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Pin to quick picksYu Energy Regulatory News (YU.)

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Exercise of Options, PDMR Dealing and TVR

27 Sep 2023 07:00

RNS Number : 7325N
Yu Group PLC
27 September 2023
 

27 September 2023

 

Yü Group PLC

("Yü Group" or the "Group")

 

Exercise of Options, PDMR Dealing and Total Voting Rights

 

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity, meter asset owner, and installer of smart meters to the UK corporate sector, announces that Adam Young, Marketing & Transformation Director, has exercised options over 12,769 ordinary shares of 0.5 p each ("Ordinary Shares") in the Company, at an exercise price of 0.5 p each ("Options").

A portion of the Options were exercised by Adam Young on a cashless basis such that 8,769 of the Ordinary Shares being issued pursuant to the exercise have been sold via the Company's broker at a price of 970p each. Some of this sale was made to fund the associated tax charge and the transaction costs incurred by Adam Young on the exercise of Options.

Of the 4,000 Ordinary Shares retained, Adam Young has confirmed his intention to transfer approximately 2,000 shares in his name to his partner, which will be retained in her Individual Savings Account ("ISA"). These shares will be transferred from Adam Young at the market price at the time of completion of the trade.

Following this transaction, Adam Young and persons closely connected will be the beneficial holders of 4,000 Ordinary Shares in the Company. 

Issue of Equity and Admission

 

The Group has made an application to the London Stock Exchange for the admission to trading on AIM for the 12,769 Ordinary Shares. The 12,769 Ordinary 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 2 October 2023.

Total Voting Rights

 

Following this admission, the Group's share capital and total voting rights will comprise 16,727,695 ordinary shares of 0.5p each. The Group does not hold any shares in treasury. Consequently, 16,727,695 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, the Company 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

 

Liberum

Edward Mansfield

Satbir Kler

 

 

+44 (0) 20 3100 2000

Teneo

Giles Kernick

Tom Davies

 +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

Adam Young

2.

Details of PDMR / person closely associated with them ('PCA')

a)

Position / status

Digital Sales & Marketing Director

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 £0.005 each 

ISIN: GB00BYQDPD80

d)

Nature of the transaction

1. Cashless exercise of options over ordinary shares

2. Sale of ordinary shares

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1. 0.5p

 

12,769 Exercise of Options

2. 970p

8,769 Sale of ordinary shares

f)

Aggregated information

Aggregated volume

Price

 

 N/A - Single Transactions

g)

Date of the transaction

26 September 2023

h)

Place of the transaction

Off market transaction

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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