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Just Energy Group Inc. Message Board

  • cohen_hs cohen_hs Apr 29, 2013 11:28 AM Flag

    US investors can re-invest dividends into JE starting 5/1

    TORONTO, ONTARIO--(Marketwired - April 29, 2013) - Just Energy Group Inc. ("Just Energy") (TSX:JE)(NYSE:JE) announced today that effective May 1, 2013 it has replaced its Dividend Reinvestment and Share Purchase Plan (the "Predecessor Plan") with a new Plan called the Dividend Reinvestment and Optional Share Purchase Plan (the "New DRIP Plan"). In principle the New DRIP Plan is the same as the Predecessor Plan except shareholders resident in the United Sates may now participate. Shareholders currently enrolled as Plan Participants need not take any action. They will automatically continue to be enrolled under the New DRIP Plan.
    Shareholders holding a minimum of 100 Just Energy common shares ("Shares") may acquire additional Shares of Just Energy in the New DRIP Plan as follows:
    a. Through the reinvestment of regular monthly dividends on Shares
    currently @ $0.84 per year payable as to $0.07 per month per Share on
    all or any part of their Shares; or
    b. Once enrolled in the NEW DRIP Plan, through optional cash payments of up
    to $10,000 per month per Plan Participant (subject to a minimum of $500
    per month) and a maximum per Plan Participant of $100,000 per year
    ($40,000 per year in the case of plan participants residing in the
    United States).
    Shareholders not already enrolled in the Predecessor Plan must contact the broker who is a CDS or DTC participant to enroll. Once enrolled, participation in the Plan will continue automatically unless terminated.
    Shares will, at the direction and discretion of Just Energy, either be (i) issued directly from the treasury of Just Energy based on the election of Just Energy in which later case the price of the Plan Shares is based on the simple average closing price for shares on the 5 trading days preceding the applicable dividend payment date less a discount of 2%; or (ii) be purchased by Computershare Trust Company of Canada (the Plan Agent) through the facilities of the Toronto Stock Exchange (the "TSX"), in which case the price

 
JE
5.30+0.04(+0.76%)Jan 26 4:02 PMEST

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