Grant of Options

RNS Number : 0623R

Yu Group PLC

26 February 2019

 

Yü Group PLC

(the "Group" or the "Company")

Grant of Options / Director dealing

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announces the grant of 320,000 share options ("Options") under the Company's share option plan.

70,000 Options have been granted with an exercise price of 109 pence, being the five day volume weighted average price as at close of business on 22 February 2019, to retain and incentivise certain members of senior management.

A further 250,000 Options have been granted to Paul Rawson, Chief Financial Officer, with an exercise price of 0.5 pence. Paul Rawson, who joined the Group on 3 September 2018, is not currently interested in any ordinary shares in the Group.

The Options are due to vest on 25 February 2022, and can be exercised from that time until they lapse on 25 February 2029.     

Following these grants the Company has a total of 893,290 share options outstanding representing 5.5% of the existing issued share capital of the Company.

For further information, please contact:

Yü Group PLC Bobby Kalar Paul Rawson	[phone]
Shore Capital Edward Mansfield Anita Ghanekar James Thomas	[phone]
Alma PR Josh Royston Hilary Buchanan Helena Bogle	[phone]

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	Paul Edwin Rawson
2.	Details of PDMR / person closely associated with them ('PCA')
a)	Position / status	Chief Financial Officer
b)	Initial notification / amendment	26 February 2019
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 £0.005 each ISIN: GB00BYQDPD80
d)	Nature of the transaction	Grant of options
e)	Price(s) and volume(s)	Price(s) Volume(s) 0.5p 250,000
f)	Aggregated information Aggregated volume Price	250,000 0.5p per share
g)	Date of the transaction	25 February 2019
h)	Place of the transaction	N/A

Notes to Editors

Information on the Group

Yü Group PLC, trading as Yü Energy, is an independent supplier of gas, electricity and water focused on servicing the corporate sector throughout the UK. It has no involvement in the domestic retail market. The Group was listed on the AIM market of the London Stock Exchange in March 2016.

 

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