REG - Yu Group PLC - Exercise of Options and Director/PDMR Dealing

YuAnnouncement

17/05/2024 07:00

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RNS Number : 8175O  Yu Group PLC  17 May 2024

17 May 2024

 

Yü Group PLC

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

 

Exercise of options, issue of options, director dealing

and purchase of shares into treasury

 

Yü Group PLC (AIM: YU.), the independent supplier of gas and electricity,
meter asset owner, and installer of smart meters to the UK corporate sector,
announces that it has today issued 254,120 ordinary shares of 0.5p each
("Ordinary Shares") in the capital of the Company following the exercise of
options. Paul Rawson, Group Chief Financial Officer, exercised options over
121,465 Ordinary Shares and Navaz Dean, Group HR Director, exercised and sold
options over 107,116 Ordinary Shares, with the balance of Ordinary Shares
issued to a former employee.

The Company, utilising its existing authorities to repurchase its ordinary
shares, has today purchased 234,978 Ordinary Shares at a price of £17.00 to
hold in treasury.  It is intended that these Ordinary Shares held in treasury
will be utilised to satisfy future option exercises.

Following the exercise of his options, Paul Rawson and a Person Closely
Associated with him, have sold in aggregate 199,859 Ordinary Shares. Following
these transactions, Paul Rawson has a notifiable interest in 92,966 Ordinary
Shares alongside options over a further 194,885 Ordinary Shares in the Company
and Navaz Dean holds 13,988 Ordinary Shares alongside options over a further
107,894 Ordinary Shares in the Company.

Yü Group has also issued 30,000 options to Gary Proctor, Managing Director of
Yü Smart, under the Group's existing Long-Term Incentive Plan. The options
have an exercise price, at par value, of £0.005 and vest on 31 March 2026
subject to the achievement of certain performance conditions.

Admission to trading and total voting rights

Following admission to trading of the Ordinary Shares, which is expected to
take place on 22 May 2024, the Group's total number of Ordinary Shares in
issue will increase to 17,019,315 and the number of shares held in treasury
will be 234,978 Ordinary Shares representing 1.4% of the Company's issued
share capital. The number of voting rights in the Company will be 16,784,337.

For further information, please contact:

 Yü Group PLC       +44 (0) 115 975 8258

 Bobby Kalar

 Paul Rawson

 Liberum            +44 (0) 20 3100 2000

 Edward Mansfield

 Satbir Kler

 Anake Singh

 Teneo               +44 (0) 20 7353 4200

 Giles Kernick

 

Notes to Editors

Information on the Group

Yü 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.

Yü Group has a clear strategy to deliver sustainable profitable growth (in a
£50bn+ 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
consistently improved margin and profitability performance. In 2023 the Group
launched Yü Smart and Yü Charge to support growth through new opportunities
in smart metering installation.

 

 

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                                     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                                                                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                Exercise of options and sale of Ordinary Shares
 e)  Price(s) and volume(s)                   Exercised

  Price(s)  Volume(s)
                                              1.  582.5p    13,500

                                                1038.0p   7,000

                                                109p      10,000

                                                0.5p      76,616

 Sold

  Price(s)  Volume(s)
                                              1.  1700p     107,116
 f)  Aggregated information                   Exercised 107,116 options at 151.8p

     Aggregated volume                        Sold 107,116 Ordinary Shares at 1700p

     Price
 g)  Date of the transaction                  17 May 2024

 h)  Place of the transaction                 XLON

 Sold

     Price(s)  Volume(s)
 1.  1700p     107,116

f)

Aggregated information

Aggregated volume

Price

Exercised 107,116 options at 151.8p

Sold 107,116 Ordinary Shares at 1700p

g)

Date of the transaction

17 May 2024

 

h)

Place of the transaction

XLON

 

 

 

 

 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                                                                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                Exercise of options and sale of Ordinary Shares
 e)  Price(s) and volume(s)                    Exercised

  Price(s)  Volume(s)
                                              1.  866.5p    6,539

                                                0.5p      114,926

 

                                              Sold

   Price(s)    Volume(s)
                                              1.   1700p       60,733 (Paul Rawson)

                                              2.   1700p       55,126 (Paul Rawson)

                                              3.   1764.397p   56,596 (Laura Streets)

                                                 1764.397p   27,404 (Paul Rawson)

 
 f)  Aggregated information

     Aggregated volume                        Exercised 121,465 options at 47p

     Price                                    Sold 199,859 Ordinary Shares at 1,727.07p
 g)  Date of the transaction                  17 May 2024

 h)  Place of the transaction                 XLON

 

Sold

      Price(s)    Volume(s)
 1.   1700p       60,733 (Paul Rawson)

 2.   1700p       55,126 (Paul Rawson)

 3.   1764.397p   56,596 (Laura Streets)

      1764.397p   27,404 (Paul Rawson)

 

f)

Aggregated information

Aggregated volume

Price

 

Exercised 121,465 options at 47p

Sold 199,859 Ordinary Shares at 1,727.07p

g)

Date of the transaction

17 May 2024

 

h)

Place of the transaction

XLON

 

 

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