Last checked at 9 May 2016 10:45
9 May 2016
Yü Group PLC(the "Company")
Posting of circular re proposed capital reduction and notice of general meeting
Yü Group PLC, the independent supplier of gas and electricity to the UK corporate sector, announces that it has posted to shareholders a circular ("Circular") regarding a proposed capital reduction and notice of general meeting.
The Circular has been published further to the statement in the Company's AIM Admission Document dated 11 March 2016, confirming its intention to undertake a reduction of its share premium account in order to create distributable reserves and facilitate the ability to make future payment of dividends.
The Circular contains details of the general meeting to be held at 11.30 a.m. on 26 May 2016 at the offices of DLA Piper, 3 Noble Street, London, EC2V 7EE. A copy of the Circular, dated 29 April 2016, is available of the Company's website: www.yugroupplc.com.
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.