Walter M. Higgins III to Join the Board of Directors of Just Energy Group Inc; Decides to Suspend Its Common Share Dividend Until Further Notice; Announces Plans to Dispose of the U.K. Business
As part of the strategic review the board of directors has decided to suspend its common share dividend until further notice.
While Just Energy remains focused on best in class service to its customers, the strategic review has provided insights into how best to unlock value from the business through a comprehensive review of capital expenditures, streamlining the organization, enhance internal controls, and further refinement of the geographic footprint. As part of this process the Company has decided to dispose of the U.K. business.