto Stock Exchange
and the New York Stock Exchange today announcing its December
dividend. A dividend of Cdn. $0.10333/common share (Cdn. $1.24
annually) will be paid on December 31st, 2012 to shareholders of
record at the close of business on December 17th, 2012. This dividend
is designated as an "eligible dividend" for Canadian income tax
purposes. The common shares trade on the Toronto Stock Exchange and
the New York Stock Exchange under the symbol "JE".
Just Energy also reports that at December 31st, 2012 the conversion
price for each Cdn. $1,000 of its outstanding 6% convertible
unsecured subordinated debenture issued on October 2, 2007
(TSX:JE.DB.A) has been adjusted in accordance with the Trust
Indenture dated December 2, 2007, as supplemented from time to time,
to Cdn. $27.21 convertible into 36.76 common shares of Just Energy
Just Energy Group Inc.
Established in 1997, Just Energy is primarily a competitive retailer
of natural gas and electricity. With offices located across the
United States, Canada and, commencing in July 2012, the United
Kingdom, Just Energy serves close to 2 million residential and
commercial customers through a wide range of energy programs and home
comfort services, including fixed-price or price-protected energy
program contracts, the rental of water heaters, furnaces and air
conditioners and the installation of solar panels. The Company's
JustGreen(R) products provide consumers with the ability to help them
reduce the environmental impact of their everyday energy use. Just
Energy is the parent to Amigo Energy, Commerce Energy, Hudson Energy,
Hudson Energy Solar, National Home Services, Momentis, Tara Energy
and Terra Grain Fuels.
Just Energy's press releases may contain forward-looking statements
including statements pertaining to customer revenues and margins,
customer additions and renewals, customer attrition, customer
consumption levels, general and administrative expenses, dividends,
distributable cash and treatment under governmental regulatory
regimes. These statements are based on current expectations that
olve a number of risks and uncertainties which could cause actual
results to differ from those anticipated. These risks include, but
are not limited to, 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 and decisions by regulatory
authorities, competition and dependence on certain suppliers.
Additional information on these and other factors that could affect
Just Energy's operations, financial results or dividend levels are
included in Just Energy's annual information form and other reports
on file with Canadian securities regulatory authorities which can be
accessed through the SEDAR website at www.sedar.com, on the U.S.
Securities Exchange Commission's website at www.sec.gov or through
Just Energy's website at www.justenergygroup.com.
Neither the Toronto Stock Exchange or the New York Stock Exchange has
approved nor disapproved of the information contained herein.
Just Energy Group Inc.
Ms. Beth Summers, C.A.
Chief Financial Officer
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