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Just Energy Up Nearly 2% As Receives TSX Approval of Share Buyback

Just Energy Group Inc. (JE.TO) edged higher by almost 2% to $9.91 on Tuesday afternoon from yesterday's $9.75 close, trading near day high $9.99, after announcing today that the Toronto Stock Exchange has accepted a notice filed by the company of its intention to make a normal course issuer bid to purchase its common shares.

The company said it may, during the 12 month period commencing December 16, 2011 and ending December 15, 2012, purchase on the Toronto Stock Exchange as well as alternative trading systems to over 13 million shares in total, being approximately 10% of the "public float" of shares.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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