Grant of Options

RNS Number : 8673B

Yu Group PLC

07 April 2017

 

7 April 2017

Yü Group PLC

(the "Group" or the "Company")

Grant of Options

Yü Group PLC, the independent supplier of gas and electricity to the UK corporate sector, announces that further to the announcement on 28 March 2017, it has granted 342,810 share options ("Options") to certain of its executive directors, being 114,270 Options in lieu of the waiver of bonuses in 2016 and 228,540 Options under the Company's annual share option grant 2017.

Director	Options Granted (in lieu of 2016 bonus waiver)	Options Granted (under Company's annual share option grant 2017)	Total Number of Options held following grants	Total Number of Options held as % of issued share capital
Bobby Kalar CEO	43,950	87,900	131,850	0.94
Nick Parker, CFO	35,160	70,320	605,480	4.31
Garry Pickering	35,160	70,320	605,480	4.31
Total	114,270	228,540	1,342,810

The 114,270 Options have been granted with an exercise price of £0.005 and the 228,540 Options at an exercise price of £2.844 being the volume weighted average price as at 28 March 2017. The Options will be exercisable from the third anniversary of the date of grant.  

Following these grants the Company has a total of 1,437,310 share options outstanding representing 10.2% of the existing issued share capital of the Company.

 For further information please contact:

Yu Group PLC	[phone]
Bobby Kalar
Nick Parker
Shore Capital	[phone]
Bidhi Bhoma
Edward Mansfield
Anita Ghanekar
Alma PR	[phone]
John Coles
Hilary Buchanan
Robyn McConnachie

Notes to Editors

Information on the Group

Yü Group is an independent supplier of gas and electricity focused on servicing larger corporate and SME businesses throughout the UK. It has no involvement in the domestic retail market. The Group was founded by Bobby Kalar and is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

 

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