Just Energy Reverse Stock Split

Just Energy (JE) has undergone a 1-for-33 reverse stock split effective September 29th, 2020.

This means that any JE shares you held before September 29th have been updated. Your shares have been divided by a factor of 33, while the price has increased by a multiple of 33 to prevent any change in capital.

Please note that your average price per share will also increase by the split factor of 33, as well as any graphs used on financial tracking websites to ensure it’s comparable following the split.

You can find more information on this reverse stock split on Just Energy’s news brief here: Just Energy’s Consolidation Details

Any fractional shares generated from this split have been allocated cash in lieu of shares as Wealthsimple Trade does not offer fractional shares or round-ups caused by splits. You may view this activity on your September monthly statement which will be available in your account on October 15th, 2020.