Last checked at 2 Dec 2022 07:00
2 December 2022
Yü Group PLC
("Yü Group" or the "Group")
SAYE Option Plan & PDMR Dealing
Yü Group PLC, the independent supplier of gas, electricity and water to the UK corporate sector is pleased to announce that it has launched a Save As You Earn ("SAYE") plan for all eligible employees. Under the SAYE plan, employees have been offered the opportunity to participate in the future growth of the Company through the granting of share options.
Eligible employees were invited to subscribe for options over ordinary shares of 0.5 pence each ("Ordinary Shares") with an exercise price of 228 pence per Ordinary Share, representing a 20 percent discount to the closing mid-market price of the Ordinary Shares on 11 November 2022, being the business day prior to opening of the SAYE scheme for application. The options have a savings contract start date of 1 December 2022 and are exercisable between 1 January 2026 and 1 July 2026.
A total of 55 employees have elected to participate in the SAYE plan and, pursuant to this, a grant of 178,478 options over Ordinary Shares has been made on 1 December 2022, equating to 1.1 percent of the current issued share capital of 16,649,618 Ordinary Shares.
The Company's following PDMRs and PCAs, Bobby Kalar, Paul Rawson, Navaz Dean, Zara Azam, David Crowe, Stuart Convery and Adam Young participated in the SAYE plan and in total were granted 48,153 options at an exercise price of 228p.
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. Zara Azam 5. David Crowe 6. Stuart Convery 7. Adam Young | |||||||||||||||||||||||||
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. Spouse of Human Resources Director 5. Managing Director, BU Retail 6. Managing Director, BU Smart 7. Digital Marketing & Transformation 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 0.5p each
ISIN: GB00BYQDPD80 | |||||||||||||||||||||||||
d) | Nature of the transaction | Grant of options under SAYE scheme | |||||||||||||||||||||||||
e) | Price(s) and volume(s) |
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f) | Aggregated information Aggregated volume Price |
48,153 228 pence | |||||||||||||||||||||||||
g) | Date of the transaction | 1 December 2022
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h) | Place of the transaction | Outside trading venue
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