10 Apr 2018 07:45
Yü Group PLC
(the "Group")
Grant of Options
Yü Group PLC, the independent supplier of gas and electricity to the UK corporate sector, announces that further to the announcement on 6 March 2018, it has granted 147,778 share options ("Options") to certain of its employees and the executive directors.
In respect of the executive directors 43,160 Options have been granted in lieu of bonuses in 2017 and 62,618 Options have been granted under the Company's annual share option grant.
Director | Options held prior to grant | Options Granted (in lieu of 2017 bonus waiver) | Options Granted (under Company's annual share option grant 2018) | Total number of Options held following grant | Total number of Options held as % of issued share capital |
Bobby Kalar CEO | 131,850 | 16,570 | 24,084 | 172,504 | 1.06% |
Nick Parker, CFO | 105,480 | 13,295 | 19,267 | 138,042 | 0.85% |
Garry Pickering, COO | 105,480 | 13,295 | 19,267 | 138,042 | 0.85% |
Total | 43,160 | 62,618 | 448,588 |
The Options have been granted with an exercise price of £10.38 being the five day volume weighted average price as at 9 April 2018. The Options will be exercisable from the third anniversary of the date of grant.
Following these grants the Company has a total of 612,088 share options outstanding representing 3.77% of the existing issued share capital of the Company.
For further information please contact:
Yu Group PLC | +44 (0) 115 975 8258 |
Bobby Kalar | |
Nick Parker | |
Shore Capital | +44 (0) 20 7408 4090 |
Dru Danford | |
Edward Mansfield | |
Anita Ghanekar | |
Alma PR | +44 (0) 20 8004 4218 |
John Coles | |
Josh Royston | |
Robyn Fisher |
Notes to Editors
Information on the Group
Yü Group 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 is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.
Yu Energy (YU.)