Just Energy Announces Reliance on Temporary Regulatory Relief for Filing First Quarter Fiscal 2021 Financial Statements

TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Just Energy Group Inc. (“Just Energy” or the “Company”), announces that it is utilizing the extension period provided under Ontario Instrument 51-505 - Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“Instrument 51- 505”), and similar extension periods provided for by the Canadian Securities Administrators in the other provinces and territories of Canada, for (i) filing its financial statements comprising its interim financial report, and related management’s discussion and analysis for the Company’s first quarter of Fiscal 2021 ending June 30, 2020 (collectively, the “First Quarter Fiscal 2021 Filings”), and (ii) compliance with the delivery requirements of applicable securities laws relating to the First Quarter Fiscal 2021 Filings.  Just Energy expects to file the First Quarter Fiscal 2021 Filings on or about August 24, 2020.

The Canadian Securities Administrators have announced temporary relief from certain regulatory filings required to be made on or before August 31, 2020. This blanket relief is implemented through Instrument 51-505 and similar orders made in the other provinces and territories of Canada which, in light of COVID-19 and its impact on market participants, provides a 45-day extension for periodic filings normally required to be made by issuers during the period from June 2, 2020 to August 31, 2020.

The Company is continuing to work diligently towards completing and filing the First Quarter Fiscal 2021 Filings. Until Just Energy has filed the First Quarter Fiscal 2021 Filings, members of Just Energy’s management and certain other insiders are subject to a trading black-out period as per its internal Insider Trading Policy that is consistent with the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that, other than disclosed in prior press releases, there have been no material business developments since the filing on July 8, 2020 of the Company’s audited annual financial statements and related management’s discussion and analysis for the fiscal year ended March 31, 2020.

About Just Energy Group Inc.

Just Energy is a consumer company focused on essential needs, including electricity and natural gas health and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. Just Energy is the parent company of Amigo Energy, EdgePower Inc., Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and TerraPass. Visit https://investors.justenergy.com to learn more. Also, find us on Facebook and follow us on Twitter.