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Pin to quick picksYu Energy Regulatory News (YU.)

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Grant of Share Options

18 Mar 2025 07:01

RNS Number : 0202B
Yu Group PLC
18 March 2025
 

18 March 2025

YÞ Group PLC

("YÞ Group", the "Company" or the "Group")

 

Grant of share options

 

YÞ Group PLC (AIM: YU.), the independent supplier of gas, electricity, meter asset owner and installer of smart meters to the UK corporate sector, announces the grant of 420,000 share options (the "Options") over ordinary shares of 0.5 pence each ("Ordinary Shares") to five persons discharging managerial responsibilities ("PDMRs"), under the Group's Long-Term Performance Share Plan. The Options have an exercise price of 1,503p per Option, being equal to the weighted average price over the 5 days prior to the finalisation of the targets by the Company's Remuneration Committee, and vest on 31 March 2028.

 

The options are subject to the achievement of performance targets related to profit, revenue and smart meter growth, which are assessed over the performance period between 2025 to 2027. If performance is below a qualifying level, then no options shall vest. Options will vest at 50% to 100% between the qualifying level and a stretch target, and shall fully vest if the stretch targets on all performance conditions are met.

 

The 420,000 Options have been granted to the PDMRs as follows:

 

Director/PDMR

Existing options over Ordinary Shares held

Number of Options granted

Total options held following grant

% of current issued share capital held under options

Bobby Kalar, CEO

567,062

140,000

707,062

4.15%

Paul Rawson, CFO

194,894

100,000

294,894

1.73%

Navaz Dean, Group HR Director1

107,894

60,000

167,894

0.99%

David Crowe, MD YÞ Energy

132,894

60,000

192,894

1.13%

Gary Proctor, MD YÞ Smart

30,000

60,000

90,000

0.53%

 

Following today's grant of Options, the Company currently has options outstanding over a total of 1,584,681 Ordinary Shares, representing 9.31% of the Company's current issued share capital.

 

The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation are appended further below.

 

 

1 A person closely related to Navaz Dean has options over a further 7,894 shares.

 

- Ends -

 

YÞ Group PLC

Bobby Kalar

Paul Rawson

 

 

+44 (0) 115 975 8258

 

Panmure Liberum

Bidhi Bhoma

Edward Mansfield

Satbir Kler

Gaya Bhatt

 

+44 (0) 20 3100 2000

Teneo

Giles Kernick

 +44 (0) 20 7353 4200

 

 

 

 

Notes to Editors

Information on the Group

YÞ 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.

YÞ Group has a clear strategy to deliver sustainable profitable growth (in a ÂĢ50bn+ addressable market) and value for all of our stakeholders, built on strong foundations and with a robust hedging policy. The Group has achieved a compound annual growth rate of over 60% over the last four years, and has significantly improved margin and profitability performance. In 2023 the Group launched YÞ Smart to support growth through new opportunities in smart metering installation.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.

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

a)

Name

Bobby Kalar

2.

Reason for notification

a)

Position / status

Chief Executive Officer 

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

YÞ 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

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

1,503p exercise price

140,000

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

18th March 2025

 

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

 

1.

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

a)

Name

Paul Rawson

2.

Reason for notification

a)

Position / status

Chief Financial Officer 

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

YÞ 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

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

1,503p exercise price

100,000

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

18th March 2025

 

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

 

1.

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

a)

Name

Navaz Dean

2.

Reason for notification

a)

Position / status

Group HR Director

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

YÞ 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

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

1,503p exercise price

60,000

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

18th March 2025

 

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

 

1.

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

a)

Name

David Crowe

2.

Reason for notification

a)

Position / status

MD YÞ Energy

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

YÞ 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

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

1,503p exercise price

60,000

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

18th March 2025

 

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

 

1.

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

a)

Name

Gary Proctor

2.

Reason for notification

a)

Position / status

MD YÞ Smart

b)

Initial notification / amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

YÞ 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

e)

Price(s) and volume(s)

Price(s)

Volume(s)

1.

1,503p exercise price

60,000

f)

Aggregated information

- Aggregated volume

- Price

 

 

n/a

n/a

g)

Date of the transaction

18th March 2025

 

h)

Place of the transaction

Outside a trading venue - grant of options

 

 

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END
 
 
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