Last checked at 23 Jun 2016 09:00
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
| +44 (0) 115 975 8258
|
Shore Capital Bidhi Bhoma Edward Mansfield Anita Ghanekar | +44 (0) 20 7408 4090 |
Alma PR Josh Royston Hilary Buchanan John Coles |
+44 (0) 7780 901 979 +44 (0) 7515 805 218 +44 (0) 7836 273 660 |
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.