Capital Reduction Effective

RNS Number : 0565C

Yu Group PLC

23 June 2016

 

23 June 2016

Yü Group PLC
(the "Company")

Capital Reduction Effective

Yü Group PLC is pleased to announce that, further to its announcements on 9 and 26 May 2016, the cancellation of the Company's share premium account became effective on 22 June following registration of the Court order confirming the capital reduction by the Registrar of Companies.

The Company now has positive distributable reserves and is therefore in a position to be able to pay dividends in future, should it be appropriate to do so.

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.

 

END

 

 

MSCEAXKDALSKEEF