Last checked at 26 Feb 2019 07:00
Yü Group PLC
(the "Group" or the "Company")
Grant of Options / Director dealing
Yü Group PLC (AIM: YU.), the independent supplier of gas, electricity and water to the UK corporate sector, announces the grant of 320,000 share options ("Options") under the Company's share option plan.
70,000 Options have been granted with an exercise price of 109 pence, being the five day volume weighted average price as at close of business on 22 February 2019, to retain and incentivise certain members of senior management.
A further 250,000 Options have been granted to Paul Rawson, Chief Financial Officer, with an exercise price of 0.5 pence. Paul Rawson, who joined the Group on 3 September 2018, is not currently interested in any ordinary shares in the Group.
The Options are due to vest on 25 February 2022, and can be exercised from that time until they lapse on 25 February 2029.
Following these grants the Company has a total of 893,290 share options outstanding representing 5.5% of the existing issued share capital of the Company.
For further information, please contact:
Yü Group PLC Bobby Kalar Paul Rawson
| +44 (0) 115 975 8258
|
Shore Capital Edward Mansfield Anita Ghanekar James Thomas
| +44 (0) 20 7408 4090 |
Alma PR Josh Royston Hilary Buchanan Helena Bogle
| +44 (0) 7780 901 979
|
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 | Paul Edwin Rawson | |||||
2. | Details of PDMR / person closely associated with them ('PCA') | ||||||
a) | Position / status | Chief Financial Officer | |||||
b) | Initial notification / amendment | 26 February 2019 | |||||
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 | Grant of options | |||||
e) | Price(s) and volume(s) |
| |||||
f) | Aggregated information
Aggregated volume
Price |
250,000
0.5p per share
| |||||
g) | Date of the transaction | 25 February 2019
| |||||
h) | Place of the transaction | N/A
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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 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.