Last checked at 20 Dec 2022 07:00
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 | +44 (0) 115 975 8258
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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)
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) |
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f) | Aggregated information Aggregated volume Price |
837,000 0.5 pence | ||||||||||||||||||||||
g) | Date of the transaction | 20 December 2022
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h) | Place of the transaction | Outside trading venue
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