Posting of circular and notice of general meeting

RNS Number : 6502X

Yu Group PLC

09 May 2016

 

9 May 2016

Yü Group PLC
(the "Company")

Posting of circular re proposed capital reduction and notice of general meeting

Yü Group PLC, the independent supplier of gas and electricity to the UK corporate sector, announces that it has posted to shareholders a circular ("Circular") regarding a proposed capital reduction and notice of general meeting. 

The Circular has been published further to the statement in the Company's AIM Admission Document dated 11 March 2016, confirming its intention to undertake a reduction of its share premium account in order to create distributable reserves and facilitate the ability to make future payment of dividends. 

The Circular contains details of the general meeting to be held at 11.30 a.m. on 26 May 2016 at the offices of DLA Piper, 3 Noble Street, London, EC2V 7EE. A copy of the Circular, dated 29 April 2016, is available of the Company's website: www.yugroupplc.com.

For further information, please contact:

Yü Group PLC Bobby Kalar Nick Parker	[phone]
Shore Capital Bidhi Bhoma Edward Mansfield Anita Ghanekar	[phone]
Alma PR Josh Royston Hilary Buchanan John Coles	[phone] [phone] [phone]

Notes to Editors

Information on the Group

Yü Energy 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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