Director/PDMR Shareholding

RNS Number : 2317K

Yu Group PLC

20 December 2022

 

20 December 2022

Yü Group PLC

("Yü Group" or the "Group")

Grant of Options

Director/PDMR dealing

Yü Group PLC, the independent supplier of gas, electricity and water to the UK corporate sector announces that it has granted new share options to certain PDMR's under the Group's performance share plan.

The Group announces the award of a total of 837,000 options over ordinary shares of 0.5p each ("Ordinary Shares"), with an exercise price at par value. The vesting of shares, from 31 March 2026, requires achievement of certain stretching business performance conditions, with such conditions set and to be monitored by the Remuneration Committee. The assessment against performance conditions will result in a zero award of options below a qualifying level, increasing to a full award depending on performance against these stretch targets.

In addition, the Group announces that a further 1,578 Ordinary Shares have been granted under the Save As You Earn Scheme announced 2 December 2022, at an option price of £2.28 per share. 

Notification and public disclosure of transactions by PDMRs pursuant to the EU Market Abuse Regulations are included below.

For further information, please contact:

Yü Group PLC Bobby Kalar Paul Rawson	[phone]
Liberum Edward Mansfield William Hall Cara Murphy	[phone]
Tulchan Group Giles Kernick Olivia Peters Oliver Norgate	[phone]

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 SME and 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.

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	1.  Bobby Kalar 2.  Paul Rawson 3.  Navaz Dean 4.  Adam Young 5.  David Crowe 6.  Stuart Convery
2.	Details of PDMR / person closely associated with them ( 'PCA')
a)	Position / status	1.  Chief Executive Officer 2.  Chief Financial Officer 3.  Human Resources Director 4.  Digital Marketing & Transformation Director 5.  Managing Director, BU Retail 6.  Managing Director, BU Smart
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	Grant of options under performance share plan
e)	Price(s) and volume(s)	Price(s) Volume(s) 1. 0.5p 250,000 2. 0.5p 187,000 3. 0.5p 100,000 4. 0.5p 100,000 5. 0.5p 125,000 6. 0.5p 75,000
f)	Aggregated information Aggregated volume Price	837,000 0.5 pence
g)	Date of the transaction	20 December 2022
h)	Place of the transaction	Outside trading venue

 

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