RNS Number : 1140K

Yu Group PLC

22 August 2023

22 August 2023

Yü Group PLC

("Yü Group" or the "Group")

Exercise of Employee Options and Total Voting Rights

Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, announces that is has made an application to the London Stock Exchange for the admission to trading on AIM of 51,808 new ordinary shares of 0.5p each ("New Shares") to satisfy an exercise of options granted under the Yü Group PLC Employee Share Option Plan.

The New Shares will rank pari passu with the Company's existing issued shares and are expected to be admitted to trading on AIM at 8:00a.m. on the 29 August 2023.

Total Voting Rights

Following this admission, the Group's share capital and total voting rights comprises 16,714,926 ordinary shares of 0.5p each and the Group does not hold any shares in treasury. Consequently, 16,714,926 is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

  Yü Group PLC 
   Bobby Kalar 
   Paul Rawson         +44 (0) 115 975 8258 
  Edward Mansfield 
  Satbir Kler 
  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 is a leading supplier of gas and electricity focused on servicing the corporate sector throughout the UK. We drive innovation through a combination of user-friendly digital solutions and personalised, high quality customer service. The Group plays a key role supporting businesses in their transition to lower carbon technologies with a commitment to providing sustainable energy solutions.

Yü Group has a clear strategy to deliver sustainable profitable growth and value for all of our stakeholders, built on strong foundations and with a robust hedging policy. In 2022 the Group launched Yü Smart to support growth through new opportunities in smart metering installation. With a significant opportunity in a GBP50bn+ addressable market, Yü Group continues to deliver on the medium-term goal of GBP500m of revenues with an adjusted EBITDA margin in excess of 5%.

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(END) Dow Jones Newswires

August 22, 2023 09:23 ET (13:23 GMT)

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