SJW Group (SJW) Announces Proposed Offering of Common Stock

SJW Group (NYSE: SJW) (“SJW” or the “Company”) announced today that it has commenced an underwritten public offering of 1,030,000 shares of its common stock, par value $0.001 per share, subject to market and other conditions. SJW also intends to grant the underwriters a 30-day option to purchase up to an additional 154,500 shares of its common stock.

SJW intends to use the net proceeds from the offering to repay outstanding indebtedness and for other general corporate purposes, which may include financing infrastructure improvements, other capital expenditures and working capital.

J.P. Morgan is acting as the sole book-running manager for the offering.

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