7 Apr 2017 07:00
7 April 2017
Yü Group PLC
(the "Group" or the "Company")
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 28 March 2017, it has granted 342,810 share options ("Options") to certain of its executive directors, being 114,270 Options in lieu of the waiver of bonuses in 2016 and 228,540 Options under the Company's annual share option grant 2017.
Director | Options Granted (in lieu of 2016 bonus waiver) | Options Granted (under Company's annual share option grant 2017) | Total Number of Options held following grants | Total Number of Options held as % of issued share capital |
Bobby Kalar CEO | 43,950 | 87,900 | 131,850 | 0.94 |
Nick Parker, CFO | 35,160 | 70,320 | 605,480 | 4.31 |
Garry Pickering | 35,160 | 70,320 | 605,480 | 4.31 |
Total | 114,270 | 228,540 | 1,342,810 |
The 114,270 Options have been granted with an exercise price of £0.005 and the 228,540 Options at an exercise price of £2.844 being the volume weighted average price as at 28 March 2017. The Options will be exercisable from the third anniversary of the date of grant.
Following these grants the Company has a total of 1,437,310 share options outstanding representing 10.2% 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 |
Bidhi Bhoma | |
Edward Mansfield | |
Anita Ghanekar | |
Alma PR | +44 (0) 20 8004 4218 |
John Coles | |
Hilary Buchanan | |
Robyn McConnachie |
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 was founded by Bobby Kalar and is listed on the AIM market of the London Stock Exchange following a successful IPO in March 2016.
Yu Energy (YU.)