Grant of Options

RNS Number : 3865K

Yu Group PLC

10 April 2018

 

Yü Group PLC

(the "Group")

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 6 March 2018, it has granted 147,778 share options ("Options") to certain of its employees and the executive directors.

In respect of the executive directors 43,160 Options have been granted in lieu of bonuses in 2017 and 62,618 Options have been granted under the Company's annual share option grant.

Director	Options held prior to grant	Options Granted (in lieu of 2017 bonus waiver)	Options Granted (under Company's annual share option grant 2018)	Total number of Options held following grant	Total number of Options held as % of issued share capital
Bobby Kalar CEO	131,850	16,570	24,084	172,504	1.06%
Nick Parker, CFO	105,480	13,295	19,267	138,042	0.85%
Garry Pickering, COO	105,480	13,295	19,267	138,042	0.85%
Total		43,160	62,618	448,588

The Options have been granted with an exercise price of £10.38 being the five day volume weighted average price as at 9 April 2018. The Options will be exercisable from the third anniversary of the date of grant.  

Following these grants the Company has a total of 612,088 share options outstanding representing 3.77% 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]
Dru Danford
Edward Mansfield
Anita Ghanekar
Alma PR	[phone]
John Coles
Josh Royston
Robyn Fisher

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 is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.

 

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