TIDMYU.

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 GBP2.28 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         +44 (0) 115 975 8258 
 Liberum 
  Edward Mansfield 
  William Hall 
  Cara Murphy          +44 (0) 20 3100 2000 
                      --------------------- 
 Tulchan Group 
  Giles Kernick 
  Olivia Peters 
  Oliver Norgate       +44 (0) 20 7353 4200 
                      --------------------- 
 

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)

 
       Details of PDMR / person closely associated with them 
  1.    ( 'PCA') 
 a)    Name                                     1. Bobby Kalar 
                                                 2. Paul Rawson 
                                                 3. Navaz Dean 
                                                 4. Adam Young 
                                                 5. David Crowe 
                                                 6. Stuart Convery 
      ----------------------------------  ------------------------------------------------------- 
       Details of PDMR / person closely associated with them 
  2.    ( '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                Initial notification 
        / amendment 
      ----------------------------------  ------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------------------- 
 a)    Name                                  Yü Group PLC 
      ------------------------------------  ----------------------------------------------------- 
 b)    LEI                                   213800ACO9GDDBM7DS35 
      ------------------------------------  ----------------------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4.    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                      Ordinary shares of 0.5p each 
        the financial 
        instrument                          ISIN: GB00BYQDPD80 
      ----------------------------------  ------------------------------------------------------- 
 d)    Nature of the                       Grant of options under performance share 
        transaction                         plan 
      ----------------------------------  ------------------------------------------------------- 
 e)    Price(s) and                               Price(s)   Volume(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                   837,000 
        Price                                0.5 pence 
      ----------------------------------  ------------------------------------------------------- 
 g)    Date of the transaction             20 December 2022 
      ----------------------------------  ------------------------------------------------------- 
 h)    Place of the                        Outside trading venue 
        transaction 
      ----------------------------------  ------------------------------------------------------- 
 
 

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END

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December 20, 2022 02:00 ET (07:00 GMT)

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