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Contract Adjustment

Just Energy Group Inc. will undergo a 1-for-33 reverse stock split effective September 17, 2020. As a result, each JE common share will be converted to approximately 0.030303 new JE shares. The option symbol will change from JE to JE1 and the contract multiplier and deliverable will be adjusted accordingly.

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Andrei Firte
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19 views

Contract Adjustment

Just Energy Group Inc. will undergo a 1-for-33 reverse stock split effective September 17, 2020. As a result, each JE common share will be converted to approximately 0.030303 new JE shares. The option symbol will change from JE to JE1 and the contract multiplier and deliverable will be adjusted accordingly.

Uploaded by

Andrei Firte
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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#47560

DATE: SEPTEMBER 9, 2020

SUBJECT: JUST ENERGY GROUP INC. – ANTICIPATED REVERSE SPLIT


OPTION SYMBOL: JE
NEW SYMBOL: JE1
DATE: ????

Just Energy Group Inc. (JE) has announced an anticipated 1-for-33 reverse stock split, in conjunction with
the Plan of Arrangement. As a result of the reverse stock split, each JE Common Share will be converted
into the right to receive approximately 0.030303 (New) Just Energy Group Inc. Common Shares. The
reverse stock split is anticipated to become effective before the market open on September 17, 2020.
Fractional shares will be rounded down to the nearest whole share.

CONTRACT ADJUSTMENT

Effective Date: September 17, 2020???

Option Symbol: JE changes to JE1

Contract
Multiplier: 1

Strike Divisor: 1

New Multiplier: 100 (e.g., for premium or strike dollar extensions 1.00 will equal $100)

New Deliverable
Per Contract: 3 (New) Just Energy Group Inc. (JE) Common Shares

CUSIP: JE (New): 48213W408

PRICING

The underlying price for JE1 will be determined as follows:

JE1 = 0.03 (JE)

DISCLAIMER

This Information Memo provides an unofficial summary of the terms of corporate events affecting listed
options or futures prepared for the convenience of market participants. OCC accepts no responsibility for
the accuracy or completeness of the summary, particularly for information which may be relevant to
investment decisions. Option or futures investors should independently ascertain and evaluate all
information concerning this corporate event(s).
The determination to adjust options and the nature of any adjustment is made by OCC pursuant to OCC
By-Laws, Article VI, Sections 11 and 11A. The determination to adjust futures and the nature of any
adjustment is made by OCC pursuant to OCC By-Laws, Article XII, Sections 3, 4, or 4A, as applicable. For
both options and futures, each adjustment decision is made on a case by case basis. Adjustment
decisions are based on information available at the time and are subject to change as additional
information becomes available or if there are material changes to the terms of the corporate event(s)
occasioning the adjustment.

ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES
AND CORRESPONDENTS ON THE ABOVE.

For questions regarding this memo, call Investor Services at 1-888-678-4667 or email
investorservices@theocc.com. Clearing Members may contact Member Services at 1-800-544-6091 or,
within Canada, at 1-800-424-7320, or email memberservices@theocc.com.

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