17 May 2024
Yü Group
PLC
("Yü
Group", the "Company" or the "Group")
Exercise of options, issue of
options, director dealing
and purchase of shares into
treasury
Yü Group PLC (AIM: YU.), the
independent supplier of gas and electricity, meter asset owner, and
installer of smart meters to the UK corporate sector, announces
that it has today issued 254,120 ordinary
shares of 0.5p each ("Ordinary
Shares") in the capital of the Company following the
exercise of options. Paul Rawson, Group Chief Financial Officer,
exercised options over 121,465 Ordinary Shares and Navaz Dean,
Group HR Director, exercised and sold options over 107,116 Ordinary
Shares, with the balance of Ordinary Shares issued to a former
employee.
The Company, utilising its existing
authorities to repurchase its ordinary shares, has today purchased 234,978 Ordinary Shares at a price of
£17.00 to hold in treasury. It is intended that these
Ordinary Shares held in treasury will be utilised to satisfy future
option exercises.
Following the exercise of his
options, Paul Rawson and a Person Closely Associated with him, have
sold in aggregate 199,859 Ordinary Shares. Following these
transactions, Paul Rawson has a notifiable interest in 92,966
Ordinary Shares alongside options over a further 194,885 Ordinary
Shares in the Company and Navaz Dean holds 13,988 Ordinary Shares
alongside options over a further 107,894 Ordinary Shares in the
Company.
Yü Group has also issued 30,000
options to Gary Proctor, Managing Director of Yü Smart, under the
Group's existing Long-Term Incentive Plan. The options have an
exercise price, at par value, of £0.005 and vest on 31 March 2026
subject to the achievement of certain performance
conditions.
Admission to trading and total voting rights
Following admission to trading of
the Ordinary Shares, which is expected to take place on 22 May
2024, the Group's total number of Ordinary Shares in issue will
increase to 17,019,315 and the number of shares held in treasury
will be 234,978 Ordinary Shares representing 1.4% of the Company's issued
share capital. The number of voting rights in the Company will be
16,784,337.
For
further information, please contact:
|
Yü
Group PLC
Bobby Kalar
Paul Rawson
|
+44 (0) 115 975 8258
|
|
Liberum
Edward Mansfield
Satbir Kler
Anake Singh
|
+44 (0) 20 3100 2000
|
|
Teneo
Giles Kernick
|
+44 (0) 20 7353
4200
|
Notes to Editors
Information on the Group
Yü Group PLC is a leading supplier
of gas and electricity focused on servicing the corporate sector
throughout the UK. We drive innovation through a combination of
user-friendly digital solutions and personalised, high quality
customer service. The Group plays a key role supporting businesses
in their transition to lower carbon technologies with a commitment
to providing sustainable energy solutions.
Yü Group has a clear strategy to
deliver sustainable profitable growth (in a £50bn+ addressable
market) and value for all of our stakeholders, built on strong
foundations and with a robust hedging policy. The Group has
achieved a compound annual growth rate of over 60% over the last
four years, and has consistently improved margin and profitability
performance. In 2023 the Group launched Yü Smart and Yü Charge to
support growth through new opportunities in smart metering
installation.
Pursuant to the notification
obligations in accordance with Article 19 of the Market Abuse
Regulation (MAR):
|
1.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Name
|
Navaz Dean
|
|
2.
|
Reason for notification
|
|
a)
|
Position / status
|
Group HR Director
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Yü Group PLC
|
|
b)
|
LEI
|
213800ACO9GDDBM7DS35
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
|
|
c)
|
Description of the financial
instrument
|
Ordinary shares of 0.5p
each
ISIN: GB00BYQDPD80
|
|
d)
|
Nature of the transaction
|
Exercise of options and sale of
Ordinary Shares
|
|
e)
|
Price(s) and volume(s)
|
Exercised
|
|
Price(s)
|
Volume(s)
|
|
1.
|
582.5p
1038.0p
109p
0.5p
|
13,500
7,000
10,000
76,616
|
Sold
|
|
Price(s)
|
Volume(s)
|
|
1.
|
1700p
|
107,116
|
|
|
f)
|
Aggregated information
Aggregated volume
Price
|
Exercised 107,116 options at
151.8p
Sold 107,116
Ordinary Shares at 1700p
|
|
g)
|
Date of the transaction
|
17 May 2024
|
|
h)
|
Place of the transaction
|
XLON
|
|
|
|
| |
|
1.
|
Details of PDMR / person closely associated with them
('PCA')
|
|
a)
|
Name
|
Paul Rawson
|
|
2.
|
Reason for notification
|
|
a)
|
Position / status
|
Chief Financial
Officer
|
|
b)
|
Initial notification /
amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Yü Group PLC
|
|
b)
|
LEI
|
213800ACO9GDDBM7DS35
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place
where transactions have been conducted
|
|
c)
|
Description of the financial
instrument
|
Ordinary shares of 0.5p
each
ISIN: GB00BYQDPD80
|
|
d)
|
Nature of the transaction
|
Exercise of options and sale of
Ordinary Shares
|
|
e)
|
Price(s) and volume(s)
|
Exercised
|
|
Price(s)
|
Volume(s)
|
|
1.
|
866.5p
0.5p
|
6,539
114,926
|
Sold
|
|
Price(s)
|
Volume(s)
|
|
1.
2.
3.
|
1700p
1700p
1764.397p
1764.397p
|
60,733 (Paul Rawson)
55,126 (Paul Rawson)
56,596 (Laura Streets)
27,404 (Paul Rawson)
|
|
|
f)
|
Aggregated information
Aggregated volume
Price
|
Exercised 121,465 options at
47p
Sold 199,859
Ordinary Shares at 1,727.07p
|
|
g)
|
Date of the transaction
|
17 May 2024
|
|
h)
|
Place of the transaction
|
XLON
|
|
|
|
| |